Today at 8:55 GMT German unemployment data was published. Data showed that unemployment rate remained stable at 6.5 percent. Pay roll added 20,000 more jobs. The growth in employment, GDP, export for Germany remained rob…
Today at 8:55 GMT German unemployment data was published.
Data showed that unemployment rate remained stable at 6.5 percent. Pay roll added 20,000 more jobs.
The growth in employment, GDP, export for Germany remained robust as seen in the recent data and market participants showed their vote of confidence in buying German 5 year bund at negative yield yesterday.
Euro remained unmoved over the good data print as the currency not only presents Germany but 19 countries as a whole.
Many of the Euro zone countries are still in trouble where unemployment hovers above 10 percent.
Scenario is scarier in Spain and Greece, where every one in five does not have a job.
Even better off countries like Netherlands, Austria, Finland have unemployment rates hovering above 8 percent.
Until the situation improves for the general people it is very difficult to experience a strong Euro over long term. So far the measures like very easy monetary policy by ECB failed to tackle the situation.
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