DAX: A slightly unsteady attempt at continuing Tuesday’s bounce yesterday..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

China exports grow while imports slow Certainly, not buying US soybeans

Chinese July trade data published this morning showed a surplus 310 billion yuan, equivalent to US $45 billion – but who knows for how long as this exchange rate has fluctuated quite a bit over the last week. Exports grew 3.3 per cent during the month as opposed to a 1.3 per cent drop in June, taking the annualised rate to 10.3 per cent, and a lot better than June’s 6.1 per cent growth. Meanwhile imports fell 5.6 per cent in July having fallen by 7.3 per cent in June; the annualised rate now stands at a meagre 0.4 per cent growth reversing June’s 0.4 per cent decline.

Yesterday the US Consulate General in Hong Kong and Macau posted on its website an advisory for US visitors to the region, raising the level to 2 out of 4 points. This is because of the demonstrations, which sometimes can be violent, don’t seem likely to end soon. Ironically Venezuela and Uruguay yesterday issued warnings to their citizens planning on travelling to the US. Following the mass murder in El Paso they felt Spanish speaking people might be targets of hate crime.

Financial Markets and Political Commentary
 

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