German economy in great shape

The German economy reported a 0.6% growth in its GDP in the third quarter. This was accelerating the rise in the economy compared to the second quarter of the year. The result responded to the average market expectations.
At the same time, the growth of Italy's economy also rose to 0.5%, according to the forecast.
All this leads investors to expect that the eurozone economy will maintain its robust growth performance since the beginning of the year and in the third quarter.
The data triggered an increase of the euro against other major currencies. The single currency returned to more than 1.1700, trading on peaks at 1.1720 levels. The rise in the euro, after the results, amounted to 0.4%.
The ECB, of course, did not miss the opportunity to underline its function of the observed growth, saying that the measures taken to repurchase assets began to produce its results and was "extremely successful", according to vice-president Vitor Constanceo.
Now, investors are rising expectations that the ECB will resort to further action to normalize its monetary policy at upcoming meetings.