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German growth likely to pick up in Q4, says ECB’s Nagel

German economic growth in the final quarter of this year was viewed with optimism by Bundesbank President Joachim Nagel in comments released during Wednesday’s European trading session. Nagel, who also sits on the European Central Bank (ECB) Governing Council, nevertheless cautioned that the expansion would not be broad-based.

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

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1Euro hits two-week low on expectations of aggressive Fed rate rises 2Deutsche Bank expects UK inflation to rise in October 3US Dollar remains supported by US data – Societe Generale 41.4230: Fed tightening expectations lift the Greenback as Canadian Dollar falls to four-week lows 5Strategists back Japanese Yen strength despite its slide towards 160.00 6US inflation fuels Fed rate hike bets as Japanese Yen falls towards 160 7WTI Oil holds above $85 as optimism over a Middle East peace deal begins to wane 8EUR/USD remains rangebound as Dollar takes the lead – Societe Generale 9United States Dollar Index gains further as prospects of a 50 bps Fed rate hike strengthen

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