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Chinese stocks fall despite trade data relief – business live

Discussion in 'Market News' started by Lily, Jan 13, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the day’s financial news, as China defies pessimism by reporting a surprise rise in exports in December

    7.56am GMT

    Other Asian markets have performed well today, with Japan’s Nikkei jumping by almost 3%.

    It does appear that investors are a little less anxious about the state of the world economy today, after such a rough start to 2016.

    7.52am GMT


    7.48am GMT

    The Chinese stock market has suffered fresh losses today, despite today’s forecast-beating trade figures.

    A late sell-off leaves Shanghai stocks sitting just 0.8% above August's bear market low https://t.co/YxXLXn1YFM pic.twitter.com/EXvJdI9GA9

    7.37am GMT

    Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business.

    While Europe was sleeping, China has wrong-footed analysts by reporting better-than-expected trade figures.

    #BREAKING China releases trade data for December in CNY. Exports unexpectedly rebound 2.3%, imports drop less than expected at -4%

    Customs spokesman Huang Songping warned at a news conference that China’s trade faced “many challenges” in 2016 due to weak external demand, Reuters reported.

    One of the main reasons for China’s lower exports in 2015 was weak external demand, he added. The 5% fall in the value of the yuan since last August had helped support exports but the impact would begin to fade, he said.

    Our European opening calls: $FTSE 5977 up 48 $DAX 10112 up 127 $CAC 4426 up 47 $IBEX 9002 up 87 $MIB 20133 up 163

    Sainsbury's results - sales down slightly at stores open at least a year exc fuel - down 0.4% for 15 wks to Jan 9

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