U.S. Trade Deficit Highest in 10 Years With Record China, Mexico and EU Gaps

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #20060
    TradersCom
    Keymaster

    The US trade deficit in December rose from…

    [article]1409[/article]

    #20072
    TradersCom
    Keymaster

    ECB Draghi in opening statement:

    Some idiosyncratic factors hurting growth are starting to fade
    Incoming data have continued to be weak, particularly in manufacturing
    Other factors will extend through the year
    Protectionism and political tensions are weighing on sentiment
    Slowdown is largely due to slower external demand but also country-specific factors
    Risks to economic outlook still tilted to the downside

    … pick which ones are related to trade war efforts…

    #20073
    TradersCom
    Keymaster

    [color=orange][b]Trade War seems to be helping Australian Trade:
    [/b][/color]

    Australia Balance of Trade at A$4.549B

    Australia’s trade surplus surged to AUD 4.55 billion in January 2019 from an upwardly revised of AUD 3.77 billion in the previous month, easily beating market consensus of a surplus of AUD3 billion.

    This was the second largest trade surplus on record, as exports jumped 5 percent month-over-month to a new all-time high of AUD 39.94 billion while imports grew at a softer 3 percent to AUD 35.39 billion.

    Balance of Trade in Australia averaged -494.96 AUD Million from 1971 until 2019, reaching an all time high of 4673 AUD Million in December of 2016 and a record low of -4314 AUD Million in April of 2015

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.