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Spanish GDP rose by 0.7% in Q4

Friday, Jan 30 2015
Spanish GDP rose by 0.7% in fourth quarter, beating predictions on 0.5% increase. This followed 0.5% increase in third quarter and was the sixth consecutive quarter of increase.
 
Separate report on Spanish CPI also beat market expectations on 1.5% decline and decreased by 1.4%. This decrease is mainly explained by the lower prices of fuels (diesel and gasoline). 
 
Data did not have any major impact on the markets, with euro edging slightly higher and is currently being traded few points above 1.1330 level. Pair is likely to find support around 1.1260 area and resistance near 1.14 handle. Later today, Eurozone CPI and Unemployment Rate figures are scheduled for a release.
More in this category: « Sharp incline in French Consumer Spending Eurozone inflation down by 0.6% »

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