Germany’s Scholz: We meet in time of big tension

Anil Panchal FXStreet

“We meet in time of big tension, Russian war on Ukraine brings problems for rule-based world order, good to meet directly,” said German Chancellor Olaf Scholz as he meets Chinese President Xi Jinping on Friday.

Also read: China’s Presi. Xi: Beijing and Berlin should work together all the more in times of change

Additional comments from Germany’s Scholz

We will talk about Europe-china relations, fight against climate change and hunger in the world.

We have to take care that world does not suffer from excessive debts.

We will talk about how to develop economic relations, but also about topics where our perspectives are different.

No major reaction

The news fails to gain any major reaction as markets brace for the US jobs report, especially the Nonfarm Payrolls (NFP), for October.

Also read: US October Nonfarm Payrolls Preview: Analyzing gold's reaction to NFP surprises

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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