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"trade balance" Definitions
  1. the difference in value between imports and exports
"trade balance" Synonyms
balance of payments trade deficit trade gap balance of trade bop visible balance

683 Sentences With "trade balance"

How to use trade balance in a sentence? Find typical usage patterns (collocations)/phrases/context for "trade balance" and check conjugation/comparative form for "trade balance". Mastering all the usages of "trade balance" from sentence examples published by news publications.

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But it should be global multilateral and not only trade balance but service-trade balance, income account balance, and so on, so forth.
China is also scheduled to report its trade balance overnight.
The country's trade balance in January had been $39.16 billion.
The country's trade balance in January had been $20183 billion.
Trump's moves are threatening to disrupt the industry's trade balance.
The policy prescription calls for a trade balance serenity prayer.
KEY FIGURES DUTCH TRADE BALANCE Imports 30.186 28.889 (28.836) 28.875 Exports 34.138 33.153 (33.310) 34.123 Trade balance +3.952 4.264 (+4.474) +4.930 ** Merchandise trade in billions of euros ** Figures in brackets are previously reported numbers.
Finland's monthly trade balance showed a deficit of 100 million euros.
ET. Canada's trade balance data is due at 8:10003 a.m.
ET. Canada's trade balance data is due at 8:30 a.m.
The U.S. February trade balance is due at 08:30 a.m.
Exports seen +0.4%, imports unchanged, trade balance at 18.1 billion euros.
Finland's monthly trade balance showed a deficit of 265 million euros.
Public spending policy has a direct effect on the trade balance.
The trade balance fluctuated but held steady during the Obama administration.
The trade balance data does, in fact, include oil and lumber.
The Chinese position on the trade balance has a certain validity.
ET. Canada's trade balance data is due at 0.63:30 a.
U.S. International Trade in Goods & Services Trade Balance 8:30 a.m.
Harumi Taguchi, principal economist at IHS Global Insight, said in a note that Japan's seasonally adjusted trade balance remained in a surplus, while official data showed non-seasonally adjusted trade balance for January was in deficit.
German June trade balance 21.2 bln euros vs poll avg 21.0 bln.
Jobs data and trade balance data are due at 0.93:30 a.m.
Government data later on Thursday showed a record trade balance in May.
That brought the month's trade balance to a surplus of $2.44 billion.
But this will have a modest impact on the bilateral trade balance.
Canada's trade balance data for April is due at 08:30 a.m.
Separately, the statistics agency of Mexico releases trade balance data for February.
Border adjustments alone should not be expected to change the trade balance.
Time: 6:16 GMT German September trade balance due at 0700 GMT.
A bilateral trade balance is the wrong way to measure trade relationships.
German July trade balance 19.4 bln eur vs expected 22 bln eur.
Second, America's free trade agreements (FTAs) actually improve the country's trade balance.
German June exports +0.3 pct, imports +1.0, trade balance 24.9 bln euros.
ET. Trade balance data for July is due at 08:30 a.m.
The country's total trade balance in September was $39.65 billion, Reuters said.
ET. Trade balance data for November is due at 8:30 a.m.
The total trade balance in September was said to be $39.65 billion.
The changes will be effective on November trade balance numbers, it added.
ET. Trade balance data for December is due at 8:30 a.m.
The U.S. has never achieved a trade balance with our NAFTA competitors.
There's nothing magical about VATs not deducting wages that changes the trade balance.
The trade balance and building permits data are due at 8:30 a.m.
ET. Data on trade balance for December is due at 08:30 a.m.
The seasonally adjusted trade balance was unchanged at 21.3 billion euros ($26.22 billion).
Policymakers committed to improving our trade balance should stay committed to Brand USA.
China's February trade balance was also significantly weaker than expected at $4.12 billion.
It was the first negative trade balance to be reported since October 2018.
ET. Trade balance, exports and imports data are due at 8:45.53 a.m.
Travel, a services export, has a net-positive trade balance of $77 billion.
History suggests that the net effect on the trade balance will be minor.
Besides GDP, the advance goods trade balance is due at 8:30 a.m.
And when it comes to the trade balance, no ally will be spared.
The South African Revenue Service will publish July trade balance numbers on Friday.
Also today: The US trade balance for November hits at 8:30 a.m.
Also today: The US trade balance for September arrives at 8:30 a.m.
Also today: The US trade balance for October arrives at 8:30 a.m.
To get there, the U.S. should end its fixation with our bilateral trade balance.
ET. Employment change data and trade balance numbers are due at 08:30 a.m.
December's trade balance stood at $40.82 billion, versus $44.61 billion in the previous month.
That is unpopular with the public, and has contributed to a deteriorating trade balance.
We can do that and that will help the trade balance and everything else.
Trade balance for October was $42.81 billion, compared to analyst forecasts of $40.83 billion.
The trade balance calculates a country's exports minus its imports in a given period.
Thus, the only acceptable way to reach better trade balance is through export growth.
The positive trade balance is sure to attract the attention of the Trump administration.
S.KOREA SAYS DEC TRADE BALANCE AT PROVISIONAL $+2.02 BLN VS $+3.34 BLN IN NOV
U.S. trade balance came to $63.2 billion, lower than the estimates of $68.8 billion.
On the data docket today: US trade balance and factory order data are due. 
The resulting trade balance was narrower at $6.9 billion than the estimated $7.11 billion.
A positive trade balance is a surplus and a negative balance is a deficit.
Trade balance was forecast to be $37 billion in December against $40.21 in November.
S.KOREA SAYS NOV TRADE BALANCE AT PROVISIONAL $+3.37 BLN VS $+5.34 BLN IN OCT
In light of the trade balance effects of major acquisitions, such as aircraft or defense products, international customers often require U.S. vendors to purchase goods from them in order to "offset" the trade balance effects large purchases have on their trade flows.
With lower taxes in America accountants might shift "production" back home, improving the trade balance.
Aside from the jobs report, the trade balance will be released at 8:30 a.m.
China's August trade balance was $41.99 billion, data from the General Administration of Customs showed.
And the country's trade balance would be worse off with a decline in foreign students.
The US Census Bureau will release its October trade balance report at 8:30 a.m.
For comparison, Mexico is listed at minus $2.3 billion in trade balance for machine tools.
If our overall trade balance is negative, we are spending more than we are earning.
S.KOREA SAYS JAN TRADE BALANCE AT PROVISIONAL $+0.62 BLN VS $+2.02 BLN IN DEC 2019
Two numbers will shed light on the bigger picture: China's trade balance and annual growth.
The trade balance for May showed a surplus of about 290 million euros ($330.92 million).
The currency remains stable, exports continue to boom and the trade balance is in surplus.
ET. Unemployment, trade balance, export, import data are scheduled for release at 8:37.83 a.m.
Both had run large deficits on the current account, a broad measure of the trade balance.
In their view, the success of these deals is measured by the trade balance that results.
The seasonally adjusted trade balance was unchanged at 21.3 billion euros ($26.22 billion), the data showed.
One NAFTA member already has experience of trying to engineer a better trade balance by fiat.
German January trade balance rose to 18.5 bln euros, with exports +3 pct, imports +2.7 pct.
"Yen-buying has been increasing because of an improvement in the (Japanese) trade balance," Okagawa said.
Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion.
At the same time, those retaliatory measure would prevent any improvement in the U.S. trade balance.
And the 'asks' were huge: North Korean nuclear disarmament and a considerable improvement in trade balance.
Patricia Cohen On Tuesday, the Commerce Department will report data on the trade balance in October.
The 20083s saw a radical shift in the trade balance when it comes to television series.
The 2010s saw a radical shift in the trade balance when it comes to TV series.
The trade balance for goods narrowed to 12.1 billion pounds from 15.4 billion pounds in March.
The trade balance grew to USD1.5bn in April 2016 versus a deficit of USD3bn a year prior.
As a result, trade balance will likely show a 50 billion yen ($451.02 million) deficit for July.
January figures on the U.S. trade balance in goods and services are scheduled for release Tuesday morning.
Turkey does not therefore need as big a devaluation for the same improvement in its trade balance.
ET. Also today: Details on the US trade balance for August also post at 8:30 a.m.
Trump did, however, press Xi hard on improving the trade balance between the two countries on Thursday.
Investors are keeping a watchful eye on China trade balance data later on Wednesday, Le Brun said.
Second, the broadest measure of the trade balance, the current account, is equal to savings minus investment.
Ultimately, controlled immigration will improve America's international competitiveness - which over time should also improve its trade balance.
The Germans told Trump that, if you take the whole trade balance, it's actually in America's favor.
The trade balance is included in the balance of payments, similar to a firm's cash flow statements.
So, we're going to get a really good lift there and an improvement in the trade balance.
Two numbers next week will shed light on the bigger picture: China's trade balance and annual growth.
China's July trade balance was $46.74 billion while the country's surplus with the U.S. was $25.2 billion.
Earnings and economics: A report on the US trade balance will be released at 8:30 a.m.
He added that Trump and President Xi Jinping were in agreement that the trade balance should fall.
The real exchange rate then adjusts to ensure that the trade balance offsets these desired capital flows.
The trade balance came to a deficit of 737.3 billion yen for the second straight month of shortfalls.
This was driven by an improvement in the trade balance, and export volumes have grown strongly in 0003Q17.
Also, the USITC estimates that each of America's trade deals has tended to improve the bilateral trade balance.
Since no tweak to KORUS could produce the trade balance that the Trump administration wants, this seems wise.
Xinhua reported that Liu is eager to discuss issues such as trade balance, market access and investor protection.
Real economic growth in January-April was 2.1%, while the trade balance was in surplus by $2.5 billion.
At first China was told that the problem was the trade balance, and offered to buy American goods.
The trade balance dropped to 14.8 billion euros from 18.7 billion euros in January from the previous month.
German February trade balance at 19.8 bln, higher than the 18.5 bln euros forecast in a Reuters poll.
Last year imports fell 9.2 percent, the NBS said adding that the decline helped mitigate a trade balance.
Most importantly, Mexico's agrifood and fisheries trade balance registered a surplus for the first time in many years.
That brought the October trade balance to a $5.39 billion surplus, versus a $5.98 billion surplus in September.
Jack Ewing On Wednesday, the Commerce Department will report the data on the nation's trade balance in May.
This creates opportunity and jobs in the United States and also improves our trade balance with other nations.
This should ensure greater self-sufficiency as well as a healthier trade balance with a shift towards exports.
Overall, China's April trade balance was a positive $28.78 billion, topping a Reuters poll prediction of $24.7 billion.
Our trade balance was better with both countries before NAFTA because the agreement spurred more imports than exports.
This is because arithmetically a country's trade balance is the difference between its saving and its investment rates.
Exports had been +1.0 pct m/m, imports +0.4 pct m/m, trade balance at 22.4 billion euros.
Yet invoking the fairness theme, the Trump administration has two operational goals: seek bilateral trade balance and reciprocity.
Liu said Thursday that the talks next week will focus on trade balance, market access and investor protection.
That brought the October trade balance to a $5.39 billion surplus, versus a $5.98 billion surplus in September.
PETER, TODAY WE HAD THE MOST RECENT READ ON THE TRADE BALANCE, WHICH OF COURSE IS A DEFICIT.
For the country to improve its trade balance, the president's going to have to do a lot more.
The trade balance with China, a focus of President Donald Trump's trade policy, showed the deficit shrinking by 28.2%.
They said the advanced goods trade balance showed a deficit of $56.1 billion, about $0.83 billion lower than expected.
In Indonesia, it could lower the trade balance by 0.2 percent of GDP and add 10 bps to inflation.
Historically, sharp trade balance adjustments have presaged currency gains of 60 percent to 70 percent over the following year.
The current account surplus narrowed by around 20% yoy in 1H16, to USD6.3bn, because of a worsening trade balance.
"The improvement of the trade balance is driven by imports and not by exports," Dekabank analyst Andreas Scheuerle said.
The trade balance shrank to 19.4 billion euros from a downwardly revised reading of 21.6 billion euros in March.
Abroad, the focus will be on the Eurozone, where we'll get October's Consumer Price Index and trade balance readings.
Here, a positive trade balance for a country means that the country exports more machine tools than it imports.
For many years, the United States trade balance has been negative, meaning that total imports have exceeded total exports.
If our overall trade balance is positive, we are spending less than we are earning, meaning we are saving.
The United States has hit the European Union with tariffs and threatened more in complaint over the trade balance.
Mr. Trump often ignores trade in services — like finance, technology and law — when making claims about the trade balance.
But a trade balance between just two countries doesn't matter — it is the overall U.S. trade deficit that matters.
"Textbooks say that when your exchange rate depreciates, your exports will increase and improve your trade balance," Kuroda said.
In the foreign exchange market, news of deterioration in China's trade balance stoked safe-haven demand for the yen.
The trade balance posted a deficit of 82.1 billion yen, versus a 369.0 billion yen shortfall seen by economists.
The trade balance posted a deficit of 82.1 billion yen, versus a 369.0 billion yen shortfall seen by economists.
Ultimately what matters more than the magnitude of any bilateral trade balance is the strength of the overall economy.
The trade balance hit a surplus of 692.8 billion yen versus a 494.8 billion yen surplus seen in the poll.
Even with strong domestic demand growth, Sweden retains a structural surplus in both its trade balance and current account (CA).
So, a rapidly improving trade balance is the only thing that could serve as a strong prop to U.S. economy.
The Commerce Department said its advance reading on trade balance of goods showed a deficit of $63.3 billion last month.
German May trade balance 20.3 bln euros seasonally adjusted, with exports +1.4 pct m/m, imports + 1.2 pct m/m.
Rising exports, he said, do not reflect the reality of Morocco's dependence on imports that weigh on the trade balance.
The trade balance came to a deficit of 1.4152 trillion yen, versus a 1.011 trillion yen shortfall seen by economists.
Exactly what the intended purpose of such a tax would be remains unclear — To achieve trade balance by reducing imports?
