Forexpros – The euro zone’s economy expanded in line with expectations in the third quarter, unchanged from an initial estimate, revised data showed on Tuesday.
In a report, Eurostat said that the euro zone’s gross domestic product increased by a seasonally adjusted 0.2% in the three months to September, in line with expectations and unchanged from a preliminary estimate.
Annualized GDP rose at a rate of 1.4%, also in line with expectations and unrevised from an initial estimate.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.19% to hit 1.3377.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.5%, France’s CAC 40 shed 0.45%, Germany’s DAX dropped 1%, while the FTSE 100dipped 0.25%.
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