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Koefoed: How to trade Eurozone GDP

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Saxo Bank's Head of Macro Strategy Mads Koefoed gives us his reaction to the Q1 Eurozone data which disappointed most observers; growing 0.4%. German GDP slowed, growing by 0.3% Q-on-Q, with Eurozone exports outweighed by imports, despite a weaker Euro.

Mads also talks us through his Eurozone trade in High Yield Corporate Bonds, which has arguably performed well to date. The trade could benefit from the latest GDP figures, which do confirm that there is Eurozone growth and show the fastest growth rate for almost two years. The French economy for example grew at its fastest rate since 2013, expanding 0.6% in Q1.