DATA AHEAD (GMT) 1330 U.S. International trade balance (DEC) (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Shreejay Sinha)
Clearly, China's disproportionately low consumption rate makes it difficult for the U.S. to have an equal trade balance in goods.
The trade balance of goods swung to a deficit of C$1.82 billion, with larger trade gaps with non-U.
Trump has leveled criticism at Mexico and has threatened to levy high tariffs on products to equalize the trade balance.
The trade balance is mainly determined by macroeconomic factors such as savings rates, and trade policy is the wrong focus.
And if you look at our trade balance, there's one geographic source of our imbalance and that's most importantly China.
That could aggravate President Donald Trump's frequent complaints that the trade balance between the two nations hurts the U.S. economy.
This is an accounting relationship, called the trade balance, and it does not tell the full story of economic activity.
The benefits of this surge in production go well beyond cheaper gasoline, an improved trade balance and a stronger economy.
Economists had forecast China's overall trade balance to widen to only $27.61 billion in June from $24.92 billion in May.
A stronger dollar makes American exports more expensive and imports cheaper, which in turn pushes the trade balance toward deficit.
I mean, maybe ideal, e-- everybody would have the total trade balance, but it isn't gonna work that way, obviously.
Chile's trade balance in December hit $1.46 billion, as imports fell sharply in December to $5.18 billion, the bank said.
The dollar could rise by, say, 20 to 25 percent, and the trade balance could remain about where it started.
The first is that a country's trade balance is arithmetically the difference between what it saves and what it invests.
The trade balance was surplus of 139.6 billion yen, compared with the median estimate for a shortfall of 50.0 billion yen.
America's overall trade balance with the rest of the world is not affected by a switch to a value-added measure.
And by boosting Russia's competitiveness, it helped to offset the damage that lower oil prices inflicted on the country's trade balance.
German February trade balance 21.0 bln euros, with imports down 1.6 pct and exports up 0.8 pct m/m seasonally adjusted.
But studies of tariffs show that though they reduce trade, they do not reliably increase the tariff-raising country's trade balance.
The overall trade balance swung to a deficit of 943.4 billion yen ($8.87 billion), the first trade deficit in eight months.
China publishes a slew of data this week, including December gross domestic product, Chinese lending and trade balance data, and inflation.
"Textbooks say that when your exchange rate depreciates, your exports will increase and improve your trade balance," Kuroda told a seminar.
The trade balance came to a surplus of 670.2 billion yen, versus the median estimate for a 559.8 billion yen surplus.
UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data are all due at 9.30 GMT.
The trade balance was deficit of 444.6 billion yen, largely matching the median estimate for a shortfall of 468.7 billion yen.
Japan's trade balance, however, registered a deficit of 203.4 billion yen ($1.83 billion), compared to the 76 billion yen surplus expected.
Historically, when the U.S. introduces protection, it has typically not led to an improvement in the trade balance, rather the opposite.
"If you look at our trade balance, there's one geographic source of our imbalance and that's most importantly China," he added.
The result is a deteriorating trade balance: a decline of a trade surplus, or, most frequently, an increase in trade deficits.
In terms of data, euro zone trade balance numbers came in lower than expected with exports dropping 2.4 percent in October.
Analysts at Barclays estimate that every dollar decline in oil prices implies a $70 million net loss in the trade balance.
On the same day, Beijing will publish its trade balance, including the politically sensitive surplus it has with the United States.
Our nation has never been just a beacon for profit-making, which only measured countries by their trade balance with us.
French trade balance figures came in at -5.89 billion euros ($6.66 billion) in January versus a revised -3.72 billion in December.
As America's trade balance sagged and inflation rose in the 1960s and 1970s, faith in the dollar's peg to gold waned.
The most comprehensive measure of our trade balance is called the "current account," which includes all trade in goods and services.
"For the last 20 years, soybeans have contributed more to the U.S. trade balance than any other agricultural product," he said.
The trade balance came to a deficit of 203.4 billion yen, versus the median estimate for a 76.0 billion yen surplus.
SO ANYTHING THAT CHANGES THEIR FAVORABLE TRADE BALANCE WITH US GIVES THEM A LITTLE ANXIETY, AND, FRANKLY, THAT'S A GOOD THING.
The trade balance was also narrower than expected, at -$64 billion from -$66 billion, reducing the drag from trade in GDP.
Overall, China's trade balance for 2017 was a surplus of $422.5 billion —CNBC's Huileng Tan and Reuters contributed to this report.
Imports will still be lower, but so will exports: you end up with the same trade balance, but with less trade.
The United States is currently threatening a trade war with Beijing in a bid to cut its own trade balance with China.
The trade balance stayed in deficit in the December quarter, narrowing to $34.0 billion from $37.4 billion in the previous three months.
Without NAFTA, Mexico trade experts say U.S. products would face higher tariffs to enter Mexico, which could further skew the trade balance.
And if the trade balance looked favourable, it was only because the government banned many imports and rationed access to foreign exchange.
Improving the U.S. trade balance by generating more export sales could greatly help Mr. Trump's efforts to revive the economy's growth dynamics.
The trade balance came to a deficit 967.1 billion yen ($8.91 billion), versus the median estimate for a 979.2 billion yen shortfall.
The effect on the trade balance, the focus of Mr Trump's "America First" policy, was already dramatic even before he took office.
However, analysts still expect a less favorable trade balance for China in coming months given it's early days in the tariff brawl.
If energy prices were higher, the trade balance of the German economy which relies on oil imports would look different, she said.
Hungary reported a 210.14 million-euro surplus in its January trade balance on Monday, below forecasts for a 211.74 million-euro surplus.
In 2018, the deficit was reduced to $2.3 billion and the country expects an energy trade balance in 2019, the secretariat said.
The trade balance likely stood at 330.0 billion yen ($2.93 billion) in October, narrowing from a revised 667.7 billion yen in September.
With a negative trade balance last year of $70 billion, NAFTA has led to a loss of some 4 million U.S. jobs.
The overall trade balance came to a surplus of 614.7 billion yen versus the median estimate for a 575.8 billion yen surplus.
The trade balance was a deficit of 578.3 billion yen ($5.23 billion), versus the median estimate for a 235.0 billion yen deficit.
While the president is right to worry about the trade balance, he is terribly wrong to seek reducing trade with other countries.
Our overall trade balance is the sum of all our bilateral trade balances with everyone else — restaurants, The Times, and so on.
A White House spokesman said the $800 billion deficit figure that Mr. Trump has cited refers to the trade balance in goods.
RIC=CNTRD%3DEC I trade balance data * China Aug exports seen +2.0% y/y, imports -6% y/y * Data due Sunday, Sept.
Analysts still expect a less favorable overall trade balance for China in coming months given it's early days in the tariff brawl.
On Thursday, the president refused to back down from the erroneous claim about the trade balance between the United States and Canada.
More important, the trade balance seems to have been helped by special circumstances, many of them related to Mr. Trump's trade war.
"Tourism is one of the few areas where the U.S. has a positive trade balance," said Adam Sacks, president of Tourism Economics.
The trade balance came to a deficit of 123.0 billion yen ($1.14 billion), versus a 54.0 billion yen surplus seen by economists.
The trade balance came to a deficit of 123.0 billion yen ($1.14 billion), versus a 54.0 billion yen surplus seen by economists.
This week, the government also reported positive figures on orders for durable goods in June and a slightly more favorable trade balance.
"It won't materially change the U.S.-Mexican trade balance or increase trade between the two countries," Zandi said in an e-mail.
The strong headline GDP figure was driven instead by an improvement in the trade balance in the quarter and faster inventory accumulation.
The trade balance came to a surplus 152.5 billion yen ($1.29 billion), versus the median estimate for a 227.4 billion yen surplus.
The upshot was a rise in the trade balance to 18.7 billion euros ($20.99 billion) from 16.9 billion in the prior month.
"Vietnam has made efforts to improve the bilateral trade balance, and promotes the imports of U.S. goods that Vietnam needs," Hang said.
The trade balance came to a surplus of 60.4 billion yen ($546 million), versus the median estimate for a 203.2 billion yen surplus.
The trade balance came to a deficit of 1.09 trillion yen ($9.66 billion), versus the median estimate for a 636.8 billion yen deficit.
Specifically, that includes data from the Census Bureau and Bureau of Economic Analysis on new home sales, the trade balance and wholesale inventories.
The trade balance was at a surplus of 297.383 billion yen ($296 billion), compared with a 494.8 billion yen surplus expected, said Reuters.
That resulted in a trade balance of $5.15 billion, wider than Reuters' estimate for $2.78 billion and marking the third month of surplus.
The trade balance swung to a deficit of 18.7 billion yen ($184 million), versus the median estimate for a 202.3 billion yen surplus.
The trade balance swung to a surplus of 498.3 billion yen ($4.80 billion), versus the median estimate of a 341.8 billion yen surplus.
The trade balance came to a surplus of 496.2 billion yen ($4.47 billion), versus the median estimate for a 615.4 billion yen surplus.
The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China.
The trade balance came to a deficit of 1.415 trillion yen ($12.79 billion), versus the median estimate for a 1.011 trillion yen deficit.
The agency also revised its January trade balance to a deficit of $88 million compared to a deficit of $106 announced last month.
The trade balance came to a surplus of 813.4 billion yen ($7.3 billion), versus the median estimate of a 822.0 billion yen surplus.
Slowing global growth is causing a reduction in demand for U.S. goods, while a stronger dollar is also working against the trade balance.
The trade balance came to a deficit of 249.6 billion yen ($2.35 billion), against the median estimate of a 200.0 billion yen deficit.
U.S. tariffs should actually improve trade balance in the U.S and should give more strength to the dollar and push gold prices down.
China also aims to import more services and goods, and is willing to import competitive agricultural products and services to achieve trade balance.
Between January and May the commercial trade balance was a negative $3.64 billion, up 76.2% from with the same period the year before.
Later on Thursday morning, trade balance data for May and ISM manufacturing index for June are both scheduled before or at 10 a.m.
The trade balance came to a surplus of 113.6 billion yen ($1.02 billion), versus the median estimate of a 93.9 billion yen surplus.
The trade balance came to a surplus of 17.3 billion yen ($159.49 million), against the median estimate of a 301.0 billion yen surplus.
The White House has tried to redefine the global trade balance, imposing billions of dollars in tariffs in hopes of bolstering domestic manufacturers.
In view of all that, it seems that reaching a mutually acceptable trade balance with China should be a simple and straightforward issue.
The trade balance came to a deficit of 1.3126 trillion yen ($11.94 billion), versus the median estimate of a 1.6949 trillion yen deficit.
Up next German industrial production and the country's trade balance for November arrive today, followed by initial US job claims for the week.
That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion.
The trade balance came to a deficit of 136.3 billion yen ($1.26 billion), against the median estimate of a 355.9 billion yen deficit.
The trade balance came to a deficit of 82.1 billion yen ($755.71 million), against the median estimate of a 369.0 billion yen deficit.
The trade balance came to a deficit of 943.4 billion yen ($8.87 billion), versus the median estimate of a 1 trillion yen deficit.
The poll's median forecast for November's trade balance was a surplus of $820 million, smaller than the $1.21 billion one reported for October.
President Trump's trade war has led to even bigger trade deficits with China, even though it was intended to improve the trade balance.
That brought the trade balance to 641.4 billion yen ($5.63 billion) in the black, versus the median estimate for a 270 billion yen surplus.
Even if the City does lose its pre-eminence in the UK economy is that such a bad thing for the country's trade balance?
Despite a 3.3% appreciation in the real effective exchange rate over the last six months, the 1H17 trade balance improved, as did factor income.
The overall trade balance came to a surplus of 481.7 billion yen ($4.33 billion), versus the median estimate for a 521 billion yen surplus.
"The healthy trade balance and positive export growth paints an overall resilient picture for Malaysia," Jeff Ng, an economist for Standard Chartered, told Reuters.
"Depending on what policies Trump adopts, the trade balance can shrink or increase, but I think the general (surplus) trend will continue," Miyamae added.
The trade balance came to a surplus of 755.0 billion yen ($6.91 billion), versus the median estimate for a surplus of 834.6 billion yen.
The right tax reform approach can support that critical priority and, with it, job creation, economic growth, consumer savings, manufacturing competitiveness and trade balance.
Australia on Thursday reported a trade balance surplus of A$555 million annual for May, narrower than a forecast of A$1.95 billion expected.
And if the trade balance deteriorated by the same amount, an incumbent could expect to see their vote share fall by the same proportion.
"This prediction takes into account expected low global growth, which will be reflected in a more negative trade balance for Colombia," the report said.
Data on Monday showed Japan's trade balance in April was 0.72303 billion yen ($7.50 billion), against economists' forecasts for a 492.8 billion yen increase.
China's current account surplus, an indicator of its global trade balance, was 1.8 percent of GDP in 2016, well below the threshold for action.
Peru is the world's second-largest copper producer and has maintained a positive trade balance since July 2016 as base metal prices have recovered.
The re-alignment will allow the administration to redistribute the overall U.S. trade balance in ways that lower costs and create jobs for Americans.
They can produce significant innovation going forward and they can contribute to the trade balance and this is a source of U.S. manufacturing expertise.
India's trade balance is further bruised by a weakening Indian rupee INR=D2 that hit an all-time low against the dollar last month.
For all the angry rhetoric, there is little in Mr. Trump's campaign against foreign trade that might help turn around the nation's trade balance.
The anticipated change in the trade balance is also occurring against the backdrop of a surprisingly weak performance of global trade in recent years.
Another way of making the case that Germany has benefited from the euro is simply looking at the marked improvement in its trade balance.
Switzerland's trade balance shrank during the quarter, weighing on the country which derives roughly two-thirds of its economic activity from selling products abroad.
He predicted that the country's trade balance when Mr. Trump leaves office would be pretty similar to what it was when he came in.
Australia reported trade balance data for October, with a deficit of 1.541 billion Australian dollars ($1.2 billion), wider than the A$800 million gap forecast.
