FTSE100 flat in early deals as ex-dividend factors weigh

German, French growth should help euro zone exit recession

BRUSSELS | Wed Aug 14, 2013 8:37am BST
(Reuters) - The euro zone's two biggest economies, Germany and France, both grew more than forecast in the second quarter, reinforcing expectations that data later on Wednesday will show the currency bloc has moved out of recession.

The German economy grew by 0.7 percent in the second quarter of 2013, its largest expansion in more than a year, thanks largely to domestic private and public consumption.

GBP Claimant Count Change -29.2K -14.3K -21.2K

GBP MPC Asset Purchase Facility Votes 0-0-9 0-0-9 0-0-9

GBP MPC Official Bank Rate Votes 0-0-9 0-0-9 0-0-9

GBP Average Earnings Index 3m/y 2.1% 2.1% 1.7%

GBP Unemployment Rate 7.8% 7.8% 7.8%

CHF ZEW Economic Expectations 7.2 4.8

EUR Flash GDP q/q 0.3% 0.2% -0.3%

German 10-y Bond Auction 1.80|1.3 1.57|1.6

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