Italian GDP rises by 0.5% as expected - Euro looks strong

German Chancellor Angela Merkel arrives at the Bundestag for further exploratory talks with members of potential coalition parties to form a new government

The European Union's statistics office Eurostat confirmed its estimate from October 31 that the gross domestic product (GDP) of the euro zone grew by 0.6% in the months from July to September from the previous three months. The locomotive of the euro-zone released the data earlier and it came out at 0.8%, well above expectations.

In the second quarter of 2017, GDP grew by 0.7% in both zones.

The economy of Italy is seeing accelerating growth: 0.5% q/q, the highest since 2009.

Seasonally adjusted German GDP rose 0.8 per cent on the quarter, beating a consensus forecast of 0.6 per cent, which was also the second-quarter growth rate. Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.2% in the previous quarter).

The stronger growth supports the European Central Bank's decision last month to start weaning the euro zone off ultra-loose money by saying that from January it will halve the amount of bonds it buys every month to 30 billion euros (S$47.7 billion).

By way of comparison, British GDP grew by 0.4% over the third quarter, up from 0.3% in the three months to June, and in the U.S. growth clocked in at 0.7% on the quarter, down from 0.8% for the three months to June.

Meanwhile, in terms of quarter-on-quarter rate of change GDP expanded at a 0.6% clip, as expected by economists. This may provide some comfort after Italy was left out of the World Cup for the first time in 60 years.

Related News:

  • Russian accusation of US-ISIS cooperation based on computer game photo

    Russian accusation of US-ISIS cooperation based on computer game photo

    A joint US-Russian operation against ISIS like that mentioned in the Russian statement would also be out of the ordinary, he said.
    US FDA approves first drug with digital ingestion tracking system

    US FDA approves first drug with digital ingestion tracking system

    If a patient opts to allow it, the patient's caregivers and doctor can access the data online, too. Skin irritation at the site of the MyCite patch placement may also occur.

    Over 15000 scientists issue warning to humanity

    There's also less fresh water available, and the human population has risen while the population for everything else has declined. This second warning letter comes as world leaders have been meeting for the past two weeks at the U.N.
  • Eli Lilly and Co (NYSE:LLY) Low Risk Sign Rtng Change?

    After $1.05 actual EPS reported by Eli Lilly and Co for the previous quarter, Wall Street now forecasts 2.86% EPS growth. Criterion Capital Management Llc increased Motorola Solutions Inc (MSI) stake by 130.8% reported in 2017Q2 SEC filing.
    Kim Kardashian Exposes Savage Tweet From Kanye West Aimed At Jimmy Kimmel

    Kim Kardashian Exposes Savage Tweet From Kanye West Aimed At Jimmy Kimmel

    " Chris joined in the sketch by reading out a tweet from a troll who wrote, "'@jimmykimmel is a comedy god. Clearly, all three of these " white guys with beards " had a great old laugh in this segment of the show.
    OnePlus accused of leaving a backdoor to give root access

    OnePlus accused of leaving a backdoor to give root access

    A malicious app or malware that is built around this loophole would potentially be able to target OnePlus devices and wreck havoc. Following the allegations, OnePlus took some steps, and added the new "opt-in" option for the user experience program.
  • Bagley already making history at Duke

    Bagley already making history at Duke

    All seven events have featured the same four teams rotating against one another: Michigan State , Duke , Kansas and Kentucky. That being said, Michigan State had a similar dominating start to the season with a 32-point victory over North Florida.
    Police ID stabbing suspect fatally shot by officers in the Bronx

    Police ID stabbing suspect fatally shot by officers in the Bronx

    The armed man did not comply, and instead stepped toward the officers with the knife displayed in his right hand. Both women, Kathy Hope, 48, and Michelle Sutton, 29, according to the NY Daily News , were hospitalized.
    Sun Pharma net profit falls 59% to Rs 912 crore in Q2

    Sun Pharma net profit falls 59% to Rs 912 crore in Q2

    Profit came in at Rs912 crore in the quarter ended 30 September, compared with Rs2,235 crore a year ago, the company said. The shares of Sun Pharmaceutical Industries closed today at Rs 526.15 on BSE, down 1.19 per cent from previous close.
  • Chipotle Mexican Grill (CMG) Shares Hovering Above Chikou

    Chipotle Mexican Grill (CMG) Shares Hovering Above Chikou

    Also, it has an estimated price-earnings (P/E) multiple of 29.43 and a trailing 12-month price-earnings (P/E) multiple of 53.83. See Chipotle Mexican Grill, Inc . (NYSE:CMG) opened at $282.70 on Tuesday. 686 were accumulated by Puplava Svcs. (NYSE:CMG).
    De La Hoya calls out McGregor, talks return

