- 06 Mar '19 at 4:30 pm #20060
The US trade deficit in December rose from…
[article]1409[/article]07 Mar '19 at 9:11 pm #20072
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…07 Mar '19 at 9:15 pm #20073
[color=orange][b]Trade War seems to be helping Australian Trade:
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
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