Daily Alert – Thursday 30th April 2020: April ends with worst GDP number in Euro Zone history

Mark NugentApril 2020, Daily Alert

Daily Alert – Thursday 30th April 2020: April ends with worst GDP number in Euro Zone history

Preliminary Flash GDP in the Euro Zone was -3.8% versus an expectation of -3.7%. This is bad but there will be worse to come. For example, the US Q1 GDP number on Wednesday was -4.8% which only contained one week under lockdown. Some commentators have suggested Q2 GDP in the US could be -20% to -30%.

It’s month end and a Thursday night. So I won’t be looking at the charts tonight.

Have a good weekend when it comes and I’ll be back on Monday with your Trading Plan for week 19. All the best.

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