• German Economy Ministry: GDP likely increased moderately in Q1

Market news

14 March 2019

German Economy Ministry: GDP likely increased moderately in Q1

  • German economy had subdued start to 2019, points to higher risks and uncertainties abroad

  • solid domestic demand and fiscal impetus are providing support for economy

  • weak phase in industrial sector is likely to continue due to weak demand from abroad

  • problems in car sector related to new emissions standards should be largely overcome now

China's central bank continued to sell its holdings of foreign exchange in February
NAB: NZD/JPY neutral bias in the near-term
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