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ForexMart vám prináša najnovšie ekonomické spravodajstvo. Informácie o aktuálnom dianí na finančnom trhu, o finančných ukazovateľoch, oznámenia o politike centrálnych bánk a ďalšie dôležité správy, ktoré môžu mať vplyv na celé odvetvie.

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The European market is growing after the release of strong statistics from Germany

November, 24 2020
watermark Economic news

The European stock market opened higher on Tuesday amid enthusiasm for progress in the coronavirus vaccine and greater clarity over the outcome of the US presidential election. The strong recovery of the German economy also boosted the market.


In particular, the DAX in Germany added 0.95% to 13.251.05, the CAC 40 in France rose 1.32% to 5.564.44, and the British FTSE climbed 1.11% to 5.564.44.


The main driver of growth was progress in the search for a vaccine against COVID-19. AstraZeneca announced Monday that its vaccine candidate drug is 90% effective at certain doses. It became the third potential vaccine after similar positive news from Pfizer and Moderna.


Additional positive news comes to the market with news from the US. Emily Murphy, head of the Office of General Services, yesterday effectively named Joe Biden the winner of the presidential election, saying that Biden can now give briefings and receive funding.


Another stimulus for growth was the statistics from Germany, where GDP grew by 8.5% in Q3, recovering from a historical drop of 9.7% in the previous quarter. The recovery was mainly driven by higher household spending and a surge in exports.



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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.