Market news

Show news:


23.05.2019 14:19

Germany's GDP increased by 0.4% in the first quarter of 2019, as expected

According to the final report from Federal Statistical Office (Destatis), German economy continued to grow at the beginning of the year. The gross domestic product (GDP) increased by 0.4% (after price, seasonal and calendar adjustment) in the first quarter of 2019 compared with the fourth quarter of 2018. The German economic performance last declined slightly in the third quarter of 2018 (-0.2%) and stagnated in the fourth quarter of 2018 (0.0%).

The quarter-on-quarter comparison (price, seasonally and calendar adjusted) shows that positive contributions mainly came from domestic demand. Gross fixed capital formation in machinery and equipment increased by 1.2% from the fourth quarter of 2018. Gross fixed capital formation in construction was up by as much as 1.9%. Furthermore household final consumption expenditure rose by 1.2%. A similarly strong increase in the final consumption expenditure of households was last observed in 2011. However, government final consumption expenditure recorded a decline (-0.3%).

Compared with a year earlier, the price adjusted GDP rose by 0.6% (calendar adjusted: 0.7%) in the first quarter of 2019. The price-adjusted GDP was up 0.9% (calendar adjusted: 0.6%) in the fourth quarter of 2018 and 1.1% (calendar adjusted: 1.1%) in the third quarter of 2018 on the relevant quarters a year earlier.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

  • Fitch Ratings retained Japan's sovereign ratings at 'A'
  • Earnings Season in U.S.: Major Reports of the Week
  • New car registrations in the European Union fell in June
  • Australia's leading index improved in June, but remained consistently negative - Westpac
July 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00