Strong German Trade Data expected in November

Rebound in Germany's November's exports and imports are expected after October's weak data disappointed the market. Imports are expected to increase on growing domestic economy and strong income growth, while exports are seen to remain subdue due to global demand. Following The Trade Balance Surplus of 22.5bn in October, market anticipates a surplus of 20.2bn in November.

 "While also trade with the US and UK have shown some weakening momentum in Q3, We expect a stabilisation in Asian along with robust US demand to stabilise and improve German export numbers in the coming months"- Societe Generale