The Euro has hit some volatility, oscillating from poor industrial production numbers across the EU. We have not seen production fall so fast since the financial crisis. Growth in the Euro zone will remain weak. The technical outlook for Euro is flat and negative.
On Thursday we will see German quarterly GDP growth, even the expectation of a 0.1% growth is minimal. German 3rd quarter GDP shocked everyone when it fell -0.2%. The slowing global economy, gloom growing in the auto industry, and the annoyance of Brexit will impact German companies severely and the rest of Europe as well. We expect the slowdown to continue for the next several months and economic indicators to show up red across all of Europe and Britain.
On Thursday we will see German quarterly GDP growth, even the expectation of a 0.1% growth is minimal. German 3rd quarter GDP shocked everyone when it fell -0.2%. The slowing global economy, gloom growing in the auto industry, and the annoyance of Brexit will impact German companies severely and the rest of Europe as well. We expect the slowdown to continue for the next several months and economic indicators to show up red across all of Europe and Britain.
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