Free Trial
SOUTH AFRICA

Godongwana's MTBPS Due at 1300BST / 0800ET

NATURAL GAS

Asian LPG Imports Surging

STIR FUTURES

Chipping Away At 2023 Rate Expectations

DUTCH T-BILL AUCTION PREVIEW

Additional auction added Monday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
     China's General Administration of Customs released July trade data on
Tuesday:
     Exports rose 7.2% year-on-year in July in U.S. dollar terms, lower than
MNI's survey median forecast for an 10.8% y/y gain and below the growth rate of
11.3% in June. It was the lowest monthly increase this year, not including
February's decline of 1.3%. 
     Imports rose 11.0% year-on-year in July in U.S. dollar terms, lower than
the MNI survey median forecast for a 17.5% gain and below the 17.2% rise in
June. It was the lowest rise since December's 3.1% gain but was the ninth
straight month of y/y gains. It also ended a streak of three months of
accelerating gains.
     China posted a $46.74 billion trade surplus in July, higher than the MNI
survey median forecast for a $46.4 billion surplus and above June's $42.77
billion surplus.
     In yuan terms, the trade surplus in July was CNY321.2 billion, compared
with the CNY294.30 billion surplus in June.
     The trade surplus in the first seven months of the year amounted to $231.68
billion, below the $307.54 billion surplus in the same period last year, with
exports rising 8.3% y/y and imports up 17.7%.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: beijing@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.