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Germany: Migration to lift 2016 GDP growth – Deutsche Bank

FXStreet (Delhi) – Research Team at Deutsche Bank, expect that although the external and the financial environment have deteriorated we have lifted our 2016 GDP call to 1.9% (1.7%). Drivers are stronger real consumption growth due to lower oil prices/stronger EUR and the surge in immigration which should c.p. add about ½ pp to consumption (split between private and public).

Key Quotes

“The risks are mainly external (EMs). We assume that the VW emission scandal will not materially impact other German car producers neither do we see a lasting dent to “Made in Germany” weighing on exports.”

GBP/USD points to consolidation near-term – Commerzbank

In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair will remain in a consolidative pattern in the short-term...
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Korea: Inflation slows in September - ING

Tim Condon, Chief Economist at ING, notes that the Korean CPI inflation slowed to 0.6% YoY in September from 0.7% in August (consensus 0.8%).
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