German Growth Surprise Lifts Europe As China Subdues Asia

This is source I found from another site, main source you can find in last paragraph

LONDON: Strong German economic growth data drove the euro to a three-week high on Tuesday and gave European stocks a lift after five days of falls put them at a two-month low.

The uplift to sentiment came after disappointing Chinese industrial and retail figures had subdued Asia, with investors also pondering whether a marked flattening in the U.S. yield curve might be a harbinger of a more global slowdown.

There was no sign of that in German where an 0.8 percent third-quarter growth reading beat forecasts and showed the economy growing at annualized rates of more than 3 percent.

The euro jumped to US$1.1696 versus the dollar on the figures and reached a one-year top against Sweden's crown after inflation figures there came in weaker than expected.

"It is not the dollar that is weak, it is the euro that is strong," said John Hardy, Saxo Bank's head of FX strategy.

Combined with signs of a move up again in European bond yields, that suggested some traders were back to pricing in an end to the European Central Bank's stimulus, he said.

This is source I found from another site, main source you can find in last paragraph

Source : http://www.channelnewsasia.com/news/business/german-growth-surprise-lifts-europe-as-china-subdues-asia-9404088

performing

playing

German growth surprise lifts Europe as China subdues Asia
German growth surprise lifts Europe as China subdues Asia
GLOBAL MARKETS-German growth surprise lifts Europe as China subdues Asia
GLOBAL MARKETS-German growth surprise lifts Europe as China subdues Asia