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Eurozone GDP grew 0.2% quarter-on-quarter in Q3 2018, below the 0.4% consensus and down from 0.3% previously. Growth has slowed through 2018, and weak French data had already hinted at the miss.
Weaker eurozone growth tends to pressure the euro and reduce European feed demand expectations, which can weigh on dollar-priced grain and meal prices.
poundsterlinglive.comJames SkinnerOct 30, 2018After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
