Any Russian incursion into Ukraine would have far-reaching economic repercussions for global economies. There will be surely winners and losers. In this particular crisis, China will likely benefit from diversion of Russian exports. Energy Sanctions on Russian gas by the United States and its allies could pay dividends for China, …
Read More »French trade deficit hits record level despite economic rebound
France’s trade deficit in goods widened to a record €84.7bn last year, creating what its finance minister Bruno Le Maire called “a black mark” over the economy. The 31 per cent increase in the country’s trade deficit in goods came as its economy rebounded strongly from the fallout of the …
Read More »Strong Exports in September Boosts China’s Economy
China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …
Read More »German Exports Jump 1.3% Despite Industry Supply Bottlenecks
German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy. The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May. Imports …
Read More »A Jump in Japan’s Exports Thanks to Strong Demand From The United States and China
Japan’s exports jumped in June, led by US demand for cars and shipments to China of chip-making equipment, raising hopes of an export-fueled recovery in the world’s third-largest economy. Exports increased 48.6% year on year in June, posting double-digit gains for the fourth consecutive month, but the rate was greatly …
Read More »German Exports Rise 0.3% in May
German exports rose again in May by 0.3%, indicating a continued recovery in Europe’s largest economy. The German Federal Statistics Office said Thursday, July 8 that seasonally-adjusted exports rose 0.3% month-on-month, after a downwardly revised 0.2% increase in April. Imports also rose by 3.4% month-on-month in May, topping Reuters expectations, …
Read More »Japan’s Exports Register Biggest Increase in 11 Years
Japanese exports recorded in April its largest increase since 2010, increasing hopes for recovery from the impacts of the coronavirus pandemic, official data showed on Thursday. Last month, Japan’s exports grew by 38% on an annual basis, exceeding market expectations of a less than 31% increase, and more than double …
Read More »Japan Shares Jump After Falling Two Days
Japanese stocks jumped Thursday, April 22 as investors snapped stocks linked to chips and the economic cycle after a two-day decline in all sectors, while sentiment was supported by a positive close on Wall Street last night. The two main indices rose to the highest level in more than seven …
Read More »Japan’s Exports Increased 16.1% in March YoY
Data from Japan’s Finance Ministry showed on Monday that the country’s exports jumped 16.1% in March compared to the same period a year ago, as demand for goods recovered from low levels reached last year due to the pandemic. The reading compares with an 11.6 increase that economists had forecast …
Read More »German Exports Rise in January Thanks to Strong Trade With China
German exports rose unexpectedly in January, buoyed by strong trade with China at a positive start of the year for manufacturers in Europe’s largest economy. Seasonally adjusted exports rose 1.4% compared to the previous month after a 0.4% increase in December, the Federal Statistics Office said Tuesday. The previous reading …
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