Find out the main market movers for today and the reasons behind the risk-off sentiment!
China June trade surpasses expectations as global demand is still strong
China posted better-than-expected trade data for June, thus suggesting the country’s economy is holding up well due to firmer global demand notwithstanding a struggling property market at home amid a financial crackdown, which has applied pressure to firms.
China's June exports tacked on 11.3% from last year, while imports surged 17.2%, both beating experts' expectations, as Thursday’s data revealed.
It left China with a trade surplus of about $42.77 billion for the month, as the General Administration of Customs reported.
Experts surveyed by Reuters had hoped for June shipments from the world's leading exporter to have ascended 8.7%, which is in line with the annual surge figure in May.
Imports were predicted to have soared 13.1%, easing from the suddenly strong 14.8% leap in May.
Experts were actually expecting China's trade surplus to have extended to approximately $42.44 billion in June from May's outcome of $40.81 billion.
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Fed, BOJ and British MPC will make their monetary policy statements during this week. What else will move the market? Find out from the news!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…