German exports slide as trade war hits demand – business live

The Guardian - Nov 08, 09:42 GMT

All the day’s economic and financial news, as Germany suffers a worrying drop in exportsGerman exports fell 0.8% in SeptemberEconomist: Trade war and car emissions tests to blame 9

All the day’s economic and financial news, as Germany suffers a worrying drop in exports

European stock markets have shrugged off Germany’s export slowdown.

The Stoxx 600 index has risen by 0.6%, as shares benefit from the prospect of the Democrats keeping Donald Trump in check.

There is very little going on, and yet there’s a lot happening.

US election uncertainty removed, equity markets hope they’ve found the ideal combination of slightly less fiscal easing and slightly less monetary tightening that a more restrained president Trump will have to deliver. An outbreak of glee has hit markets....

German factory chiefs will be hoping for a breakthrough in the US-China trade dispute soon, before the slump in exports deepens.

And overnight, a top Chinese diplomat has suggest that presidents Trump and Xi could make progress at the G20 world leaders’ meeting in Argentina in three weeks time.

“China is committed to working with the U.S. to achieve a no-confrontational, conflictless, mutually respectful co-operation in which both sides win.

“Both sides should seek an appropriate solution through equal and mutually beneficial negotiations.”

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