Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
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.