It is Cuba's only trade partnership among those 10 countries where the trade balance is in Havana's favor, according to the latest Cuban trade figures.
"Current account is not just about the trade balance" and imposing tariffs "do not have a material impact on the current account balance," he added.
With Brazil's trade balance turning only in April, there is potential for further upside – or, at the very least, limited downside risk – from the real.
More than half of the vehicles made in the United States by German carmakers are exported, the VDA added, supporting the U.S. foreign trade balance.
The talks are also expected to focus on a list of 10 goods and commodities that China will buy to help narrow the trade balance.
Energy imports, including gas and oil, weighed on Morocco's trade balance with a rise of 28.1% to 32.2 billion dirhams - representing 15.4% of total imports.
For example, the negative trade balance has taken off 0.2 percent of America's weak 1.2 percent GDP growth in the first quarter of this year.
Analysts polled by Reuters had expected exports to fall 4.0 percent and imports to drop 4.9 percent, resulting in a trade balance of $58 billion.
The trade balance does not reflect — especially for a country like the U.S. — that imports are often used as inputs for goods produced for export.
Among the bolder tax reform ideas being contemplated by the Republican congressional leadership is a border tax adjustment aimed at improving the U.S. trade balance.
All else being equal, increasing a country's budget deficit will result in a worsening of its trade balance, while promoting fiscal balance will improve it.
"The petroleum trade balance will continue to improve on the back of gas exports," said Radwa El-Swaify, head of research at Pharos Securities Brokerage.
He suggested that the U.S. can achieve trade balance by limiting the value of imports to the value of exports by using Import Certificates (ICs).
ET. The Bank of Canada announces its interest rate decision at 10:00 am ET, while trade balance numbers are due at 08:30 a.m.
It comes as no surprise that 2023 percent of the top positive machine tool building countries also showed a positive overall trade balance in 2016.
Cutler first joined the USTR in 1988 when our trade balance was improving due to President Reagan forcing Japan and Germany to revalue their currency.
The South American nation has been pushing to increase agricultural trade with China to help bolster Argentina's trade balance amid increasing volatility of its peso currency.
The United States shouldn't merely consider the bilateral trade balance but take into account inflow of funds from Japan's huge investment to the country, Aso added.
Exports seen +0.5% m/m, imports +0.2% m/m, trade balance at 18.4 bln eur REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
In addition to a structurally negative trade balance, the income balance has turned negative, recording deficits of almost 244% of GDP in the past two years.
The external trade balance narrowed to -1.4% and -0003% of GDP in Q1 and Q216, respectively, versus -2.4% and -2.2% of GDP in Q1 and Q215.
Trump will restore confidence to the global markets by ending runaway spending and borrowing, restoring trade balance and fairness, and bringing wealth to America's middle class.
The trade balance is the largest element in a country's "current account," which sums up flows from all its international transactions for a given time period.
In simplest terms, the answer is that the trade balance is tied to broader macroeconomic factors, and trade policy and tariffs have only a limited impact.
Economists have recommended that trade figures should be calculated on the basis of "value added" rather than just the nominal figures represented in trade balance accounting.
The second and more important point that he misses is that the U.S. trade balance is determined not by the level of a country's exchange rate.
Japan's trade balance, has been pushing erratically into positive ground in recent quarters and will likely nose further into surplus over the rest of the year.
Deputy-level talks next week will surround "issues of common concern such as trade balance, market access and investor protection," according to Chinese news outlet Xinhua.
It is counterintuitive, but the trade balance can still help economic growth, year to year, even if it is reducing the overall size of the economy.
And they said the revised agreement includes few provisions that will appreciably change the trade balance between the two countries, which Mr. Trump has complained about.
As a result, the trade balance came to a deficit of 152.5 billion yen ($1.39 billion), versus the median estimate for a 150 billion yen shortfall.
Eurostat said the 19-country currency area recorded a 13 billion euro ($646.4 million) deficit in January in its trade balance with states outside the bloc.
If that rate keeps up, it would wipe out some or all of any trade-balance gains that administration officials secure in their negotiations with China.
Beijing's trade balance turned negative last year, while its large tax cuts, reportedly amounting to 2% of GDP, contributed nearly 1 percentage point of economic growth.
Ifo said Germany's current account surplus is largely the result of its trade balance: exports are expected to exceed imports by 265 billion euros this year.
In reply, Li said China was working hard to promote a trade balance, with Chinese tourism to Europe now far greater than EU tourism in China.
While economists don't expect much change in the trade balance from the preceding month, they will be watching closely for any sign of the dollar's impact.
Ifo said Germany's current account surplus is largely the result of its trade balance: exports are expected to exceed imports by 265 billion euros this year.
Figure 1 shows Chinese investment (left scale) and its current account balance (a broad measure of the trade balance, right scale), both as percentages of GDP.
China poses far more of a threat than "the export-import balance on dishwashers," he said, ripping Mr. Trump's obsession with tariffs and the trade balance.
News reports this week suggest China may be willing to help improve the trade balance with the U.S., and that the U.S. is considering rolling back tariffs.
AT THE END OF THE DAY, IT DOESN'T CHANGE YOUR OVERALL TRADE BALANCE, BUT IT DOES CHANGE POTENTIALLY WHICH COUNTRIES ARE THE CAUSE OF THE TRADE DEFICIT.
Europe's biggest economy will release trade data on everything from the country's industrial production, to its trade balance and export volumes during December from 7:00 a.m.
Indonesia's trade balance moved back into surplus in 2015, after three years of deficits, largely due to a fall in imports as consumption and investment stayed weak.
That negative trade balance accounts for 4 percent of the economy, and it is currently taking half a percentage point off the growth of the domestic demand.
The trade balance came to a surplus of 589.5 billion yen ($5.46 billion), versus the median estimate for a 420.0 billion yen surplus, the MOF data showed.
These possibilities will probably be explored, but it is not clear to what extent they could offer an effective relief to our negative trade balance with China.
Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over market access, intellectual property, technology transfer and investment.
It is rather difficult to envision a drastic change in the trade balance between the two countries and even less an important net change in total trade.
Slapping a tariff on imports of intermediate goods from, say, Mexico would raise the price of America's exports, which would probably be bad for its trade balance.
"The trade balance has turned around from a AUD 3.8 billion deficit in Q3 to a AUD 4.8 billion surplus in Q4," RBC strategist Elsa Lignos said.
The trade balance was considerably under the median estimate, coming in at a 242.8 billion yen ($2.2 billion) surplus, against expectations of a 388.6 billion yen surplus.
"In the case of Japan, exchange rates are affecting not much the trade balance but the corporate profit situation, through which domestic demand will fluctuate," he said.
DUDLEY: I DON'T THINK – THE CURRENCY WOULD HAVE TO MOVE A LOT TO REALLY SOLVE THE TRADE BALANCE PROBLEM AND I DON'T THINK THAT'S IN THE CARDS.
The U.S., under President Donald Trump, has repeatedly decried Chinese practices which it has called unfair and blamed for worsening the trade balance between the two countries.
Chile's trade balance for the forestry and agricultural sector was $11.162 billion in December, an increase of 17 percent compared with the same period the previous year.
Economic data has also weighed this week, with the British trade balance for November widening to its biggest in five months, putting further pressure on sterling bets.
And second, analysts at the bank said fiscal stimulus from the Trump administration's tax cut and higher budget stimulus were likely to "worsen" the U.S. trade balance.
"Essentially an improvement in the trade balance is being offset by worsening private transfers," said Pronab Sen, country director for the UK-based International Growth Center's India program.
And in fact, part of the way that gap is going to be filled in that trade balance is with exports of U.S. oil and gas to China.
The traditional method of calculating the U.S. trade balance attributes the entire value of our products to the country where final assembly is located, in most cases China.
Indonesia's trade balance unexpectedly swung back to surplus in September as imports and exports grew much slower than expected, data released by the statistics bureau showed on Monday.
His claims about Mexico making money off the United States appear to relate to inaccurate assertions he has repeatedly made about the U.S. trade balance with other countries.
CSI244.86 index added 21.9 percent, with a weaker yuan outweighing bigger-than-expected declines in both imports and exports and a smaller-than-forecast trade balance in October.
This is Cuba's only trade partnership among the 10 countries where the trade balance is in the Caribbean island nation's favor, according to the latest Cuban trade figures.
AMSTERDAM, April 13 (Reuters) - The Dutch trade balance was +3.952 billion euros in February after a revised +4.9303 billion euros in January, Statistics Netherlands (CBS) said on Wednesday.
"There are days when ports do more loading or offloading, and so the impact on the trade balance depends on the days hit by the weather," he said.
Between 2000 and 85033, the U.S. trade balance with its FTA partners (including Mexico) has improved by $30 billion while the trade deficit with other countries has ballooned.
Disappointing U.S. company earnings, upbeat data on factory orders and the U.S. trade balance as well as the underwhelming eurozone inflation data made for a challenging trading environment.
The president-elect frequently said he wanted to change the trade balance between the countries, contending that China unfairly devalued its currency to make its exports more competitive.
Both sides discussed topics including technology transfers, intellectual property protection, non-tariff barriers, services, agriculture and the trade balance, Xinhua said, following a week of talks in Beijing.
Investors also await data due later on Tuesday on the U.S. trade balance, factory orders, and the services sector to measure the health of the world's largest economy.
Liu later said China came into the negotiations with "great sincerity" and a willingness to cooperate with the U.S. on issues such as trade balance and market access.
China is by far the biggest market for Australia, the destination for more than 30 percent of its exports, and the trade balance remains strongly in Australia's favor.
Investors also await data due later on Tuesday on the U.S. trade balance, factory orders, and the services sector to measure the health of the world's largest economy.
It's no secret that that shale boom that has sent U.S. oil production soaring to about 13 million barrels per day has altered the international energy trade balance.
These market forces likely were triggered by the expectation of U.S. tariffs shrinking Chinese exports: Markets generally respond to a weakening trade balance by selling a country's currency.
The next step is unhappiness: "The trade balance will turn when the U.S. economy sags," said Gary Hufbauer, a respected trade expert with the Peterson Institute for International Economics.
Data last Friday showed faster-than-expected growth in Canada's economy in April, while a report on Wednesday showed a surprise swing in the May trade balance to surplus.
There is also likely to be considerable focus on the U.S.-China trade balance as U.S. President Donald Trump has railed against China's sizable surplus with the world's no.
Despite sterling's bounce this week, UK economic data has been a headwind for the currency, with data showing Britain's trade balance for November at its widest in five months.
Every year for a quarter of a century China has run a current-account surplus (roughly speaking, the sum of its trade balance and net income from foreign investments).
"The overseas income balance continues to be high, and the trade balance has sustained a surplus trend since last year," said Koya Miyamae, senior economist at SMBC Nikko Securities.
As a result, Japan's trade balance probably swung back to a surplus of 420 billion yen ($3.9 billion) in June, after a revised 968.3 billion yen deficit in May.
Anticipating these effects, foreign exchange traders would immediately send the dollar to a higher level that would largely offset the benefit of the tax adjustment to the trade balance.
Since last year, China and the United States have been locked in a trade conflict as Washington seeks to fix the trade balance, currently tilted in favor of Beijing.
If NAFTA goes away, it is unlikely that our trade balance would get even worse, because the incentives to produce there to supply the U.S. market would be lessened.
Under the rules of the World Trade Organization, Mexico could actually introduce substantially higher tariffs than the U.S. What would that do to the U.S. trade balance in steel?
However, the ONS said the rise was driven by imports of unspecified goods — mostly gold from London's major trading hub — rather than a fundamental weakening of the trade balance.
Overall, the goods trade balance of the 28-nation bloc slipped to a deficit of 10.2 billion euros in Jan-July 2019 from 2.0 billion euros a year earlier.
Overall, the goods trade balance of the 28-nation bloc slipped to a deficit of 10.2 billion euros in Jan-July 2019 from 2.0 billion euros a year earlier.
"For Brazil, the virus will impact the trade balance as a hit to commodities exports and a fall in commodities prices will hamper export revenues," TS Lombard's Ferrarezi said.
Marquez said she did not believe the bilateral trade balance was a useful measure of U.S.-Mexico economic relations and that value added statistics painted a more accurate picture.
Why it matters: Per Axios' Neal Rothschild, President Trump's trade war has led to bigger trade deficits with China, even though it was intended to improve the trade balance.
JAKARTA (Reuters) - Indonesia's trade balance is likely to have returned to a deficit in November after a surprise surplus in the prior month, a Reuters poll showed on Friday.
Trump picked a fight with Justin Trudeau over the trade balance, later acknowledging that he made up numbers in arguing that the U.S. has a trade deficit with Canada.
But more importantly, as Phil Levy of the Chicago Council told my colleague Zeeshan Aleem, "there is no mechanism" for a trade deal to guarantee a bilateral trade balance.
It would be the 38th straight monthly current account surplus, thanks to a strong trade balance from upbeat exports and the weak yen which also boosts income from overseas investments.
The September trade deficit amounted to 1.2 billion Norwegian crowns ($131.60 million), Statistics Norway said, and was only the third month of negative trade balance in the last two decades.
Imports probably rose 5.3 percent for the month, down from 14.0 percent in May, resulting in the trade balance swinging back into a surplus of 534.2 billion yen ($4.75 billion).
However, he should recognize that his administration's policies could have an important influence on the exchange rate between the dollar and the euro and on the U.S.-Germany trade balance.
Other data out of Turkey showed rebalancing was well underway, with the September trade balance narrowing by more than 77 percent and tourism revenues grinding higher in the third quarter.
If there is one point on which virtually all economists can agree, it is that a country's trade balance is arithmetically the difference between its savings and its investment rates.
He wants to impose the tariffs, and existing law does not give him the option of doing so simply over his interest in trade balance or leverage in NAFTA negotiations.
