All the day’s financial news,as rating agency warns that world economic growth will be hampered by emerging market problemsMoody’s: Expect weak global growth until 2017
Eurozone faces new headaches in Greece and Portugal
9.05am GMTBloomberg is reporting that three lawsuits bear been filed against the European Central Bank in the German constitutional courts.
They apparently all involve the ECBs quantitative easing programme (under which it is buying government and corporate debt).
BREAKING: 3 lawsuits targeting the #ECB's QE program filed with the German Constitutional Court. No hearing scheduled yet. #herewegoagainECB threatened with German law suits. So what if ECB don't play ball to any of the outcomes? Send the ECB to prison? Close it? Dont reflect so 8.47am GMTA new Chinese inflation report has also send alarm bells ringing this morning.
China’s consumer prices index rose by just 1.3% annually final month, which is the lowest level since May. That’s another sign that demand is weakening. Related: Asia Pacific stock markets continue slide as Chinese inflation weakens Continue reading...
Source: theguardian.com