30.09.2015 - Statistics from Germany disappointed investors

Today was published statistics on the labor market in Germany, which disappointed investors. Thus, the number of unemployed increased by 2 thousand against the expected reduction by 5 thousand. Retail sales in Europe's largest economy fell by 0.4% in August, which was also worse than the forecasted growth of 0.2%. Despite this, investors are fixing position after a sharp fall in the previous days. In general, at the moment we see a mixed statistics from the euro area and look forward to the publication of a report on the US labor market to determine the direction of prices in the near future. Our medium-term outlook for the euro remains negative.

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