China and the Euro are dependent on each other, says Saxo Bank Chief Economist Steen Jakobsen

Saxo Capital Markets Australia

Multi-asset trading platform

China and the Euro are dependent on each other, says Saxo Bank Chief Economist Steen Jakobsen. China and the Euro, both dependent on each other far more we might think. Europe, China's largest marketplace is suffering from low inflation, while growth slows, despite April's import and export figures looking better. Is China actually exporting deflation? China created a capacity that's too big for the market, says Saxo Bank's Chief Economist Steen Jakobsen, who argues that both the Eurozone and China are at the centre of a slowing world economy which will see stagnation for the immediate future and ECB action, or lack of it, can't change the status quo. Jakobsen also disagrees with the ECB on the causes of European deflation, arguing that they are caused by structural issues rather than a strong currency. Read more: (VIEW LINK)


Saxo Capital Markets Australia
Contributor
Multi-asset trading platform

Saxo Capital Markets (Australia) Pty Ltd is a wholly owned subsidiary of Saxo Bank A/S, a global online trading platform specialist. We enable investors the ability to trade FX, CFDs, Stocks, Futures & other derivatives from one account....

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.