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Germany: Quarterly GDP falls 0.6% in Q4

According to preliminary data released by Destatis on Thursday German GDP s.a. fell 0.6% in the fourth quarter of 2012, compared with the 0.2% increase in the previous quarter. Analysts expected slightly less contraction of 0.5%.

On an annual basis German GDP n.s.a. rose 0.1% in Q4, down from +0.4 in Q3 and below projections of 0.2% growth. GDP w.d.a. increased 0.4%, following +0.9%.

Forex: EUR/USD threatens 1.3400 on German GDP

The bloc currency is challenging the key support at 1.3400 on Thursday, after the German economy contracted 0.6% QoQ in the fourth quarter, growing only 0.1% on a yearly basis.. Previous estimates...
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Asian markets mostly up on Thursday, European futures down on GDP data

Japan's Nikkei Stock Average (+0.50%), Hong Kong's Hang Seng (+0.82%), China's Shanghai Composite (+0.57%) and South Korea's Kospi (+0.18%) rose like most equity indexes in Asia as investors' mood is up due to New Year. BoJ policy settings were kept unchanged.
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