News Headline Summary

Chinese Trade Balance (USD)(Nov) 19.63bln vs. Exp. 26.85bln (Prev. 31.99bln, Rev. 32,05bln)

- Exports (Nov) Y/Y 2.9% vs. Exp. 9.0% (Prev. 11.6%)
- Imports (Nov) Y/Y 0.0% vs. Exp. 2.0% (Prev. 2.4%)
- China Jan-Nov Iron Ore Imports 670mln tons, up 8.2% on year.
- China November seasonally adjusted exports rise 3.8% on year; rise 3.2% on month.
- China November seasonally adjusted imports fall 0.3% on year; fall 6.6% on month.

Reaction details (03:19)

- AUD/USD immediately spiked lower by 18 pips from 1.0484 to 1.0466, trades 1.0470 (-17 pips) last.
- WTI moved down USD 0.15 from USD 86.21 to USD 86.06.

Analysis details (03:23)

- This numbers are disappointing particularly the export number as China relies heavily on exports. This may signal some dropping demand for Chinese goods.

10 Dec 2012 - 03:13 - - Source: Newswires

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