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In October, soaring memory chip sales enabled South Korea exports to enjoy record 12 consecutive months of surge. That’s solid evidence that Asia's number four economy is actually stepping up a gear.
While shipments surge slowed from September, as a matter of fact, October managed to outpace September as for average exports per working day, boasting brisk business activity.
As October exports revealed, export fundamentals still appear to be sturdy enough. Considering that the low-base effect relieved, October managed to fare well, as Stephen Lee told, an economist at Meritz Securities.
Exports headed north 7.1% on-year, which is far below bumper ascend of 35% in September, although average exports per working day accounted for $2.5 billion, thus outperforming September's outcome of $2.35 billion, as government data disclosed on Wednesday.
The annual Chuseok holiday was celebrated by South Korea from October 2 through October 9. As a result, the Asian country reduced the number of working days from 23.5 to 18.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
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…
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