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Flat French August Industrial Production a positive surprise - BNP Paribas

FXStreet (Łódź) - BNP Paribas economist Hélène Baudchon suggests that the unchanged August French Industrial Production was a optimistic development, as market consensus pointed to a 0.2% decrease.

Key quotes

"The French industrial production stability in August is a positive surprise given the deterioration in French business confidence surveys and the German economic situation."

"IP Q3carry-over remains strong at +0.6% t/t, contributing to raise the odds of a slightly positive GDP growth number in Q3."

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Copper declines on growth concerns

Copper prices have edged lower today after prices failed to break above a key technical level yesterday. The metal is trading lower today on the Comex division of the New York Mercantile Exchange.
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