China’s trade balance! THIS NIGHT!
Dear traders,
China will publish data on the trade balance for April on Tuesday morning. It is expected that the surplus of China’s trade balance will grow to $ 27.5 billion.
According to forecasts, the volume of China’s exports in April should increase by 6.3% compared to the same period last year. It is also forecasted that the volume of China’s imports will increase by 16.0%.
In March, China’s exports fell on an annualized basis unexpectedly, which led to the country’s trade deficit. However, most analysts attributed data for March to seasonal factors, saying that it is too early to consider a trend as a one-month report.
On Thursday, there will also be data on consumer price inflation and producer prices in China. According to analysts’ forecasts, last month consumer prices rose by 1.9%, and producer prices – by 3.4%.
Also, investors will remain focused on trade negotiations between the US and China.
On Friday, the visit of the American delegation to China ended, which did not lead to any noticeable progress in resolving the trade conflict between the two economic locomotives of the world. (Investing.com)
Stay up-to-date, the strong news on one of the most developed countries in the world can significantly affect the state of the market!
Have a good evening!
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