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Germany: Trade surplus widens more than expected in December

German Trade surplus s.a. widened to €16.8 billion in December from €14.6 billion in November, according to data released today by Destatis. Analysts expected the surplus to widen only to €14.8 billion.

German Current Account n.s.a. surplus widened to €17.3 billion in December, from €16.2 billion in November and above forecasts of widening to €17 billion.

German Exports increased 0.3%, in comparison with the 2.2% drop, below market consensus of +1.3. German Imports declined 1.3%, following a 3.8% fall and against forecasts of a 1.4% increase.

Forex: EUR/USD eases below 1.3400 on German data

The euro has slipped below the 1.3400 handle on Wednesday, after the German trade surplus has widened to €16.8 billion in December from €14.6 billion in the previous month. Of note was the marginal expansion...
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Asian markets rise on China trade data, Nikkei kills weekly winning streak

Japan's Nikkei Stock Average fell again on Friday, -1.80% , putting an end to the weekly winning streak that was lasting for 12 weeks. However, most Asian equity indexes moved higher: Hong Kong's Hang Seng (+0.23%), China's Shanghai Composite (+0.51%), South Korea's Kospi (+0.99%), India's Bombai Sensitive (+0.26%) rose on Friday. Investors cheered China's trade data, with both imports (25.0% vs 17.0% consensus) and exports (28.8% vs 23.3% consensus) coming in higher than expected in January, as well as the trade surplus (29.2B vs 22.0B consensus).
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