Investing.com – The euro zone’s economy grew in line with expectations during the fourth quarter of 2010, unchanged from a preliminary estimate, official data showed on Thursday.
In a report, Eurostat, the statistical office of the European Union, said the euro zone’s gross domestic product increased by a seasonally adjusted rate of 0.3% during the fourth quarter, unchanged from a preliminary estimate.
The report said that year-on-year, GDP grew at an annualized rate of 2.0%, broadly in line with expectations and unchanged from a preliminary estimate.
Following the release of that data, the euro eased down against the U.S. dollar, with EUR/USD dipping 0.04% to hit 1.3859.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.56%, France’s CAC 40 added 0.59%, the FTSE 100 jumped 0.77%, while Germany's DAX gained 0.51%.
In a report, Eurostat, the statistical office of the European Union, said the euro zone’s gross domestic product increased by a seasonally adjusted rate of 0.3% during the fourth quarter, unchanged from a preliminary estimate.
The report said that year-on-year, GDP grew at an annualized rate of 2.0%, broadly in line with expectations and unchanged from a preliminary estimate.
Following the release of that data, the euro eased down against the U.S. dollar, with EUR/USD dipping 0.04% to hit 1.3859.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.56%, France’s CAC 40 added 0.59%, the FTSE 100 jumped 0.77%, while Germany's DAX gained 0.51%.