As a result, Japan's trade balance recorded a surplus of 1.110 trillion yen ($10.34 billion), its largest since September 2007, versus the median estimate for a 917.2 billion yen surplus.
As a result, Japan's trade balance recorded a surplus of 1.110 trillion yen ($10.34 billion), its largest since September 2007, versus the median estimate for a 917.2 billion yen surplus.
Clearly, a large number of them have been due to a lopsided trade balance — with the United States racking up hundreds of billions of dollars in trade debt each year.
The trade balance will make it harder for the SNB to explain its policy to the U.S. Treasury, said Yngve Abrahamsen, an economist at Zurich's Federal Institute of Technology (ETH).
"While a tighter trade balance will mechanically boost GDP, we would not see the tightening as a sign of stronger growth in the long term," Citigroup economist Veronica Clark said.
JAKARTA (Reuters) - Indonesia's trade balance is seen returning to a surplus in June after posting larger-than-expected deficits in the previous two months, a Reuters poll showed on Friday.
It seems highly likely that whether the country wants it or not there will be an adjustment in its trade balance that will not be favorable to the Chinese economy.
Although US tariffs could lead to an improvement in the US trade balance and current account balance in the long run, we think both could deteriorate in the near term.
The trade balance came to a deficit of 967.1 billion yen, versus the median estimate for a 979.2 billion yen shortfall and marked the fourth straight month in the red.
"The main reason we are seeing Canada's trade balance improve despite the slaughter of commodity prices ... is the weak Canadian dollar," said Sal Guatieri, a senior economist at BMO Capital Markets.
But he still sees trade as a zero-sum game that America has been losing, in which imports are bad, exports are good and a bilateral trade balance is the scoresheet.
U.S. and Chinese officials were said to have discussed draft agreement text on contentious issues such as technology transfer, protection of intellectual property rights, and the bilateral trade balance, among others.
Investors seemed to look past the local central bank cutting the country's 2019 economic growth forecast, and data showing Brazil's trade balance swung to deficit in February from the previous month.
U.S. Treasury Secretary Steven Mnuchin emphasized the Trump administration's excitement after the U.S. and China announced a series of trade measures aimed at improving the trade balance between Washington and Beijing.
China specifically represented a good chunk of the reduction in the trade balance shortfall, as the deficit decreased $7003 billion to $33.2 billion as imports fell 12.2 percent to $40.8 billion.
President Trump's overall goal appears to be the enrichment of the United States, but he both misunderstands the trade balance and ignores the array of data in favor of open trade.
The Eurozone has by far the world's largest current account surplus, which is a more comprehensive measure of a trade balance, while the United States has by far the largest deficit.
OSLO, Nov 15 (Reuters) - Norway's trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.
What the U.S. might gain in terms of an improved trade balance from imposing tariffs, it would lose by having other countries impose retaliatory tariffs of equal scope on U.S. exports.
A country's trade balance is nothing more or less than the difference between the value of everything it imports from a trade partner and everything it exports back to that country.
If we add up all the bilateral trade balances with other countries, we get the nation's overall trade balance — the difference between the value of all United States exports and imports.
In the latest quarter, the economy benefited from steady consumer spending and an improving trade balance, while less robust state and local spending, along with slower inventory growth, worked as headwinds.
BRASILIA, Jan 2 (Reuters) - Brazil posted a trade balance of BRTBAL=ECI of $5.599 billion in December, government data showed on Thursday, above market estimates for a balance of $4.352 billion.
Importantly, while U.S. officials argue that the trade balance shows NAFTA is unfair, recent studies show the raw deficit figures don't tell the true story because of NAFTA's integrated production chains.
That is, a bilateral trade balance — which measures the transactions between two countries — is an indicator that doesn't adequately reveal who's gaining or losing in a relationship, economists and trade experts said.
Paul Ferley, assistant chief economist at Royal Bank of Canada, said although the trade balance had improved, "unfortunately it is not coming from the source you want to see, strength in exports".
The euro, as a currency, would likely plummet, strengthening the dollar and making American products sold abroad much more expensive, potentially whacking the US trade balance and jobs in export-oriented companies.
BRASILIA, Feb 1 (Reuters) - Brazil posted a trade balance of of $923 million in January, government data showed on Monday, nearly double market estimates as a weaker local currency drags down imports.
Imports fell 18.0 percent in the year to January, versus the median estimate for a 16.0 percent annual decrease, swinging the trade balance into a deficit of 645.9 billion yen ($5.66 billion).
YOU COULD LOWER YOUR VAT TAX, YOU COULD ALLOW WAGES TO RISE MORE AND THAT WOULD HELP WITH THE TRADE BALANCE, WITH THE CURRENT ACCOUNT SURPLUS BECAUSE YOU CAN'T CONTROL MONETARY POLICY.
Trump has said unfair Chinese practices are to blame for the wide trade balance between the two countries and has accused the Asian economic giant of stealing intellectual property from American firms.
Imports fell 18.0 percent in the year to December, versus the median forecast for a 16.4 percent annual decline, bringing the trade balance to a surplus of 140.2 billion yen ($1.18 billion).
Surprisingly, Britain's trade balance will move into a small surplus, thanks not to the dynamism of exporters but "because demand for imported goods plunges due to exchange-rate depreciation and reduced consumption".
Trump could decide whether to put tariffs on billions of dollars in Chinese imports this week as part of his push to change the trade balance with the world's second-largest economy.
According to textbook economic theory, this increase in the value of the dollar should totally offset the effects of the import tax and export subsidies, leaving the trade balance where it was previously.
The 20.6 trillion yen ($183.63 billion) surplus reflected the trade balance swinging into surplus on cheaper oil, rising foreign tourists arrivals creating a record travel surplus, and hefty foreign income from overseas investments.
"But as experience has taught us, taking into consideration real-economic criteria is absolutely necessary for concrete decisions," he said, listing as examples a country's trade balance, job data and per-capita income.
Ahead of us today, we get the ADP Employment Change at 8:37623, followed at 8:30 by the US Trade Balance and a CNBC interview of Federal Reserve Vice Chairman Stanley Fischer.
Meanwhile, recent Canadian data, including a report on Wednesday showing a surprise swing in the trade balance to surplus, has dampened expectations that the Bank of Canada would cut interest rates this year.
South Africa's revenue service publishes trade balance figures for April at 1200 GMT, with new vehicle sales and PMI data later in the week before Standard & Poor's announces it rating review on Friday.
Fallacies about imports and the trade deficit, as well as the myth of manufacturing decline, form the basis for Navarro's policy prescriptions, which include subsidizing exports and taxing imports to achieve trade balance.
"The short run effect of a depreciation of sterling would be expected to be a decline in our trade balance performance as we suck in more expensive, in sterling terms, imports," Hammond said.
Many economists are now arguing that any potential positive impact from the border tax adjustment on the U.S. trade balance would be fully offset by a strong and rapid appreciation of the dollar.
LIESMAN: AND AS THEIR CURRENCY APPRECIATES, THEY ACTUALLY BECOME LESS COMPETITIVE SO THAT WOULD TEND TO HELP OUR TRADE BALANCE OR AT LEAST HELP THE U.S. SIDE OF IT. DUDLEY: AT THE MARGIN.
President Donald Trump is under attack for a private speech on Wednesday where he admitted to making up details about the U.S.-Canada trade balance in a conversation with Prime Minister Justin Trudeau.
Further, the Trump administration's misguided inclusion of objectives, such as pushing toward a bilateral trade balance, opened the door for the Chinese to make modest purchase offers in lieu of addressing serious reforms.
And although metrics like the consumer price index, gross domestic product, and the trade balance are useful, they provide a clear picture of the past without much insight to what the future holds.
Petroleum boosters like to claim that fracking broke our addiction to foreign oil, but as the Energy Department pointed out this month, the changing trade balance is still dominated by crude oil imports.
NATIONAL An article on Friday about the accuracy of candidates' assertions at Thursday's Republican presidential debate described the United States' trade balance with Canada incorrectly in analyzing Donald J. Trump's comments on trade.
DATA & EVENTS German industrial orders UK Halifax house prices Russia Feb inflation Non-farm payrolls for Feb/average earnings US trade balance Jan US wholesale inventories, consumer credit Jan (Editing by Larry King)
"When you have such a sharp, sudden economic slowdown in the domestic market, you absorb fewer imports, and your trade balance starts to move favourably," said Sergio Luna, director of analysis at Citibanamex.
"When you have such a sharp, sudden economic slowdown in the domestic market, you absorb fewer imports, and your trade balance starts to move favorably," said Sergio Luna, director of analysis at Citibanamex.
Wednesday's session included evidence of corruption in the car assembly business, a sector encouraged by the government after 2015 in an effort to improve the trade balance in response to lower energy revenue.
"Increasingly in the U.S., when there's acceleration in business expansion, there's a sharp plunge in trade balance," Sweeney said during a panel discussion at the Credit Suisse Asian Investment Conference in Hong Kong.
Canada also imports more from the United States (mostly auto parts and heavy machinery) than it exports to the United States, which is exactly the kind of trade balance the Trump administration likes.
There are no easy solutions to that predicament, but a rapidly improving U.S. trade balance could go a long way toward preventing a major economic slowdown and providing some support to stretched market valuations.
China agreed in Argentina to purchase a "substantial" but not-yet-determined amount of agricultural, energy, industrial and other U.S. products to reduce the trade balance between the two, according to the White House.
The dollar was last down 0.8 percent at 109.2 after data on Monday showed Japan's trade balance in April was 823.5 billion yen ($7.50 billion), against economists' forecasts for a 492.8 billion yen increase.
JOHANNESBURG, May 31 (Reuters) - South Africa recorded a trade balance deficit of 3.43 billion rand in April from a revised 4.71 billion rand surplus in March, data from the revenue service showed on Friday.
NEW YORK (Reuters) - J.P. Morgan on Wednesday upgraded its projection on U.S. economic growth in the second quarter to 2.75 percent from 2.25 percent following the release of advance trade balance data in April.
News of deterioration in China's trade balance stoked safe-haven demand for the yen on Tuesday as investors shed holdings of stocks and other risky investments on renewed concerns about a slowing global economy.
As the administration continues its efforts to close the first phase of a tariff deal with China, the trade balance remains 21.1% higher from the $2600 billion level when President Donald Trump took office.
Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over limits on U.S. firms' access to Chinese markets, intellectual property protection, technology transfers and investment.
It said that most of the production, including corn starch, glucose, fructose and other products, would be exported to international markets which will have a significant positive result for the Balkan country's trade balance.
"[P]olicies intended to improve the U.S. trade balance are likely to lead to lower growth elsewhere, imposing large costs on the rest of the world with little or no benefits here," he wrote.
Admitting the exchange rate is undervalued is tantamount to saying the economic system isn't working as it's supposed to work in conventional economic theory—that there's no hope the trade balance will fix itself.
There are multiple factors for why the size of the trade balance fluctuates, including the relative strength of trading partners' economies and currencies — and how much money people spend or save in different countries.
BEIJING (Reuters) - China's vice premier Liu said on Thursday Chinese and U.S. officials will meet next week to discuss topics including trade balance, market access and investor protection, the official Xinhua news agency reported.
Imports are expected to have risen 3003 percent for the month, the first gain in three months, resulting in a trade balance of a surplus of 372.2 billion yen ($3.33 billion), the poll showed.
A more basic point that the new U.S. administration chooses to ignore is that a country's trade balance is essentially the difference between the amount that it saves and the amount that it invests.
For the first time in years, there are bullish signals coming from China's economy, as according to last week's positive trade balance figures, exports are up 7.9 percent in January and imports up 16.7 percent.
On balance, the latest figures on trade balance, business activities and spending "had a minimal net effect" the regional Fed's forecast on the gross domestic product in the second quarter, it said on its website.
What they're saying: "The two sides discussed the agreement text on technology transfer, protection of intellectual property rights, non-tariff measures, services industry, agriculture, trade balance and enforcement mechanism, and achieved new progress," Xinhua said.
JOHANNESBURG, March 29 (Reuters) - South Africa's trade balance swung to a 431 million rand ($36.35 million) surplus in February following a 27 billion rand deficit in January, data from the revenue agency showed on Thursday.
Ross told reporters on Thursday that the report will look at factors from trade barriers such as tariffs to currency misalignment and other issues that tip the trade balance into the favor of foreign countries.
THOSE ARE LEGITIMATE ISSUES THAT THE U.S. HAS WITH CHINA AND THOSE ARE THE ISSUES THAT WE SHOULD BE PRESSING THEM ON. LIESMAN: IS THE CURRENCY A WAY WE CAN SOLVE THAT TRADE BALANCE PROBLEM?
Mobius said trade rhetoric about the U.S. economy being software- or service-based and, therefore, not being represented well by trade balance analysis misses the larger point: Those industries need access to the Chinese market.
Peru is the world's second largest copper producer and an important exporter of other minerals whose climbing prices have helped the trade balance swing back into a surplus after a $2.33 billion deficit in 2015.
The RAND report also cited Iran's billions of dollars in trade and aid with Afghanistan, although the trade balance is heavily lopsided in favor of Iranian exports, mostly due to the former's underdeveloped industrial base.
"Trump may claim victory as the U.S. manufacturing sector grows while the Chinese one shrinks, and the bilateral trade balance of the U.S. with China improves," EconPol Europe researchers Gabriel Felbermayr and Marina Steininger said.
The trade balance for the whole of the European Union was nearly flat in May, recording a marginal surplus of 0.2 billion euros, compared with 2.3 billion a year earlier, non seasonally adjusted estimates showed.
HANOI, Jan 29 (Reuters) - Vietnam's trade balance is seen slipping into a deficit of $100 million in January, from a surplus of $259 million in December last year, preliminary government data released on Wednesday shows.
Trade balance between the United States and select countries, 21 China $29b 200 300 400 500 Imports Exports $419 billion The trade deficit is the value of imported goods less the value of exported goods.
