Wednesday, 26 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Chinese Trade Slumped in February on Trade War, Holiday Shutdown
Friday, 8 March 2019 14:56 WIB | ECONOMY |

China™s exports fell in February and imports also weakened due to the Lunar New Year shutdown and continued uncertainty from the trade war.

Exports dropped 20.7 percent to $135 billion in February while imports fell 5.2 percent, the customs administration said Friday. Economists forecast both exports and imports would shrink, although not by as much. That left a trade surplus of $4.12 billion.

It™s the biggest slump in exports since February 2016. Like this year, the week-long holiday fell earlier in the month in 2016 than it had in the prior year. That means orders are ramped up in January to beat the factory closures.

Averaged across January and February to smooth out the holiday effect, exports declined 4.7 percent from the same period in 2018.

Source : Bloomberg

RELATED NEWS
US: Consumer confidence deteriorates in June, USD edges lower...
Tuesday, 25 June 2019 21:20 WIB

The monthly Consumer Confidence Survey published by the Conference Board today revealed that the consumer confidence weakened in June with the headline Confidence Index dropping to 121.5 in June from ...

UK Retail Sales Arrive at -0.5% m/m in May, Meet Estimates...
Thursday, 20 June 2019 15:54 WIB

The UK retail sales came in at -0.5% over the month in May vs. -0.5% expected and -0.1% previous. The core retail sales stripping the auto motor fuel sales stood at -0.3% m/m vs. -0.5% expected and -0...

U.K. Inflation Returns to BOE Target on Air Fares, Car Prices...
Wednesday, 19 June 2019 15:53 WIB

Falling air fares and car prices saw U.K. inflation return to the Bank of England™s target last month. Consumer prices rose 2% from a year earlier, down from 2.1% in April, the Office for Nati...

Retail sales look strong, with a solid gain in May and upward revision to prior month...
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales in...

Australian Employment Rose 42,300 in May; Estimate 16,000 Gain...
Thursday, 13 June 2019 08:50 WIB

Australia central bank ended an almost three-year pause last week, resuming interest rate cuts to try to drive the jobless rate down toward 4.5% -- its new estimate of full employment -- and revive in...

LATEST NEWS
Hong Kong Stocks Drop More Than One Percent (Review)

Hong Kong shares fell more than one percent Tuesday, hit by concerns over rising Iran-US tensions and as investors await this week's crucial trade talks between Donald Trump and Xi Jinping. The Hang Seng Index sank 1.15 percent, or 327.02 points,...

Nasdaq catat penurunan beruntun 3 hari pasca Powell menekankan sikap wait-and-see ' pada suku bunga

Saham AS merosot lebih rendah pada Selasa pasca Ketua Federal Reserve Jerome Powell mengatakan bank sentral masih memantau ekonomi untuk tanda-tanda kelemahan dan akan berusaha untuk menghindari reaksi spontan dalam hal pemotongan suku bunga...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel...

POPULAR NEWS
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six...

Gold notches a third straight session gain, its second above $1,400
Tuesday, 25 June 2019 01:25 WIB

Gold futures climbed sharply on Monday, extending their streak of gains to a third consecutive session. Weakness in the U.S. dollar and 10-year...

Gold Prices Up as U.S.-Iran Conflict Fuels Safe-Haven Demand, Trades Above $1,400
Monday, 24 June 2019 12:57 WIB

Gold prices rose on Monday in Asia and traded above the key $1,400 level amid intensifying conflicts between the U.S. and Iran. Gold futures for...

Gold Continues Rally, Pushing Further Past $1,400
Monday, 24 June 2019 18:59 WIB

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the...