Surprise rebound in Chinese foreign trade in August

  • Macro-economy

European equity markets caught up yesterday while Asian markets were optimistic for unconvincing reasons: the upcoming departure of the Japanese Prime Minister would pave the way for new stimulus measures and Chinese foreign trade accelerated in August against all expectations. We must remain cautious with these statistics, which are still affected by a strong base effect.

On the other hand, the rebound in industrial activity is confirmed in Germany, with bottlenecks in the automobile sector easing.

To be followed today, the ZEW survey in Germany and the latest estimate of GDP growth in the euro zone in Q2 (+2% q/q for the moment). Still nothing from the US despite the reopening of the markets. The EUR/USD exchange rate is fairly stable around 1.1870 while waiting for the ECB meeting.

Share this news :

You might also read :

ES-economy
September 14, 2021

Awaiting US inflation figures

With one week to go before the next Fed meeting, the August inflation figures for the US are of particular importance. A very slight drop is expected,…
ES-gas
January 26, 2022

Prices increased again, more moderately

European gas prices increased slightly yesterday as the bullish impact of concerns on Russia-Ukraine tensions was partly offset by moderate demand, ongoing strong LNG sendouts…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]