Looking forward to next week, CaxtonFX analysts have highlighted some key announcements to look out for in the eurozone:
- On Tuesday, EU Harmonised German Month-on-Month CPI data for April is released at 08.00 BST, and we expect it to come in at 0%, as it did in March
- Also worth looking out for is the release of German 1Q GDP data on Friday next week at 08.00 BST. We forecast Quarter-on-Quarter figures to come in at -3% and Year-on-Year to register at -6%
- At 10.00 BST the same day, eurozone 1Q GDP figures are released. We expect Quarter-on-Quarter GDP for the region to come in at -2.1% and Year-on-Year to register at -4.1%
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