Tue. Sep 29th, 2020

Germany downplays stimulus hopes as economy escapes recession – business live

Rolling coverage of the latest economic and financial news, including German growth figures

3.04pm GMT

Looks like Christine Lagarde has been trying to smooth rifts in at the European Central Bank.

The new ECB president has taken her colleagues for an away day to discuss how to improve things, following the disputes over predecessor Mario Draghi’s stimulus moves.

I was pleased to invite my new Governing Council colleagues to join me at an off-site retreat yesterday. We discussed in an open and informal setting the running of the Governing Council. pic.twitter.com/ifMxiNh7uh

2.44pm GMT

Stocks have dipped very slightly at the start of trading in New York.

The Dow, which hit yet another record high last night, dropped by about 0.1%.

STOCKS AT THE OPEN:
– Dow down 25.32 points
– Nasdaq down 23.58
– S&P down 4.35 pic.twitter.com/JufaJRfpJM

Continue reading…Rolling coverage of the latest economic and financial news, including German growth figuresLatest: German finance minister says there’s no crisisBreaking: Germany grew by 0.1% in the last quarterConsumer spending, government and exports lifted growthBut Q2 GDP revised down to -0.2%Weak Chinese data shows slowdown continues 3.04pm GMTLooks like Christine Lagarde has been trying to smooth rifts in at the European Central Bank.The new ECB president has taken her colleagues for an away day to discuss how to improve things, following the disputes over predecessor Mario Draghi’s stimulus moves.I was pleased to invite my new Governing Council colleagues to join me at an off-site retreat yesterday. We discussed in an open and informal setting the running of the Governing Council. pic.twitter.com/ifMxiNh7uh 2.44pm GMTStocks have dipped very slightly at the start of trading in New York.The Dow, which hit yet another record high last night, dropped by about 0.1%.STOCKS AT THE OPEN:- Dow down 25.32 points – Nasdaq down 23.58 – S&P down 4.35 pic.twitter.com/JufaJRfpJM Continue reading…