Bundesbank's Weidmann: Further escalation of trade disputes cannot be ruled out

Bundesbank President Jens Weidmann was out with some comments in the last hour saying that trade disputes are weighing on the global economy and further escalation cannot be ruled out.

Additional quotes:

   •  Companies are holding back investments due to trade-related business uncertainty.
   •  The ongoing Brexit drama is also contributing to global business uncertainty.
   •  German exports not giving meaningful impetus to overall economic growth.
   •  Private consumption expected to recover in 2H 2019, to support overall growth.
   •  German economy expected to rebound after a soft patch.