Overview of the basic drivers

The main European stock indexes remain negative, losing on average about -0.70% of positions since the opening of trading. This supports European currencies against the US dollar and security tools. Such a decline in the stock market in Europe was due to the negative completion of trading in the Chinese stock market as China’s GDP growth slowed down in the third quarter.

According to the data, China’s GDP growth in the third quarter slowed to 6.8%, against the previous value of 6.9%. For more information, see https://esterholdings.com/en/2017/10/19/dannye-po-kitayu/.

Oil prices also decline in European trading, on average losing about 1.30%, what puts pressure on commodity currencies.

Alexander Sivtsov