The German economy is faltering as we have seen with PMI and sentiment. Brexit and trade wars helped Germany Q2 preliminary GDP come in negative as expected triggering further selling in the German DAX and world stockmarkets already down after a big miss in Chinese growth.
German Household Consumption Driving Expansion says Bundesbank
The German Bundesbank in it’s monthly report said that Germany’s growth in the third quater may be somewhat slower than the first half of the year. The central bank said the economy is on a ‘sound’ path driven by household consumption’