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China’s May Export Missed Expectations
The General Administration of Customs released import and export data for May today, with exports in US dollars recording a -7.5% growth rate YoY. Market expectations were around -1%, while last month’s figure was 8.5%. Although no one expected China’s high export growth from March to April to continue, and the backlog of export orders…
Oil News Wrap for Oct. 20
Chart of the Day Oil Market Oil prices slipped for a fourth straight day on worries about a resurgence of coronavirus cases globally stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply in the market. Worried about weak oil demand, OPEC pledges action OPEC and allied producers on…
Winter is Coming
Chilling charts as temperatures tumble. -From HSBC’s latest research As the northern hemisphere heads into winter, with darker evenings and colder weather, the hard economic data looks set to follow suit. Having seen many upside surprises in activity data across the world over the summer (see: Surprise Indices, 14 October 2020), the outlook has clearly…
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