Spanish GDP Growth Rate QoQ Flash (Q1) Q/Q 0.6% vs. Exp. 0.5% (Prev. 0.8%)
The flash GDP growth rate for Spain in Q1 has come in at 0.6%, slightly above expectations of 0.5%, although below the previous quarter's growth of 0.8%.
EUROPEAN OPEN: MSFT, QCOM, GOOG, AMZN higher after earnings, META lower; BAS GY beats in Q1, backs FY26 targets; ULVR sales rise, supported by EMs; STLAM IM tops expectations, VOW3 GY profit misses; ACA FP fixed income misses, GLE FP trading sales slide
European Movers: Delivery Hero (DHER GY) +5.8%, Capgemini (CAP FP) +4.0%, Puma (PUM GY) +2.2%, DHL (DHL GY) +1.2%, Weir (WEIR LN) -7.8% Whitbread (WTB LN) -7.5% Stellantis (STLAM IM/STLAP FP) -7.0%, Credit Agricole (ACA FP) -4.6%,
Spanish GDP Growth Rate QoQ Flash (Q1) Q/Q 0.6% vs. Exp. 0.5% (Prev. 0.8%)
Fire at Russia's Tuapse oil refinery has been extinguished, regional Governor says
French Inflation Rate YoY Prel (Apr) Y/Y 2.2% (Prev. 1.7%)
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This moderate beat may signal resilience in the economy, but the deceleration from the last quarter raises questions about sustainability going forward. Market participants should consider the implications for ECB policy, particularly in light of ongoing growth-inflation dynamics within the Eurozone.
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