Germany's DIHK says a trade war with US can not be ruled out

German Chambers of Commerce out with their latest thoughts 4 July

  • expects exports to UK to fall by 5% in 2017, rise by 7% to US
  • EU-Japan trade deal would be of elementary importance for German economy due to impact on world trade
  • German companies expect to create at least 200k jobs globally in 2017 of which 40k will be in US

Trade wars permitting ofc I guess.

Earlier I reported that Abe is due in Brussels this Thursday for trade talks.

EURUSD 1.1363 off its rally highs but EURJPY up to 128.50 from 128.04 lows as USDJPY climbs back over 113.00

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