Bundesbank board member Joachim Nagel: only a significant slowdown in the Chinese economy would a have a negative effect on the German economic growth

Market news

19 October 2015

Bundesbank board member Joachim Nagel: only a significant slowdown in the Chinese economy would a have a negative effect on the German economic growth

Bundesbank board member Joachim Nagel said on Monday that only a significant slowdown in the Chinese economy would a have a negative effect on the German economic growth, adding that such a slowdown "is not to be expected at present".

Nagel noted that the Chinese economy is undergoing a transformation.

Iran’s Oil Minister Bijan Zanganeh does not expect the OPEC to cut its oil production at its next meeting

Foreign exchange market. European session: the euro traded lower against the U.S. dollar on the weak economic data from the Eurozone

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