Europe corp events: RBS, Astrazeneca, Wirecard, Renault, EdF, Credit Agricole EZ, Germany, Portugal, Finland, Slovakia, Denmark, Czech, Hungary, Romania, Ukraine Q4 GDP Turkey Dec current account Italy Dec trade balance Spain final inflation EZ Dec trade balance, Q4 employment OECD survey of Irish economy Poland Jan inflation Nigeria Jan inflation US Q4 earnings: Newell Brands, PPL US Jan retail sales, industrial production Cleveland Fed's Mester speaks in Sarasota Sovereign rating reviews – S&P Global reviews Hungary, Sweden; Moody's reviews Ireland, Lithuania; Fitch reviews Hungary, Georgia.
He declined to provide details on what that alternative arrangement might look like, but he described his stance as "flexible" and suggested that the US's trade balance and military ties with countries would be a factor.
In its Annual Energy Outlook 2017, the EIA sees a surge in natural gas exports and improvement in the trade balance of petroleum products causing the United States to become a net energy exporter by 2026.
Japan warned the G-20 major economies against focusing narrowly on the trade balance in addressing global imbalances, with its top currency diplomat on Tuesday calling on them to settle trade disputes through a multilateral framework.
These deficits are reducing American economic growth (because a negative trade balance is subtracted from domestic GDP components), and such a strong import penetration of American markets is literally killing our jobs and import-competing industries.
"We assessed what we could gain from it (a 'Frexit')," Rachline told CNBC, saying that the Front National wants to implement a strategy of "smart protectionism" to reduce unemployment figures and the country's trade balance deficit.
The jobs report came on the heels of recent data showing sluggish consumer spending and weak business investment on capital in the first two months of the year, as well as deterioration in the trade balance.
At the same time, any effect on exports could also be delayed as a result of the J-curve effect, he added, referring to a situation where a country's trade balance initially worsens following currency depreciation.
At the national level, they found that a one-unit increase in the merchandise trade balance as a percentage of GDP was associated with a 4% increase in the share of the vote for incumbent presidents.
The decision by Saudi Arabia, the United Arab Emirates, Baharain and Egypt to cut diplomatic and transport ties this week threatens to hurt Qatar's trade balance, suck deposits from its banks and push out foreign investment.
Using only publicly available data, our analysis shows that modern trade deals have improved our trade balance in goods—that is, we now make and ship more stuff to our trading partners than we bring in.
Although aggregate saving and investment policy sets the size of the overall trade balance, shrinking U.S. trade deficits with specific countries, and China, in particular, will allow more imports from and exports to other trading partners.
That said, many economists would argue that a trade balance shouldn't be viewed as a simple scorecard in which the country with the trade deficit is the loser and the one with the surplus the winner.
The decision by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt to cut diplomatic and transport ties this week threatens to hurt Qatar's trade balance, suck deposits from its banks and push out foreign investment.
Revenue agency data showed on Friday that South Africa's trade balance swung to a surplus of 8.79 billion rand in August from a revised 5.29 billion rand deficit in July as exports rose and imports fell.
The starting point for a simple analysis of trade balances is the accounting identity, Current account + Capital account = 0 where the current account is the trade balance broadly defined to include services and income from investments.
While this had been shrinking in the past two years due to a deteriorating trade balance, it was booming investments rather than rising consumption that had led to a surge in imports, and exports remained strong.
The overall trade balance came to a deficit of 1.09 trillion yen ($9.66 billion), compared with the median estimate for a 636.8 billion yen deficit, while Japan still enjoyed a trade surplus with the U.S. in January.
Earlier, he told a Euromoney financial conference that the trade balance this year had been reduced by 37 percent, with imports down 23 percent to almost $30 billion and exports growing by 11.5 percent to $15 billion.
BRASILIA, May 2 (Reuters) - Brazil posted a trade balance of of $4.8 billion in April, government data showed on Monday, a record surplus for the month and slightly above market estimates for a balance of $4.7 billion.
Despite frequent U.S. criticism that a weak yen could help boost Japan's exports, Aso said there was "no correlation" between exchange rates and trade balance, and that he shares the common view on that point with Mnuchin.
A 10% depreciation on average improves a country's trade balance by around 0.3% of gross domestic product (GDP) within a 12-month period, primarily through contracting imports, the note highlighted, since trade is largely invoiced in dollars.
Over a three-year time span, this increases to a 1.2% of GDP improvement in trade balance as exports respond more meaningfully to exchange rate movements, though the "full expenditure switching effect remains relatively modest," it added.
LIMA, July 6 (Reuters) - Peru posted a $246 million trade surplus in May as exports surged 20.5 percent, the tenth straight positive monthly trade balance in the copper-producing Andean nation, the central bank said on Thursday.
The IMF researchers said that one problem for the limitations of impacts of U.S. currency fluctuations on the trade balance is that many U.S. imports from China and other countries are invoiced in dollars, not local currencies.
"One should not put too much stock in the view that easing monetary policy can weaken a country's currency enough to bring a lasting improvement in its trade balance," IMF officials including chief economist Gita Gopinath wrote.
TOKYO (Reuters) - Japan warned the G20 major economies against focusing narrowly on the trade balance in addressing global imbalances, with its top currency diplomat on Tuesday calling on them to settle trade disputes through a multilateral framework.
Yet, after nearly a year of tariffs, the China-US trade balance has remained largely the same; the only notable shift is reduced American exports to China because of China's retaliatory tariffs, especially on American agricultural commodities.
If a dollar appreciation were now to cause the emerging market economies, including China, to falter, those economies would import less from the U.S., which would limit the degree to which the U.S. trade balance might improve.
If this conventional view is correct, then any successful attempt to get other countries to accept more of our imports will also result in America accepting more of their exports, leaving the overall trade balance largely unchanged.
The quarterly trade balance swung to a deficit of 25 billion rand ($2 billion) from a surplus of 74 billion rand as the value of exports fell sharply, the Reserve Bank said in its June quarterly bulletin.
When Mr. Trump discusses our trade relations with another nation, he often points to the bilateral trade balance — the difference between the value of our exports to that nation and the value of our imports from it.
China's vice premier, Liu He, the country's top trade negotiator, said Thursday that the deputy-level talks next week will surround issues including trade balance, market access and investor protection, China's state-run media outlet Xinhua said.
"They're politically sensitive, but in terms of the overall trade balance, they're going to have a limited effect," said Alan Wolff, a former American trade official who is now a senior counsel at the law firm Dentons.
DATA/EVENTS (GMT) 0030 Australia Real GDP sa Q0.70583 US Trade balance Dec1330 Canada Trade balance Dec1500 Canada BoC rate decision Grains prices at 0132 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 463.00 0.25 +0.05% +1.65% 503.26 0.0023CBOT corn 376.00 0.25 +0.07% +261% 21.130 20.000CBOT soy 20.04 20.32 +20.7058% -0.343% 20.34 20.48CBOT rice 214 $0.01 +0.09% +0.47% $10.57 60WTI crude 56.05 -$0.483 -0.90% -0.95% $54.75 61 Currencies Euro/dlr $1.130 $0.000 -0.04% -0.32%USD/AUD 0.7058 -0.002 -0.34% -0.48% Most active contracts Wheat, corn and soy US cents/bushel.
China Oct house prices SKorea Oct trade balance Japan Sept industrial output Hong Kong Q3 GDP Sri Lanka central bank policy decision Europe corp events: LEG Immobilien, Simcorp, AP Moeller-Maersk EZ, Italy Sept trade balance, Oct inflation Turkey Oct budget balance European Central Bank board member Mersch speaks in Paris; ECB supervisor Jochnick speaks in Frankfurt ECOFIN budget meeting in Brussels US Oct retail sales, industrial production, export/import prices Bank of Canada chief Poloz speaks in San Francisco Sovereign credit rating reviews – S&P Global reviews Netherlands, Iceland, Burkino Faso.
DATA AHEAD (GMT) * 0600 Germany Industrial Output MM March * N/A China Exports YY April * N/A China Imports YY April * N/A China Trade Balance USD April (Reporting by Arijit Bose in Bengaluru; Editing by Shreejay Sinha)
And a move on the trade balance Mr Trump makes so much of might spare China from having to take steps that would strike at its theft of intellectual property, its subsidies and its restrictions on foreign investment.
And, again, let me repeat the very, very important note that we anticipate, we strongly expect the Chinese to follow through goodwill and just helping the trade balance with large-scale purchases of U.S. agriculture products and services.
Imports are forecast to have fallen 2.8% from a year earlier, which will see the trade balance swing back to a surplus of 54 billion yen ($497.51 million) from a revised deficit of 143.5 billion yen in August.
Japan's imports rose 15.5 percent in the year to June, versus the median estimate for a 14.6 percent annual gain, led by coal and liquefied natural gas, bringing the trade balance in a surplus of 439.9 billion yen.
NEW YORK (Reuters) - The U.S. economy likely expanded at a 1.8 percent annualized rate in the second quarter following a report on June's advance goods trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.
As taught in every freshman economics class, however, a nation's trade balance is almost entirely governed by macroeconomic policies: To wit, if you don't save enough to pay for what you consume, you will run a trade deficit.
NEW YORK (Reuters) - The U.S. economy is expanding at a 1.3% annualized rate in the second quarter based on the latest figures on trade balance and factory orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
"Now given the shape of the British economy, and our trade balance with the EU 27, it's hard to see how any deal that did not include services could look like a fair and balanced settlement," he added.
Imports are forecast to have fallen 12.7% from last year, with the trade balance swinging back to a deficit of 369 billion yen ($3.40 billion), the poll showed, after a revised surplus of 15.66 billion yen in October.
A net importer of crude, Africa's most industrialised economy wants biofuels initially to meet two percent, or about 400 million litres, of the country's annual fuel consumption to wean itself off oil imports and improve the trade balance.
Graphic: Russia trade balance with China hits 13-year high as crude shipments scale new record (here) The pipeline will cement China's spot as Russia's top export market and give Russia a potentially enormous new market outside Europe.
The industry provides access to over 5,000 airports in small communities across the nation, supports over one million high-paying American jobs, contributes over $85033 billion to the nation's economy and positively contributes to the nation's trade balance.
Imports are forecast to have fallen 12.7% from last year, with the trade balance swinging back to a deficit of 369 billion yen ($3.40 billion), the poll showed, after a revised surplus of 15.66 billion yen in October.
Graphic: Russia trade balance with China hits 13-year high as crude shipments scale new record (here) The pipeline will cement China's spot as Russia's top export market and give Russia a potentially enormous new market outside Europe.
If the trade balance needs to increase by, say, 5 percent of GDP, this will take a much bigger depreciation if initial exports are only 5 percent of GDP than if they start at 40 percent of GDP.
That means attempts to alter the U.S.-China bilateral trade balance — through tariffs, or by forcing Beijing to buy more American products — will do little to change the overall economic situation if consumption patterns stay the same, Baptist added.
Given their record over the last two years, Washington strategists seem to know nothing about the trade multiplier — the extent to which an improving trade balance increases business investments, profits, employment creation, household incomes, personal consumption and residential investments.
The unit was also barely affected by local data showing the country's trade balance had jumped to a 11.4 billion rand surplus in March on the back of higher exports, led by a 34 percent increase in commodity sales.
NEW YORK (Reuters) - The dollar held steady versus a basket of currencies on Thursday as the latest domestic data on durable goods orders, jobless claims and trade balance on goods suggested ongoing moderate growth for the world's biggest economy.
"Today we get the S.A. trade balance, always one to throw a bit of volatility into the equation given its propensity to be completely at odds with expectations," chief trader at Standard Bank Warrick Butler said in a note.
Elsewhere at the G-7 meeting in Italy, U.S. Treasury Secretary Steven Mnuchin emphasized the Trump administration's excitement after the U.S. and China announced a series of trade measures aimed at improving the trade balance between Washington and Beijing.
The two sides discussed draft agreement text on issues including technology transfer, protection of intellectual property rights, services, agriculture, the bilateral trade balance, and an implementation system, and will continue to talk on remaining issues, the state broadcaster reported.
The argument being made is that foreign exchange market participants would anticipate the positive impact that the border tax adjustment would have on the U.S. trade balance and the affect that such an improvement would have on the dollar.
But the international experience shows that almost all of the response to a tariff increase takes the form of lower exports and higher imports in categories that are not affected by the tariff, leaving the trade balance basically unchanged.
The other is to look indirectly at the difference between sales and purchases of goods and services, because the trade balance broadly defined (including investment income) - aka the balance on current account - is the flip side of capital inflows.
NEW YORK (Reuters) - The U.S. economy likely grew at a 2.4 percent annualized rate in the second quarter following the latest data on vehicle sales and the trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
Reflecting that bias, the Office of the U.S. Trade Representative put "Improve the U.S. trade balance and reduce the trade deficit with the NAFTA countries" as the first item in its list of more than 100 NAFTA negotiating objectives.
NAFTA also produced a massive shift in the nation's trade balance — the difference between how much stuff American workers make and sell to the rest of the world and how much stuff American consumers and businesses buy from other countries.
BERLIN (Reuters) - The trade balance is only part of the current account surplus, a spokesman for the German government said on Wednesday, amid repeated complaints from U.S. President Donald Trump that the United States has large trade deficits with many countries.
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.3 percent annualized rate in the first quarter following the latest data on vehicle sales and trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
BUENOS AIRES, Nov 23 (Reuters) - Argentina had a trade surplus of $277 million in October, official statistics agency Indec said on Friday, the second month in a row that Argentina had a positive trade balance over the last two years.
NEW YORK (Reuters) - The U.S. economy is expanding at a 4.7 percent annualized rate in the second quarter following data on domestic consumer spending and advance goods trade balance in April, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
The United States' negative trade balance with other countries isn't necessarily a problem in itself, since American consumers benefit from products made more cheaply in other countries, and American businesses often locate their more knowledge-intensive jobs on their home turf.
