MNI China Daily Summary: Monday, April 15

MNI: China CFETS Yuan Index Up 0.22% In Week of Apr 12

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Feb Wholesale Falls Short Of Expectations

MNI:US MAR RETAIL SALES +0.7%; EX-MOTOR VEH +1.1%

MNI: CANADA FEB WHOLESALE SALES +2.3%; EX-AUTOS -0.1%

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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MNI 5 THINGS. Australia Trade Balance At Record High In Feb

MNI (London)
By Lachlan Colquhoun
     SYDNEY (MNI) - The Australian Bureau of Statistics published the February
Trade Balance data Wednesday. Here are five factors of interest in today's
release.
The export boom continues. 
February's trade balance vaulted to a record A$4.8 billion on the back of strong
iron ore exports, a 10% increase y/y. The surprise result came after a surplus
of A$4.5 billion in January, which was revised down to A$4.35 billion. The
previous highest balance was the A$4.7 billion surplus posted in December 2016.
Iron Ore up. 
The export result was dominated by a A$958 million increase in exports of metal
ores and minerals, a category dominated by iron ore. Prices remain at recent
highs due to ongoing disruption from the Brazilian mine disaster in January.
Coal down. 
The surge for iron ore was offset by a A$760 million drop in coal exports, as
processing delays at Chinese ports continued to drag.
Services strong. 
Exports from the service sector increased 2% to A$136 million, helping offset
falls in exports of gold and rural goods.
Imports steady. 
The trade balance is being driven by an export boom, and not by any major slide
in exports. February imports were only 1% lower at A$35 billion.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MALDS$,M$A$$$,M$L$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Data StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Data StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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