Highlights
- Inflation figures from China signal a possible shift in demand.
- China exports jumped in December, but imports signaled a weak demand outlook.
- Later today, US producer prices and Fed chatter need consideration.
On Friday, inflation and trade data from China garnered investor interest.
China Trade Terms Turn Positive
The trade surplus for China (US dollars) widened from $68.39 billion to $75.34 billion in December. Economists forecast a $74.75 billion surplus. Significantly, exports were up 2.3% year-over-year after being up 0.5% in November. Economists forecast a 1.7% increase in exports. Imports increased by 0.2% after being down 0.6% in November. Economists forecast a 0.3% increase in imports.
The latest trade data aligned with inflation numbers from…
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