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3 Numbers: German outlook upbeat as consumer sentiment slide steadies
US markets are closed today for the Thanksgiving holiday, but several economic reports for Europe are scheduled, including revised data for Spain’s third-quarter GDP. Later, the European Central Bank publishes new money supply numbers for October, followed by Gfk’s report on consumer sentiment in Germany. Spain: Q3 GDP Revision (0800 GMT) Growth has moderated in Europe’s fourth-largest economy, as today’s revised numbers on third-quarter GDP will reaffirm. Although the previously reported 0.8% quarterly gain in output in Q3 is still strong by Eurozone standards, the deceleration from Q2’s 1.0% advance has ... (full story)