Qatar's foreign reserves with the central bank increased $2.9 billion to $17.7 billion, HSBC said in a report to clients on Monday, adding that the stronger foreign reserve position was in part supported by continued improvement in Qatar's trade balance.
DATA AHEAD (GMT) 0930 Britain GDP estimate Nov 0930 Britain Industrial Output Nov 0930 Britain Manufacturing Output Nov 0930 Britain Goods Trade Balance Nov 1330 U.S. Consumer prices Dec (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Joseph Radford)
NEW YORK (Reuters) - The U.S. economy is expanding at a 2.17 percent pace in the first quarter based on data on trade balance in November and services business activity in January, the New York Federal Reserve's Nowcast model showed on Friday.
The combination of higher oil prices, a strong dollar and higher U.S. rates is risky for some emerging market assets as it could significantly worsen their trade balance and also encourage investors to shift funds to higher-yielding U.S. assets.
France's overall trade balance has retreated from a record deficit reached in 22, fueled by the fall in the euro over the last two years and a lower oil import bill following the plunge in crude prices since mid-26.
In the decade from 2004, the real driver of the UK current account was not the trade balance but movements in so-called primary income, which represents the yield on overseas UK investments relative to foreigners' holdings of domestic British assets.
Though China's trade balance for January, released Monday, was weak, comments from the People's Bank of China (PBOC) governor sent the yuan to its strongest level against the dollar for the year, with the pair at 5.613 at yesterday's market close.
The three-year steel contract was struck in June 2014, after the Indian government, worried about its trade balance with Iran and looking to boost exports, directed trading firms STC and MMTC Ltd to help facilitate business for Indian companies.
Earlier Thursday, the Commerce Department said advance goods trade balance showed a $65 billion deficit in December, slightly less than November, while its advance reading on wholesale inventory in December showed a 1 percent increase, matching the rise in November.
The increasing value of the U.S. dollar -- especially in the wake of the United Kingdom's vote to leave the European Union -- is weighing on the trade balance, making imports relatively inexpensive while pushing up the price of American exports abroad.
In 2016, the United States' trade balance amounted to a $309 billion deficit with China (not $20173 billion); a $63 billion deficit with Mexico (not $71 billion); and a $7.7 billion trade surplus with Canada (not a deficit of $17 billion).
"The Chinese side has come with great sincerity and is willing to make serious exchanges with the U.S. on issues of common concern such as trade balance, market access and investor protection, and promote positive progress in the consultations," Liu said.
DATA/EVENTS AHEAD (GMT) 0630 India WPI Inflation YY Sept N/A China Exports YY Sept N/A China Imports YY Sept N/A China Trade Balance USD Sept (Reporting by Karthika Suresh Namboothiri in Bengaluru; Editing by Subhranshu Sahu)
While a country's trade balance is the difference between a country's exports and imports, it is also the difference between the amount it saves and invests, as can be derived from rearranging the components of a country's aggregate demand equation.
But we really want to understand, in a more concrete way, a few things: how this benefits U.S. companies, how it preserves and creates U.S. jobs and how it can help the trade balance and help foster exports to other countries.
NEW YORK (Reuters) - The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
The increasing value of the U.S. dollar — especially in the wake of the United Kingdom's vote to leave the European Union — is weighing on the trade balance, making imports relatively inexpensive while pushing up the price of American exports abroad.
Takeuchi's appointment comes at a delicate time when Tokyo is under pressure from Washington to include a currency provision against foreign-exchange manipulation in the bilateral trade talks aimed at fixing what the United States says is an unfair trade balance.
While the Chinese have offered to make large purchases of American products, including soybeans and liquefied natural gas, they have resisted setting a specific dollar target for the trade balance, arguing that such a metric is largely beyond their control.
NEW YORK (Reuters) - The U.S. economy is expanding at a 1.9% annualized rate in the second quarter based on May data on U.S. durable goods orders and advance goods trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
In the long run, the report said, prices below $50 a barrel will only stay sustainable "if policy is kept tight and domestic demand stays subdued," meaning that demand for imports has to remain low to keep the trade balance under control.
The fact is we are, you know, one of the biggest partners in trade with the USA, we're one of the biggest defense partners of the USA...We'll go on doing that and we run a trade balance with the U.S.A. actually.
But the surplus with the United States, China's largest export market, actually rose 210 percent in the first half to $215 billion, giving grist to U.S. President Donald Trump's frequent arguments that the trade balance between the two nation hurts the U.S. economy.
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the third quarter based on the latest data on vehicle sales and trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday.
Brazil's economy has adjusted: A crippling recession – the economy has contracted by nearly 10 percent in the past three years – and a slump in the real led to a collapse in import demand, resulting in a sharp improvement in the country's trade balance.
" Ross added that the two sides discussed a "very wide range of products," adding, "the most interesting thing to me was they expressed an interest in reducing their net trade balance because of the impact it's having on money supply and inflation.
Japan's overall imports fell 5.2% in the year to June, led by nonferrous metal, versus the median estimate for a 0.4% fall, bringing the trade balance to a surplus of 589.5 billion yen, against the median estimate for a 420.0 billion yen surplus.
JPMorgan on Thursday pared its estimate on growth to a 0.3 percent annualized rate in the first quarter from a 0.4 percent pace, following weaker-than-expected data on durable goods orders and advance data on the goods trade balance in March.
THEY FEEL IT'S JUST TOO SPUR OF THE MOMENT, TOO FLIPPANT, THAT HE JUST SPEAKS VERY OFF THE CUFF REGARDING THIS AND THAT HIS POSTER FOR THIS IS THE TRADE BALANCE WITH INDIVIDUAL COUNTRIES AND ECONOMISTS SEEM TO HAVE A PROBLEM WITH THAT.
Behind this profoundly misguided idea — which would wreak havoc on business planning — is another moronic fixed belief: that trade agreements should be judged on whether they result in a more favorable U.S. trade balance — in this case, after a five-year trial.
Separate data from the Ministry of Finance showed Japan's current account surplus stood at 1.94 trillion yen in July as the trade balance swung to a surplus, though the figure fell short of economists' median forecast for a surplus of 2.09 trillion yen.
China is opening up because that's necessary for its own development and it's "merely an added bonus" if doing so narrows the trade balance with some countries, China Daily said, adding that the U.S. should expect some give-and-take during the talks.
Head of research at Naeem Brokerage Allen Sandeep said the jump was probably tied to the IMF payment and an improved trade balance, particularly after the close in June of the high-consumption holy month of Ramadan, when imports tend to spike.
When a Chinese family travels to Disneyland on an American airline, or a Chinese student pays tuition to an American university, that adds to the trade surplus for the U.S. Last year, the U.S. services trade balance with China widened to $36.8 billion.
When a Chinese family travels to Disneyland on a U.S. airline or a Chinese student pays tuition to an American university, that adds to the trade surplus for the U.S. Last year, the U.S. services trade balance with China widened to $36.8 billion.
The truth is that while tariffs and so on can affect trade in particular industries, the overall trade balance mainly reflects exchange rates, which in turn are mainly driven by capital flows: The dollar is strong because foreigners want to buy U.S. assets.
Yes, part of increasing our own competitiveness will require pushing back against certain unfair Chinese trade practices, such as currency misalignment (artificially depressing the value of their currency to bolster their trade balance), non-tariff barriers and dumping specific exports below cost.
NEW YORK (Reuters) - Goldman Sachs economists on Thursday dialed back their view on U.S. economic growth in the first half of this year following advance data that showed a drop in wholesale inventories and a wider deficit in the goods trade balance in April.
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.8 percent annualized rate in the third quarter in the wake of the latest data on payrolls and the trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
Up next Sunday: Consumer Electronics Show kicks off in Las VegasTuesday: US trade balance; UK Parliament returns to debate Brexit withdrawal bill Wednesday: Europe business confidence; Constellation Brands (STZ), Walgreens (WBA) and Bed Bath & Beyond (BBBY) earnings Thursday: China inflation Friday: US jobs report
"If we went off this report alone, then the Federal Reserve would be putting rates up today, but that is clearly not the case with the May trade balance and dovish (yet largely redundant) set of FOMC minutes keeping the growth bulls in check," said Weston.
"Then, in the next 90 days, we will follow a clear timetable and roadmap to negotiate on issues such as intellectual property right protection, tech cooperation, market access and trade balance," he said, stressing the consultations should be based on meeting the interests of both parties.
In the previous round of U.S. sanctions, India settled 45 percent of oil payments in rupees and the remainder in euros but this time it has signed deal with Iran to make all payments in rupees as New Delhi wants to fix its trade balance with Tehran.
NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.6 percent annualized rate in the first quarter following releases of the government's latest data on advance trade balance and durable goods orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.
This is not so much because such a tax adjustment is likely to do little to improve the U.S. trade balance; rather, it is because such a tax adjustment is likely to cause tensions with U.S. trade partners that could degenerate into a full-blown trade war.
DATA/EVENTS 0030 Australia Trade Balance G&S (A$) Sept0700 Germany Industrial Output MM Sept0830 UK Halifax House Prices MM Oct1200 UK BOE Bank Rate Nov1200 UK GB BOE QE Corp Nov1330 US Initial Jobless Claims Weekly (Reporting by Diptendu Lahiri in Bengaluru; Editing by Aditya Soni)
Additionally, civil aircraft manufacturing continues to be the top net exporter in our country and has an estimated $53.4 billion in positive impact on the trade balance for the U.S. These impressive economic numbers allow aviation manufacturing businesses to offer good-paying jobs to highly skilled employees.
"The Chinese side has come with great sincerity and is willing to make serious exchanges with the U.S. on issues of common concern such as trade balance, market access and investor protection, and promote positive progress in the consultations," Liu told Chinese state-run media agency Xinhua.
Because NAFTA's rule of origin essentially states the origin of beef is the country where the animal was slaughtered, meatpackers use their access to Mexico's cattle supply chain to leverage down prices paid to American ranchers, even during years when the U.S.-Mexico trade balance was favorable.
But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in the surplus was a one-off, with analysts expecting a less favorable trade balance for China in coming months as duties on exports start to bite.
Up Next Monday: China manufacturing PMI; US ISM Manufacturing Index Tuesday: Salesforce (CRM)earnings; Brazil GDP Wednesday: US ISM Non-Manufacturing Index; ADP private employment report; Campbell Soup (CPB) and Slack (WORK) earnings; Australia GDP Thursday: US trade balance; Dollar General, Kroger, (KR) Tiffany & Co (TIF).
Yet we also know that the trade balance in goods — the difference between what we import and what we export — has continued to widen under the Trump administration, reaching $5063 billion in October, up from $67.7 billion at the beginning of his term and the second largest gap ever.
There would seem to be at least two reasons to doubt that the border tax adjustment will result in a rapid and large dollar appreciation even though one might still subscribe to the idea the tax adjustment will in the end have little impact on the U.S. trade balance.
"The Chinese side has come with great sincerity and is willing to make serious exchanges with the U.S. on issues of common concern such as trade balance, market access and investor protection, and promote positive progress in the consultations," Liu told Chinese state-run media agency Xinhua on Thursday.
DATA AHEAD (GMT) * 0130 Australia Trade Balance G&S (A$) April * 0900 Euro Zone GDP Revised YY Q1 * 1145 Euro Zone The ECB announces its policy decision * 1230 US Initial Jobless Claim weekly * 1300 Russia CPI YY May (Reporting by Brijesh Patel in Bengaluru; editing by Richard Pullin)
DATA AHEAD (GMT) 0630 China Exports and imports (March) 0630 China Trade Balance (March) 1200 India Industrial Output (Feb) 1400 U.S. U Mich Sentiment Prelim (April) 2019 Spring Meetings of the World Bank Group and the International Monetary Fund (Reporting by K. Sathya Narayanan in Bengaluru; editing by Richard Pullin)
Andres Jaime, global FX and rates strategist at Barclays, said the central bank's announcement generally matched market expectations and the move in the peso "was related to the fact that we have Trump as a president (elect) and the outlook for external accounts" such as the trade balance and current account.
The latest numbers on economic activity released last week show a slowdown to a quarterly growth rate of 0.3 percent in the first three months of this year (from 22.7 percent in the fourth quarter of last year) as a result of flat consumer spending and a deteriorating trade balance.
A distinguishing, precedent-breaking characteristic of President TrumpDonald John TrumpFacebook releases audit on conservative bias claims Harry Reid: 'Decriminalizing border crossings is not something that should be at the top of the list' Recessions happen when presidents overlook key problems MORE's trade policy is its focus on the trade balance.
To make that assessment, we need to look at net sales of assets to foreigners by the U.S. as a whole - or, equivalently, at our net sales of goods and services, because the balance of payments always balances: the trade balance is by definition the inverse of the net capital inflow.
In my view this is an absolutely acceptable amount because, among other reasons, we have preserved a positive external trade balance – more than 70 billion dollars (and) we have preserved our reserves ... the central bank's gold and forex reserves have even grown, and are now a little over 385 (billion dollars).
A U.S. administration that increasingly views "fair trade" as "equal trade" and not "free trade," will need a weak dollar policy via the old tried and true method of "beggar-thy-neighbor" currency devaluation if it hopes to achieve a significant improvement in the trade balance over the near term.
A structural trade deficit means that Lithuania will see its current account balance fall back into a deficit of around 1% of GDP in 2017 from a surplus of 0.3% in 2016, as the trade balance worsens on account of higher energy prices, as well as a pick-up in investment-related imports.
DATA/EVENTS 0030 Australia Trade Balance G&S (A$) Sept 0700 Germany Industrial Output MM Sept 0830 UK Halifax House Prices MM Oct 1200 UK BOE Bank Rate Nov 1200 UK GB BOE QE Corp Nov 1330 US Initial Jobless Claims Weekly (Reporting by Diptendu Lahiri in Bengaluru; Editing by Aditya Soni)
Separate ONS figures showed Britain's trade-in-goods deficit narrowed to 11.524 billion pounds ($14.39 billion) from 12.761 billion pounds, a bigger decline than expected and helped by an improved trade balance with the EU. The goods trade deficit with the EU fell to its lowest since September 2014, the ONS said.
