China: Exports and imports likely to deteriorate in June - TDS
|Analysts at TD Securities are looking for a deterioration in both exports and imports of China in June, with the former likely to drop by -3.0% and the latter by -9.2%.
Key Quotes
“Weakness in trade continues to be signalled by forward looking indicators, with both new export orders and imports PMI, falling further into contraction territory in June.”
“Additionally, exports from Korea to China continue to weaken, plunging by 24% y/y in June while imports are not much better, rising by only 1.2% y/y in the same months, adding further evidence to a softening in Chinese trade.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.