Market Comment | Global stocks advance despite weak China data

  China’s recessionary trade surplus, a widening trade surplus resulting from a mix of weak exports and even weaker imports, continued in August. In particular, exports registered a YoY decline of -5.5% in August, narrowing from -8.3% YoY in July and below our expectations (BBVA: -3.0% YoY, consensus: -6.6% YoY). The currency factor continued to weigh on […]

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