MNI: GERMANY SEP INDUSTRIAL PROD -2.5% M/M (FCST -1.0%)

MNI: GERMANY SEP TRADE BALANCE +E17.0BLN (FCST: 20.9BLN)

MNI BRIEF: China Oct Exports Grow, Imports Slide

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MNI: SWEDEN OCT CPIF +1.5% Y/Y

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI:AUSTRALIA SEP TRADE BALANCE A$+4609

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CHINA: Trade Numbers a Timely Reminder for New President. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • China’s exports exceeded expectations for October, rising +11.2% (from +1.6% prior).
  • China’s imports declined -2.3%, delivering the third biggest Trade Surplus of the last 5 years of $95.72bn.
  • The incoming US President has long targeted China and their trade deficit citing unfair tactics and suggesting tariffs of up to 60% on Chinese goods.
  • The result for October surprised the market as expectations for an impact from stimulus were not expected to show in the data yet.
  • What today’s numbers could represent is a race to get product out of China prior to the imposition of any tariffs. 
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  • China’s exports exceeded expectations for October, rising +11.2% (from +1.6% prior).
  • China’s imports declined -2.3%, delivering the third biggest Trade Surplus of the last 5 years of $95.72bn.
  • The incoming US President has long targeted China and their trade deficit citing unfair tactics and suggesting tariffs of up to 60% on Chinese goods.
  • The result for October surprised the market as expectations for an impact from stimulus were not expected to show in the data yet.
  • What today’s numbers could represent is a race to get product out of China prior to the imposition of any tariffs.