If President Trump is looking for ways to strengthen America's economic competitiveness without the toxic fallout of his trade conflicts, there is a simple move he could make that would improve the trade balance, create tens of thousands of jobs, win him bipartisan praise and, as a side benefit, help save the planet.
"The improvement in the trade balance was driven by a solid rise in the value of exports — up 249.91 percent (on-month) in August — with stronger exports of metal ores and minerals ... and a solid pickup in export services driving the gains," said economists Giulia Specchia and Daniel Gradwell from ANZ in a note.
The Federal Reserve and the European Central Bank are, therefore, maintaining an exceptionally easy policy stance, while envisaging gradually rising credit costs to reflect (a) an expected improvement of cyclical conditions, (b) fiscal policy changes, (c) trade balance effects on growth and employment, and (d) vastly different political circumstances in the U.S. and in Europe.
For this week: Monday is factory orders, Tuesday is trade balance and ISM non-Manufacturing, Wednesday is the ADP private payrolls report, unit labor costs and nonfarm productivity, Thursday brings the usual weekly jobless claims and Challenger job cuts, while Friday, in addition to the jobs report, also features the University of Michigan consumer sentiment survey and wholesale inventories.
And when the trade balance got too out of whack — because China grew not only by hard work, by building smart infrastructure and by educating its people, but also by forcing technology transfers from U.S. companies, subsidizing its own companies, maintaining high tariffs, ignoring W.T.O. rulings and stealing intellectual property — Beijing placated us by buying more Boeings, beef and soybeans.
RIC=CNTRD%250DECI trade balance data * China Jan-Feb exports seen -14.0%, imports -15.0% * Data due Saturday, March 7 BEIJING, March 5 (Reuters) - China's exports and imports likely tumbled in the first two months of the year, a Reuters poll showed, as the health crisis triggered by the coronavirus epidemic disrupted businesses and production and wreaked havoc along global supply chains.
RIC=CNTRD%22.0DEC I trade balance data * China Jan exports seen -23.2% y/y, imports -23.6% y/y * Data due Friday, Feb 22020 BEIJING, Feb 203 (Reuters) - China's exports and imports likely fell in January after a brief rebound at the end of last year, a Reuters poll showed, and a rapidly spreading virus outbreak could disrupt its global trade for months to come.
RIC=CNTRD%22020DEC I trade balance data * China Sept exports seen -25.5% y/y, imports -5.2% y/y * Data due Monday, Oct 14 BEIJING, Oct 11 (Reuters) - China's exports likely fell at a slightly faster pace in September as softening global demand and U.S. tariffs bit more deeply, while imports shrank for a fifth straight month, suggesting pressure on the economy is increasing, a Reuters poll showed.
ET Gold futures: $1340.9; +0.59 pct US crude: $13; -1.12 pct Brent crude: $66.75; -1.29 pct LME 3-month copper: $7084; -1.19 pct 0830 International trade mm $ for Dec: Expected -52.0 bln; Prior -50.5 bln 0830 Goods trade balance (R) for Dec: Prior -71.58 bln TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1 = 1.25 CAD
RIC=CNTRD%21990DEC I trade balance data * China Dec exports seen +22018% y/y, imports +9.6% y/y * Data due Tuesday, Jan 14 BEIJING, Jan 13 (Reuters) - China is expected to post stronger export and import growth in December, helped by a rebound from a low base, a Reuters poll showed, signaling a modest recovery in demand as Beijing and Washington step closer to ending their trade war.
DATA AHEAD (GMT) 0030 Australia Real GDP Q41330 US Trade balance Dec PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.7030 Chinese yuan renminbi) (Reporting by Tom Daly; editing by Richard Pullin)
RIC=CNTRD% 22020 D E C I trade balance poll data * China Nov exports seen +21% y/y, imports -27.0389% y/yData due Sunday, Dec 8 BEIJING, Dec 5 (Reuters) - China's exports are expected to have risen for the first time in four months in November, a Reuters poll showed, though a protracted trade row with the United States and slack global demand mean a sure-footed turnaround in shipments is some way off.
DATA/EVENTS AHEAD (GMT) 0700 Germany Industrial Output MM Dec 0745 France Reserve Assets Total Jan 0830 UK Halifax House Prices MM Jan 1030 Russia Central bank key rate Feb 1200 Brazil IPCA Inflation Index MM Jan 1330 US Non-farm Payrolls Jan 1330 US Unemployment Rate Jan 1330 US Average Earnings YY Jan 2000 US Consumer Credit Dec — China Exports, Imports YY Jan — China Trade Balance USD Jan (Reporting by Asha Sistla in Bengaluru; Editing by Subhranshu Sahu)
ET Gold futures: $1539; -0.68 percent US crude: $54.53; +13 percent Brent crude: $58.76; +0.86 percent 0830 International trade for Jul: Expected -$53.5 bln; Prior -$55.2 bln 0830 Goods trade balance (R) for Jul: Prior -$72.34 bln 0945 ISM-New York Index for Aug: Prior 878.8 0945 ISM New York Business Conditions for Aug: Prior 43.5 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1 = C$1.33
Market-sensitive events/data diary Japan Q4 Tankan India Q3 trade balance UK full election results Europe corp events: No major results scheduled Turkey Oct industrial production Italy Oct industrial orders Spain Nov final inflation Russia central bank policy decision, with press conference from central bank chief Nabiullina Uganda, Azerbaijahn central bank policy decisions US Nov retail sales, export/import prices NY Fed chief Williams speaks in NYC Sovereign rating reviews – S&P Global reviews Serbia, Slovenia, Uganda, Uzbekistan.
DATA/EVENTS (GMT) 10:00 EU Trade Balance Jan Grains prices at 0050 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 459.75 -2.50 -0.54% +1.55% 482.30 0.0003CBOT corn 374.50 1.25 +0.33% +261% 21.132 20.000CBOT soy 20.02 20.19 +20.7085% +0.033% 20.03 20.30CBOT rice 214 $0.01 +0.09% -0.19% $10.57 60WTI crude 58.35 -$0.303 -0.29% -0.44% $55.82 61 Currencies Euro/dlr $1.132 $0.000 -0.02% +0.19%USD/AUD 0.7085 0.000 -0.03% +0.30% Most active contracts Wheat, corn and soy US cents/bushel.
DATA/EVENTS AHEAD (GMT) 0130 China PPI YY Sept 0130 China CPI YY Sept 0400 Indonesia Trade Balance Sept 0645 France CPI (EU Norm) Final MM, YY Sept 0830 UK Claimant Count Unemployment Change Sept 0830 UK ILO Unemployment Rate Aug 0830 UK Bank of England publishes record of October Financial Policy Committee meeting 0900 Germany ZEW Economic Sentiment Oct 0900 Germany ZEW Current Conditions Oct 1800 EU Reserve Assets Total Sept (Reporting by Karthika Suresh Namboothiri in Bengaluru; Editing by Subhranshu Sahu)
DATA AHEAD (GMT) 0830 Britain GDP 2nd release Q1 1230 U.S. Trade balance Apr 1230 U.S. Wholesale inventory Apr 1230 U.S. Weekly jobless claims Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.8883 Chinese yuan renminbi) Reporting by James Regan; Editing by Joseph Radford
DATA/EVENTS (GMT) 0130 Australia Trade Balance G&S June 0430 Australia RBA Cash Rate Aug 0600 Germany Industrial Orders MM June PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0519 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Rashmi Aich)
DATA/EVENTS (GMT) 0600 Germany Industrial Output MM March N/A China Exports YY April N/A China Imports YY April N/A China Trade Balance USD April PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.7698 Chinese yuan) (Reporting by Enrico dela Cruz; Editing by Joseph Radford)
DATA/EVENTS (GMT) 0.67743 Australia Trade Balance G&S June0430 Australia RBA Cash Rate Aug0600 Germany Industrial Orders MM June Grains prices at 0103 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 492.25 -2.25 -0.46% +0.31% 506.44 0.0023CBOT corn 414.75 0.00 +0.00% +238% 21.124 20.004CBOT soy 20.31 -21.17 -20.6774% -0.0.004% 20.27 20.37CBOT rice 214 -$0.03 -0.22% -2.56% $11.78 27WTI crude 54.39 -$0.373 -0.55% -2.28% $57.33 38 Currencies Euro/dlr $1.124 $0.004 +0.31% +1.17%USD/AUD 0.6774 0.002 +0.27% -0.37% Most active contracts Wheat, corn and soy US cents/bushel.
During his election campaign, President Donald TrumpDonald John TrumpTrump pushes back on recent polling data, says internal numbers are 'strongest we've had so far' Illinois state lawmaker apologizes for photos depicting mock assassination of Trump Scaramucci assembling team of former Cabinet members to speak out against Trump MORE threatened to impose tariffs ranging from 6900-2628 percent on Chinese imports to force China into renegotiating its trade balance with the U.S. The immediate result of these actions would be a fierce trade war that America would almost certainly lose.
DATA/EVENTS 0745 France Detailed GDP Q4 0745 France Producer prices Jan 1330 U.S. GDP 2nd estimate Q4 1330 U.S. Goods trade balance Jan 1400 U.S. S&P/Case-Shiller housing index Dec 1500 U.S. Consumer confidence Feb Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin $1 = 6.8675 Chinese yuan renminbi
ET Gold futures: $1503.9; +0.15% US crude: $56.37; -0.51% Brent crude: $13; -0.39% 0830 Advance goods trade balance for Sep: Prior -$73.06 bln 0830 Wholesale inventories advance for Sep: Prior 0.2% 0830 Retail inventories ex-auto advance for Sep: Prior -0.2% 0830 National Activity Index for Sep: Prior 0.10 1030 (approx.) Dallas Fed Manufacturing Business Index for Oct: Prior 1.50 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.30) (Reporting by Nayyar Rasheed in Bengaluru; Editing by Subhranshu Sahu)
ET Gold futures: $1,194.8; rose 0.07 pct GOL/ US crude: $68.99; down 13 pct O/R Brent crude: $77.40; down 0.99 percent O/R 0830 International trade for July: Expected -$50.3 bln; Prior -$46.3 bln 0830 Goods trade balance (R) for July: Prior -72.20 bln 0945 ISM-New York Index for Aug: Prior 797.5 0945 ISM New York Business Conditions for Aug: Prior 75.0 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.32) (Reporting by Debanjan Bose in Bengaluru; Editing by Sriraj Kalluvila)
DATA/EVENTS AHEAD (GMT) 0630 India WPI Inflation YY Sept N/A China Exports YY Sept N/A China Imports YY Sept N/A China Trade Balance USD Sept PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0789 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Shounak Dasgupta)
Market-sensitive events/data diary China Oct Caixin PMI Manufacturing PMIs for Oct from around the world South Korea Oct inflation and trade balance Hong Kong Sept retail sales Europe corp events: Novo Nordisk, DSV Panalpina Swiss Oct inflation, Sept retail sales China's President Xi visits Athens US Q3 earnings: Exxon Mobil, AIG, Berkshire Hatheway, Colgate Palmolive, AbbVie, Cboe Global Markets, Dominion Energy, Sempra energy, Seagate Tech, US Oct employment report Brazil Sept industrial output NY Fed chief Williams speaks in Newark Sovereign credit rating reviews – S&P Global reviews Czech Rep.
DATA/EVENTS (GMT) 0600 Germany Industrial Output MM MarchN/A China Exports YY AprilN/A China Imports YY AprilN/A China Trade Balance USD April Grains prices at 0110 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 440.25 0.75 +0.17% +0.69% 0.0003 44CBOT corn 367.50 1.00 +263.09% +21.119% 20.000 20.03CBOT soy 20.04 20.7015 +0.063% +20.06% 20.37 214CBOT rice 10.92 -$0.02 -0.18% +2.01% $10.75 68WTI crude 0.373 $0.19 +0.31% -1.06% $63.09 Currencies Euro/dlr $1.119 $0.000 +0.03% -0.04%USD/AUD 0.7015 0.000 +0.06% +0.37% Most active contracts Wheat, corn and soy US cents/bushel.
