Trial now
GERMANY

Barclays on German politics

OPTIONS

Expiries for Jul30 NY cut 1000ET (Source DTCC)

OUTLOOK

ECI, PCE, Chicago PMI, Fed-Speak Resumes

UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

MNI, NEWS
MNI: FRANCE DATA: Flash GDP (Q3 2019)
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- The French economy grew by 0.3% q/q in Q3, in line with the BoF's forecast but
in contrast to markets pencilling in a 0.1pp downtick (BBG: 0.2% q/q).
- This left the annual rate at 1.3% y/y, down slightly from 1.4% in Q2
- The expenditure breakdown reveals that quarterly growth was broad-based, with
the only negative contribution coming from net trade (-0.4pp)
- Household consumption grew for a fifth successive quarter, accelerating to
0.3% after Q2's downtick to 0.2%.
- Similarly, government expenditure also expanded for the fifths quarter in a
row, maintaining Q2's pace of 0.4%.
- Gross fixed capital formation (business investment) growth accelerated to 1.2%
from 1.1% in Q2
- Exports grew by 0.3% following a 0.1% decline, while imports rose sharply in
Q3 (to 1.4% from -0.3%), resulting in a negative contribution from net trade.