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

Pound notes

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.
    Saif Ali Khan's Special Gift For Taimur Ali Khan On Children's Day

    Saif Ali Khan's Special Gift For Taimur Ali Khan On Children's Day

    Of how he plans to make Children's Day celebration special for his kids, Saif said: "I think every day is Children's Day". Saif Ali Khan recently bought a Rs 1.3 crore Jeep. "He would also like the colour, so this vehicle will be for him".
    Neil Ruddock states his emphatic prediction for Arsenal v Tottenham

    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.
  • 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.
    China October coal output climbs year-on-year ahead of heating season

    China October coal output climbs year-on-year ahead of heating season

    The economy was resilient in the first half partly due to a government-led infrastructure spending spree. Economic growth is within a reasonable range, Liu Aihua, a spokeswoman at NBS, told reporters.

    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.
  • 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).
    Digital growth drives 'positive' Q3 for Ladbrokes Coral

    Digital growth drives 'positive' Q3 for Ladbrokes Coral

    Marketwatch.com's news article titled: "133.00" with publication date: November 04, 2016 was also an interesting one. Ladbrokes Coral Group PLC has a 12-month low of GBX 110.30 ($1.45) and a 12-month high of GBX 139.30 ($1.83).

    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.
  • Venezuela govt says debt refinancing underway as S&P cites selective default

    Venezuela govt says debt refinancing underway as S&P cites selective default

    Venezuela's envoy to the UN, Rafael Ramirez, called the meeting "illegal" and a "hostile" act "of interference" by the US. The ratings agency said the South American nation had failed to make $200m (£153m) in repayments on its foreign debt.
    Tumhari Sulu: Here's why we are excited about Vidya Balan's film

    Tumhari Sulu: Here's why we are excited about Vidya Balan's film

    But let's start with the most glaring one - the otherising of films centered around women need to stop now. Vidya Balan made her acting debut with TV show Hum Paanch .

    EgyptAir's Bombardier CSeries outline deal valued at $1.1 billion

    Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer. Its presence is "adding confidence about the long-term success of the programme", he said on November 2.


Most liked

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.

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.

More bidding on Buffalo Wild Wings?
Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a report on Thursday, July 6th. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000.

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.

Senate approves Buhari's $5.5 billion external borrowing
With the $3bn to be used for refinancing domestic debts, local lenders owed by the federal government may now expect to be paid. Nigeria's Senate on Tuesday approved a request by President Muhammadu Buhari to seek $5.5 billion in foreign loans.

Cohen & Steers Inc (NYSE:CNS): Institutional Investor Sentiment Up to 1.59
Chevy Chase Trust Holdings Inc increased Unilever N V (NYSE:UN) stake by 83,894 shares to 387,972 valued at $21.44M in 2017Q2. Other large investors have also modified their holdings of the company. 238,756 shares of the company's stock traded hands.

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.

Accountability court issues non-bailable arrest warrants for finance minister
Dar, who has pleaded not guilty, is receiving medical treatment in London and now faces arrest upon his return to Pakistan. On September 27, the finance minister had been indicted for possessing assets beyond his known sources of income.

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.

Xbox One X hits 80,000 United Kingdom sales in first week
Accessories Save $50 on Xbox Elite Wireless controller with the purchase of an Xbox One X from now through November 18th. Update: A Microsoft spokesperson confirmed to Engadget that the $189 console is indeed the 500 GB version.

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.

$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.