    De La Hoya calls out McGregor, talks return

    But, then McGregor was booked to box Mayweather, and De La Hoya blasted the bout, and even called on fans to protest the fight . The 44-year-old De La Hoya hasn't competed since he was knocked out in eight rounds by Manny Pacquiao back in December 2008.
    Ronaldo asks to leave Real Madrid after two factors irk Portuguese star

    Ronaldo asks to leave Real Madrid after two factors irk Portuguese star

    But that the request was unequivocally rejected - and that has only worked to worsen the superstar's anger towards the club. Cristiano Ronaldo has chose to leave Real Madrid at the end of the season, according to reports in Spain .


Most liked

Most Active Stock: Marvell Technology Group Ltd. (MRVL)
The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm has a market capitalization of $9,980.45, a price-to-earnings ratio of 25.81, a PEG ratio of 1.38 and a beta of 1.05.

YouTube deletes thousands of videos from extremist cleric Anwar al-Awlaki
All three companies announced their own set of measures to address the issue and vowed to be more transparent about its policies. Google revealed that Russian actors spent tens of thousands of dollars on propaganda ads on Google search , YouTube and Gmail.

Drinking coffee may decrease risk of heart failure, stroke
Heart failure is a potentially fatal condition that occurs when the heart is too week to pump blood efficiently around the body. Further investigation to better determine how red meat consumption affects risk for heart failure and stroke is ongoing.

Analyst Research and Recommendations: Abbott Laboratories (ABT), CytomX Therapeutics, Inc. (CTMX)
Stifel Nicolaus raised the price target on October 19 changing the forecast from $58.00 to $63.00 with a "Buy" recommendation. The value of the investment in (ABT) increased from $138,176,000 to $139,414,000 a change of 0.9% for the reporting period.

Bharti Infratel shares fall on block deals, Airtel up 1%
Bharti Infratel settled 4.16 per cent down at Rs 394, whereas Bharti Airtel closed at Rs 497.70, down 0.07 per cent on Tuesday. Morgan, UBS and Goldman Sachs were joint placement agents for the transaction.

Mobile's affordable REVVL smartphone costs only $125
It will go on sale beginning November 17 in stores nationwide and online in a special edition black and magenta color scheme. To remind you, T-Mobile Revvl, which was launched in August this year, is now sold for $6 down and $6 per month with EIP.

Nigeria vs Argentina: Super Eagles starting XI revealed
On Tuesday, Mikel will mark another landmark when he leads the Super Eagles out, this time , as substantive captain . The icon withdrew from the squad after La Albiceleste defeated Russian Federation 1-0 in Moscow on Saturday.

Sri Lanka dream of first-ever Test victory on Indian soil
Rahane was seen playing a lot of sweep shots on Monday including the unorthodox reverse sweep against the spinners. Samaraweera spoke to each of them individually and they later headed for a shadow practice session.

Didier Drogba Confirms He Will Retire At The End Of The Season
He added, " At some point you have to stop". "I need time for my other projects". And it won't be long before Didier Drogba joins the esteemed list.

India's Idea Cellular posts quarterly loss; to sell tower unit
Idea Cellular has posted a consolidated net loss of Rs 1,106.80 crore for the second quarter (July-September) of 2017-18 fiscal. The company said it has garnered almost 20.7 crore subscribers at the end of September which it said was 3.3% increase YoY.

$70000 Raised For Cyclist Who Was Fired For Giving Trump The Finger
A GoFundMe account set up on behalf of Juli Briskman has raked in over $70,000 in donations since it was activated a week ago. Briskman thanked supporters writing, "I am not sure what the future holds, but I am buoyed by your support".

Childrens' toys can be hacked
This meant that during tests a hacker did not need a password, PIN code or any other authentication to get access. Spiral Toys declined to comment to Which? in relation to Toy-Fi Teddy and Cloud Pets.

Vodafone says rebounds into first-half net profit
FCF pre-spectrum is expected to exceed 5 billion euros, which was previously guided to be around 5 billion euros. Vodafone had taken an impairment of 5.0 billion euros on its Indian activities in the first half of 2016.

Evidence of 'World's Oldest' Grape Wine Dug Up in Georgia
The latest finds were published in the journal Proceedings of the National Academy of Sciences (PNAS). Love wine? A team of researchers found out just about how old the practice of wine-making is.

Neil Ruddock states his emphatic prediction for Arsenal v Tottenham
Arsenal forward Danny Welbeck is expected to be fit for Saturday's north London derby but Olivier Giroud remains doubtful.