Kay Van-Petersen
Australia’s Q3 CPI figures proved positive, says Saxo Capital Markets’ global macro strategy Kay Van-Petersen, but the banks didn’t appear to be buying it.
Editor’s Picks 08 August 2016 at 5:13 GMT

China exports tumble more than expected in July

China's exports and imports fell more than expected in US dollar-denominated terms in July, reviving concerns over the economic outlook both at home and abroad. In July, exports fell 4.4% on-year, while imports fell 12.5% in US dollar terms. Analysts polled by Reuters had forecast declines of 3.0% and 7.0% respectively. The trade figures will again steer attention to China's economy, which slowed to a 25-year low in 2015, as improvements in consumption failed to offset a marked slowdown in China's traditional economic drivers. A fall in commodity prices likely also hurt import figures in July.
Read full article at CNBC


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