Market Comment | China’s trade data increase market concerns about the cycle

Summary

Disappointing trade data in China. China’s exports dropped in April against estimates of their remaining unchanged (by -1.8%YoY) after the surge in the previous month (by 11.5% YoY). In the same way, imports plunged by more than expected (by 10.9% YoY; consensus: -4.0%) Better than expected German data. German factory orders increased by more than […]

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