FXstreet.com (Barcelona) – China imports have tightened 12.7% to 6.3% in June, while exports were wider than the expected 9.9%, at 11.3%, pointing to a growing trading surplus from 18.7B to 31.73B (consensus of 21.0B). Although it’s positive in one way, it clearly shows that China is not helping global growth.
South Korea’s Kospi, Australia’s S&P/ASX 200, China’s Shanghai Composite, Hong Kong’s Hang Seng, and Japan’s Nikkei Stock Average all fell between -0.02% and -0.52%.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower open by -0.28% and -0.10%. WTI crude oil is down by -1.45% and Gold by -0.28%, at 78.75 and 1584.