Economic data released today showed the key European economies expanded faster than upfront expectations. A raft of European GDP data for Q1 was released today. Eurozone, Germany, France, Spain and Italy all saw improvements in the first three months of 2024 compared to Q4 2023. The EUA Dec-24 contract reacted bullish on the news.
Especially important is the improvement of 0.2% for the German economy which saw a contraction of 0.3% in Q4 2023 and Eurozone which saw an increase of 0.3% from January to March compared to no growth in Q4 2023. A brighter outlook for the European econom…
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