EnergyScan

Surprise rebound in Chinese foreign trade in August

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
September 20, 2021

Spreads carrying the oil complex

Crude prices corrected in the early morning, likely due to spillover effects of an Asian equity selloff, amid concerns over the Chinese housing market. Indeed, the…
ES-gas
May 18, 2021

European gas prices correct downwards

European gas prices fell overall yesterday, pressured by profit taking and the drop in parity prices with coal for power generation. While both EUA and…
ES-gas
July 9, 2021

Price rebound

Prices rebounded in most European gas markets yesterday, supported by tight pipeline supply and technical rebound. Russian supply was almost stable, averaging 247 mm cm/day,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]