GER-30 European markets were mixed on Thursday, as sentiment mildly recovered amid hopes for U.S. tax reform plans and an upcoming rate hike, while political turmoil in Germany still weighed.
Market sentiment improved following reports on Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades.
Market sentiment improved following reports on Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades.
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Germany's unemployment rate unexpectedly fell even further in September, bolstering optimism over the health of the euro zone's largest economy, official data showed on Friday.
In a report, Germany's Federal Statistics Office said its jobless rate fell to a seasonally adjusted 5.6% in September.
Immediately following the report, EUR/USD was trading at 1.1794 compared to 1.1804 ahead of the release, while EUR/GBP was at 0.8798, compared to 0.8805 earlier.
Meanwhile, European stock markets traded mostly higher in early morning trade. Germany's DAX gained 0.20%, the Euro Stoxx 50 rose 0.14%, France’s CAC 40 lost 0.06%, while London’s FTSE 100 traded up 0.41%.
In a report, Germany's Federal Statistics Office said its jobless rate fell to a seasonally adjusted 5.6% in September.
Immediately following the report, EUR/USD was trading at 1.1794 compared to 1.1804 ahead of the release, while EUR/GBP was at 0.8798, compared to 0.8805 earlier.
Meanwhile, European stock markets traded mostly higher in early morning trade. Germany's DAX gained 0.20%, the Euro Stoxx 50 rose 0.14%, France’s CAC 40 lost 0.06%, while London’s FTSE 100 traded up 0.41%.