Euro zone Q-2 GDP -0.1% q/q, -4.6% y/y

Euro zone Q-2 GDP has come in at -0.1% q/q, -4.6% y/y, better than the median forecasts of -0.5%, -5.1% y/y.

EUR/USD sits at 1.4265, marginally firmer post release. As mentioned earlier expectations will have been raised given the better than expected French and German data, which probably explains away the less than stellar reaction.

Oh well, still encouraging news when all said and done.