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8 Sep 2015
Key release from Chinese economy - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted that that China reported August trade overnight and notes forthcoming key releases.
Key Quotes:
"Exports came in at -6.1% y/y vs. the expected -6.6% y/y while imports came in at -14.3% y/y vs. the expected -7.9% y/y."
"Trade data from other EM countries so far has been very weak, so there were downside risks to the China data. China reports August CPI and PPI Thursday. The former is expected to rise 1.8% y/y vs. 1.6% in July, while the latter is expected to fall -5.6% y/y vs. -5.4% in July.
With the data still softening, we expect further stimulus measures from China."
Key Quotes:
"Exports came in at -6.1% y/y vs. the expected -6.6% y/y while imports came in at -14.3% y/y vs. the expected -7.9% y/y."
"Trade data from other EM countries so far has been very weak, so there were downside risks to the China data. China reports August CPI and PPI Thursday. The former is expected to rise 1.8% y/y vs. 1.6% in July, while the latter is expected to fall -5.6% y/y vs. -5.4% in July.
With the data still softening, we expect further stimulus measures from China."