China October trade data:
- Yuan denominated exports -0.8% y/y (prior +8.4%)
- Yuan denominated imports +1.4% y/y (prior +7.5%)
USD denominated exports -1.1% y/y, an unexpected drop
- expected +3%, prior +8.3%
USD denominate imports +1.0% y/y, growth but missing estimates
- expected +3.2%, prior +7.4%
USD Trade Balance+$90.07bn
- expected +$95.60bn, prior +$90.45B
China’s trade surplus with the US in October was 24.76 bn USD
- prior surplus was a 22.82 bn USD surplus in September