economies of France and Germany have chosen the period from the fall - according to statistics published today, the GDP of France and Germany in the II quarter showed an increase in quarterly terms by 0.3%. In doing so, if we compare the dynamics of the annual terms, it all seems not so optimistic: German GDP fell by 7.1%, and France - to 2.6%.
Despite the fact that these figures were better than analysts predicted, and in quarterly terms, they generally have been a surprise, still worth to take into account the fact that the preliminary results, which, in the final count may be lower.
is noteworthy that, in a manner contrary to expectations, the vast majority of experts, the two largest economies of Europe could emerge from recession before the United States, where the II quarter GDP fell by 1% after a collapse at 6.4% in the first. Economists, in turn, continue to expect the completion of a recession in the largest world economy in the III quarter.
French Finance Minister Christine Lagarde, speaking on the published figures, noted that it was very surprising result, after four quarters of falling.
In I quarter of this year GDP of France and Germany showed a significant decline. So, in I quarter of this year, French GDP fell by 1.3% in quarterly terms and 3.4% per annum. German GDP in the I quarter of this year decreased by 3.8% in quarterly terms and 6.9% annually, the most significant fall, at least for 40 years.
You can also highlight the fact that the situation in the last quarter was no rainbow for all of Europe. For example, the British economy continues to stay in the red - in the II quarter of this year GDP fell by 0.8% in quarterly terms and 5.2% - annual. Analysts, meanwhile, were more optimistic and are expected to fall 0.3% and 5.6% respectively.
Europe is also now received the data on GDP. Analysts had been set up not too optimistic, expecting that the economy will reduce the rate of 0.5% quarterly terms and 5.1% in annual terms. However, GDP in the euro zone II Blvd. of this year fell on a preliminary assessment, at 0.1%. In annual terms, GDP euro area in April-June fell to 4.6%. In the 27 EU countries in the last quarter of the economy declined by 0.3% in quarterly terms and 4.8% per annum.
GDP is the main indicator, reflecting the state of the national economy of the country (or group of countries). GDP is the sum of the volume of consumer spending, which is approximately 2 /3 the index of gross investment, government expenditure andnet (difference between the value of exports and imports).
European markets reacted positively to the published macroeconomic data: the first minute of the trading markets have gone up by France and Germany - at 11:40 at the German DAX rising 0.8%, and the French CAC 40 - at 0.5%.
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 29.17 billion rubles
Better market traded securities Mosenergo (6.5%) and RusGidro (4.9%), worse than - Polyus Gold (1%) and Rostelecom (0.8%)
The technical analysis of currency pairs
Fed policy has not changed, appetite for risk returns
Exchange Euro /dollar rose in European session to 1.4278
Magna Bank, and agreed on the acquisition with GM Opel
Analysis - Results of the day
In the Russian currency market, yesterday's increase in the dollar to 32.6 today turned correction - 31.8 at the moment
Data on unemployment and retail sales in the United States were worse than forecasts, which have put pressure on markets
Continental Europe may emerge from a recession
economies of France and Germany have chosen the period from the fall - according to statistics published today, the GDP of France and Germany in the II quarter showed an increase in quarterly terms by 0.3%. In doing so, if we compare the dynamics of the annual terms, it all seems not so optimistic: German GDP fell by 7.1%, and France - to 2.6%.
Despite the fact that these figures were better than analysts predicted, and in quarterly terms, they generally have been a surprise, still worth to take into account the fact that the preliminary results, which, in the final count may be lower.
is noteworthy that, in a manner contrary to expectations, the vast majority of experts, the two largest economies of Europe could emerge from recession before the United States, where the II quarter GDP fell by 1% after a collapse at 6.4% in the first. Economists, in turn, continue to expect the completion of a recession in the largest world economy in the III quarter.
French Finance Minister Christine Lagarde, speaking on the published figures, noted that it was very surprising result, after four quarters of falling.
In I quarter of this year GDP of France and Germany showed a significant decline. So, in I quarter of this year, French GDP fell by 1.3% in quarterly terms and 3.4% per annum. German GDP in the I quarter of this year decreased by 3.8% in quarterly terms and 6.9% annually, the most significant fall, at least for 40 years.
You can also highlight the fact that the situation in the last quarter was no rainbow for all of Europe. For example, the British economy continues to stay in the red - in the II quarter of this year GDP fell by 0.8% in quarterly terms and 5.2% - annual. Analysts, meanwhile, were more optimistic and are expected to fall 0.3% and 5.6% respectively.
Europe is also now received the data on GDP. Analysts had been set up not too optimistic, expecting that the economy will reduce the rate of 0.5% quarterly terms and 5.1% in annual terms. However, GDP in the euro zone II Blvd. of this year fell on a preliminary assessment, at 0.1%. In annual terms, GDP euro area in April-June fell to 4.6%. In the 27 EU countries in the last quarter of the economy declined by 0.3% in quarterly terms and 4.8% per annum.
GDP is the main indicator, reflecting the state of the national economy of the country (or group of countries). GDP is the sum of the volume of consumer spending, which is approximately 2 /3 the index of gross investment, government expenditure andnet (difference between the value of exports and imports).
European markets reacted positively to the published macroeconomic data: the first minute of the trading markets have gone up by France and Germany - at 11:40 at the German DAX rising 0.8%, and the French CAC 40 - at 0.5%.
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 29.17 billion rubles
Better market traded securities Mosenergo (6.5%) and RusGidro (4.9%), worse than - Polyus Gold (1%) and Rostelecom (0.8%)
The technical analysis of currency pairs
Fed policy has not changed, appetite for risk returns
Exchange Euro /dollar rose in European session to 1.4278
Magna Bank, and agreed on the acquisition with GM Opel
Analysis - Results of the day
In the Russian currency market, yesterday's increase in the dollar to 32.6 today turned correction - 31.8 at the moment
Data on unemployment and retail sales in the United States were worse than forecasts, which have put pressure on markets