Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher 
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Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
U.S. Stock Futures Edge Higher Ahead of Big Tech Earnings and Fed Decision 
Asian Markets Mixed as Fed Decision, Iran Tensions, and Inflation Data Weigh on Sentiment 
The downward economic momentum in the emerging markets will be a biggest headwind for German economy next year. Therefore, growth rate of the economy is projected at 1.30% for 2016, forecasts Commerzbank.
The growth rate will be underpinned by the strong domestic activities. Wages are expected to post a healthy growth rate of 3%, and thereby, private consumption in the economy will increase. In addition, the upcoming labor market reforms of the German government will back the economic growth rate.