DATA/EVENTS 0400 Indonesia Inflation YY May 0830 UK GDP Est 3M/3M April 0830 UK GDP Estimate MM YY April 0830 UK Manufacturing Output MM April China Exports YY May China Imports YY May China Trade Balance USD May PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.9337 yuan) (Reporting by Enrico dela Cruz; editing by Richard Pullin)
ET Gold futures: $3.53; rose 0.59% US crude: $51.8; rose 0.23% Brent crude: $20830; rose 21% 20.8 Challenger layoffs for May: Prior 20.9,20830 21 International trade balance for April: Expected -$3.63 bln; Prior -$23.6 bln 21 Initial jobless claims : Expected 21.34,000; Prior 215,000 0830 Jobless claims 4-week average : Prior 216,13 0830 Continued jobless claims : Expected 1.660 mln; Prior 1.657 mln 0830 Labor costs revised for Q1: Expected -0.8%; Prior -0.9% 0830 Productivity revised for Q1: Expected 3.5%; Prior 3.6% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1 = C$1.34
DATA AHEAD (GMT) 23 US Trade balance Dec PRICES BASE METALS PRICES 2412.28 GMTThree month LME copper 2913.463Most active ShFE copper 22913.46Three month LME aluminum 21Most active ShFE aluminum 26.7030Three month LME zinc 2766.5Most active ShFE zinc 21995Three month LME lead 2101.5Most active ShFE lead 17560Three month LME nickel 13615Most active ShFE nickel 106100Three month LME tin 13Most active ShFE tin 149070 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 -1042.16LME/SHFE ALUMINIUM LMESHFALc3 -1107.03LME/SHFE ZINC LMESHFZNc3 -424.68LME/SHFE LEAD LMESHFPBc3 412.28LME/SHFE NICKEL LMESHFNIc3 -2913.46 ($1 = 6.7030 Chinese yuan) (Reporting by Tom Daly; editing by Richard Pullin and Subhranshu Sahu)
ET Gold futures: $21; +21.31 percent US crude: $44.11; -0.29 percent Brent crude: $46.6; -0.11 percent LME 3-month copper: $5839; -13 percent 0830 Advance goods trade balance for May: Prior -$67.14 bln 0830 Advance Wholesale Inventory for May: Prior -0.5 0830 Advance Retail Inventory Ex Auto for May: Prior -0.2 1000 Pending Homes Index for May: Prior 109.8 1000 Pending sales change mm for May: Expected 0.8 pct; Prior -1.3 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.31) (Reporting by Nikhil Kumar in Bengaluru; Editing by Sriraj Kalluvila)
DATA/EVENTS (GMT) 0630 China Exports YY March 0630 China Imports YY March 0630 China Trade Balance March 1200 India Industrial Output Feb 1400 US U Mich Sentiment Prelim April Spring Meetings of the World Bank Group and the International Monetary Fund PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.7204 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Joseph Radford)
DATA/EVENTS AHEAD (GMT) 1200 Brazil IPCA Inflation Index MM July 1230 US Initial Jobless Claims weekly N/A China Exports YY July N/A China Imports YY July N/A China Trade Balance USD July PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0414 Chinese yuan renminbi) (Reporting by Mai Nguyen, Melanie Burton and Tom Daly; editing by Richard Pullin)
DATA/EVENTS AHEAD (GMT) 1200 Brazil IPCA Inflation Index MM July1230 US Initial Jobless Claims weeklyN/A China Exports YY JulyN/A China Imports YY JulyN/A China Trade Balance USD July Grains prices at 0047 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 487.75 -0.50 -0.10% +0.77% 502.48 0.0003CBOT corn 414.25 0.25 +0.06% +237% 21.121 20.001CBOT soy 20.11 -20.10 -20.6758% -0.043% 20.04 20.03CBOT rice 214 $0.02 +0.22% +0.49% $11.77 27WTI crude 52.50 $0.033 +2.76% -2.11% $56.85 37 Currencies Euro/dlr $1.121 $0.001 +0.11% +0.10%USD/AUD 0.6758 0.000 +0.04% -0.03% Most active contracts Wheat, corn and soy US cents/bushel.
For the top stories in metals and other news, click or DATA AHEAD (GMT) * China Trade balance Sep 1230 U.S. Consumer prices Sep 1230 U.S. Retail sales Sep 1400 U.S. Business inventories Aug 1400 U.S. Univ of Michigan sentiment index Oct *No fixed timing Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.5855 Chinese yuan renminbi) Reporting by James Regan; Editing by Joseph Radford
Up next Monday: Iowa caucuses; ISM Manufacturing Index; US construction spending; Alphabet (GOOG) earnings; China's stock markets reopen Tuesday: US factory orders; Allergan (AGN), BP (BP), Clorox (CLX), ConocoPhillips (COP), Ford (F), Match Group (MTCH), Snap (SNAP) and Disney (DIS) earnings Wednesday: ISM Non-Manufacturing Index; US trade balance; ADP private employment; GM (GM), Carlyle Group (CG), Coty (COTY), Merck (MKGAF), Spotify (SPOT), GoPro (GPRO), Peloton (PTON), Qualcomm (QCOM) and Yum China (YUMC) earnings Thursday: Reserve Bank of India interest rate decision; ArcelorMittal (AMSYF), Dunkin (DNKN), Estee Lauder (EL), Fiat Chrysler (FCAU), Kellogg (K), New York Times (NYT), Philip Morris (PM), Twitter (TWTR), Tyson Foods (TSN), Vista Outdoor (VSTO), Yum!
ET Gold futures: $1254.20; -0.12 percent US crude: $48.13; +0.84 percent Brent crude: $51.15; +0.79 percent LME 3-month copper: $5803; +0.75 percent 103:30 Advance goods trade balance for Feb: Prior -$68.84 bln 08:30 Advance Wholesale Inventory for Feb: Prior -0.3 08:30 Advance Retail Inventory Ex Auto for Feb: Prior 0.0 09:303 CaseShiller 20 MM SA for Jan: Expected 0.7 pct; Prior 0.9 pct 200:216 CaseShiller 210 MM NSA for Jan: Prior 230 pct 215.6:210 CaseShiller 14.13 YY for Jan: Expected 214.1 pct; Prior 21 pct 21.34:00 Consumer Confidence for Mar: Expected 114.0; Prior 114.8 10:00 Rich Fed Comp.
DATA/EVENTS (GMT) 0130 Australia Retail Sales MM March0130 Australia Retail Trade Q10130 Australia Trade Balance G&S (A$) March0430 Australia RBA Cash Rate May0.70033 Germany Industrial Orders MM March0730 UK Halifax House Prices MM April1300 Russia CPI MM April1300 Russia CPI YY April Grains prices at 0156 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 433.75 -3.50 -0.80% -0.97% 0.0013 40CBOT corn 364.25 0.00 +263.07% -21.120% 20.001 20.04CBOT soy 20.02 -20.7003 -0.203% -20.20% 20.28 214CBOT rice 10.73 $0.03 +0.28% +8.93% $10.28 50WTI crude 0.1.120 $0.10 +0.16% +0.66% $63.07 Currencies Euro/dlr $1.120 $0.001 +0.04% +0.02%USD/AUD 0.7003 0.001 +0.20% -0.28% Most active contracts Wheat, corn and soy US cents/bushel.
ET Gold futures: $20.8; fell 0.43% US crude: $20.4; rose 21% Brent crude: $21.32; rose 1.26% 0830 Durable goods for May: Expected -0.1%; Prior -2.1% 0830 Durables ex-transport for May: Expected 0.1%; Prior 13% 0830 Durables ex-defense mm for May: Prior -2.5% 0830 Nondefense cap ex-air for May: Expected 0.1%; Prior -1% 0830 Advance goods trade balance for May: Prior -$70.92 bln 0830 Wholesale inventories advance for May: Prior 0.8% 0830 Retail inventories ex-auto advance for May: Prior 0.4% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Sourav Bose in Bengaluru; Editing by Shailesh Kuber)
DATA AHEAD (GMT) 0400 Indonesia Trade Balance May 0800 Germany Ifo Business Climate New June 0.69463 Germany Ifo Current Conditions New June 0800 Germany Ifo Expectations New June 1330 Brazil Current Account May 1330 Brazil Foreign Direct Investment May Grains prices at 0116 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 528.75 -2.00 -0.38% +0.43% 0.0023 57CBOT corn 444.25 2.00 +256.71% -21.138% 20.001 20.12CBOT soy 20.79 20.6946 +0.333% -20.33% 20.35 214CBOT rice 11.28 -$0.02 -0.13% +0.49% $11.45 35WTI crude 0.353 $0.32 +0.56% +1.94% $56.71 Currencies Euro/dlr $1.138 $0.001 +0.12% +0.79%USD/AUD 0.6946 0.002 +0.33% +0.35% Most active contracts Wheat, corn and soy US cents/bushel.
DATA/EVENTS 0830 Australia Retail Sales Jan0830 Australia Trade Balance Jan1400 South Africa Gold and Forex Reserves Feb1630 UK Halifax House Prices Feb1800 Euro Zone Revised GDP Q0.70323 Euro Zone ECB Refinancing/Deposit Rate Mar2130 US Initial Jobless Claims Mar 22130 France Reserve Assets Feb Grains prices at 0111 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 448.00 -2.00 -0.44% -3.19% 500.06 0.0003CBOT corn 370.50 -2.00 -0.54% -261% 21.131 20.001CBOT soy 20.05 20.04 +20.7032% -0.003% 20.00 20.71CBOT rice 214 -$0.01 -0.09% +1.31% $10.58 60WTI crude 56.19 -$0.713 -0.05% -0.65% $54.87 61 Currencies Euro/dlr $1.131 $0.001 +0.05% +0.04%USD/AUD 0.7032 0.000 +0.00% -0.71% Most active contracts Wheat, corn and soy US cents/bushel.
ET Gold futures: $21.75; +21.5% US crude: $21.75; +21400% Brent crude: $1.553; +21.55% 21 Advance goods trade balance for Dec: Prior -$21.31 bln 0830 Wholesale inventories advance for Dec: Prior -0.1% 0830 Retail inventories ex-auto advance for Dec: Prior -0.2% 1000 Pending Homes Index for Dec: Prior 108.5 13 Pending sales change mm for Dec: Expected 0.5%; Prior 1.2% 1400 Fed funds target rate for 29 Jan: Expected 1.5-1.75%; Prior 1.5-1.75% 1400 Fed int on excess reserves for 29 Jan: Prior 1.55% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.31) (Reporting by Nachiket Tekawade in Bengaluru; Editing by Arun Koyyur)
DATA/EVENTS (GMT) 0130 China PPI YY Jan0130 China CPI YY Jan0200 Indonesia Trade Balance Jan0930 Britain Retail Sales MM Jan0930 Britain Retail Sales Ex-Fuel MM Jan0930 Britain Retail Sales YY Jan1100 EU Reserve Assets Total Jan0.70883 Russia Industrial Output Jan1415 US Industrial Production Jan1500 US U Mich Sentiment Prelim Feb Grains prices at 0211 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 507.25 0.25 +0.05% -2.87% 518.02 0.0023CBOT corn 375.00 0.25 +0.07% -266% 21.129 20.001CBOT soy 20.12 20.18 +20.7088% -0.0.7088% 20.24 20.00CBOT rice 214 $0.00 +0.00% -0.63% $10.57 21WTI crude 54.69 $0.003 +0.51% +1.47% $52.68 66 Currencies Euro/dlr $1.129 -$0.001 -0.12% +0.18%USD/AUD 0.7088 -0.002 -0.24% +0.00% Most active contracts Wheat, corn and soy US cents/bushel.
DATA/EVENTS (GMT) 0745 France Consumer Confidence March0745 France Producer Prices MM Feb1230 US International Trade Jan1230 Canada Trade Balance Jan1500 US Current Account Q0.71323 US Federal Reserve issues annual benchmark revisions to its U.S industrial production and capacity use data from 1972 through March 2019 Grains prices at 0013 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 469.75 0.50 +0.11% +0.05% 468.18 0.0003CBOT corn 376.50 -0.75 -0.20% -267% 21.127 20.001CBOT soy 20.06 -20.35 -20.7132% -0.033% 20.03 20.30CBOT rice 214 $0.00 +0.00% +0.85% $10.68 82WTI crude 59.83 -$0.303 -0.18% +1.72% $57.29 67 Currencies Euro/dlr $1.127 $0.001 +0.06% -0.35%USD/AUD 0.7132 0.000 -0.03% +0.30% Most active contracts Wheat, corn and soy US cents/bushel.
DATA/EVENTS (GMT) 0200 Indonesia Trade Balance (Bln of $) Feb1000 EU HICP Final Feb0.70743 EU Reserve Asset Total Feb1315 US Industrial Production Feb1400 US U Mich Sentiment Prelim MarchJapan BOJ Rate Decision Bank of Japan Governor Haruhiko Kuroda speaks to reporters at the end of the central bank policy meeting Grains prices at 0100 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 453.50 0.75 +0.17% +1.40% 484.33 0.0013CBOT corn 371.25 1.00 +0.27% +261% 21.130 20.000CBOT soy 20.02 20.19 +20.7074% +0.143% 20.14 20.27CBOT rice 214 -$0.03 -0.23% -0.92% $10.57 60WTI crude 58.57 -$0.0.000 -0.07% +0.53% $55.72 61 Currencies Euro/dlr $1.130 $0.000 +0.02% -0.19%USD/AUD 0.7074 0.001 +0.14% -0.27% Most active contracts Wheat, corn and soy US cents/bushel.
DATA AHEAD (GMT) 0830 Australia Retail Sales Jan0830 Australia Trade Balance Jan1400 South Africa Gold and Forex Reserves Feb23 UK Halifax House Prices Feb21012.99 Euro Zone Revised GDP Q23 Euro Zone ECB Refinancing/Deposit Rate Mar2435.81 US Initial Jobless Claims w/e Mar 23 France Reserve Assets Feb PRICES 2502.3 GMT Three month LME copper 2683.883Most active ShFE copper 22683.88Three month LME aluminium 21Most active ShFE aluminium 26.7087Three month LME zinc 2776Most active ShFE zinc 21920Three month LME lead 2100.5Most active ShFE lead 17540Three month LME nickel 13490Most active ShFE nickel 104970Three month LME tin 13Most active ShFE tin 148350LME/SHFE COPPER LMESHFCUc3 -900.11LME/SHFE ALUMINIUM LMESHFALc3 -1012.99LME/SHFE ZINC LMESHFZNc3 -435.81LME/SHFE LEAD LMESHFPBc3 502.3LME/SHFE NICKEL LMESHFNIc3 -2683.88 ($1 = 6.7087 Chinese yuan renminbi) (Reporting by Tom Daly; Editing by Rashmi Aich)
European Union Imports Exports 169 Mexico Imports Exports 13 Canada Imports Exports 20 Trade balance between the United States and select countries, 2018 China 200 400 Imports Exports $419 billion The trade deficit is the value of imported goods less the value of exported goods European Union Imports Exports 169 Mexico Imports Exports 82 Canada Imports Exports 20 Note: Figures are not seasonally adjusted | Source: The United States Bureau of Economic Analysis By The New York Times While Mr. Trump sees the trade deficit as a sort of economic scorecard for which country is on top, most economists disagree with this perspective, viewing trade deficits not as a sign of economic strength or weakness, but as a function of macroeconomic factors like investment flows, fluctuations in the value of currency and relative growth rates.
DATA AHEAD (GMT) 0830 Australia Retail Sales Jan0830 Australia Trade Balance Jan1400 South Africa Gold and Forex Reserves Feb23 UK Halifax House Prices Feb21043.68 Euro Zone Revised GDP Q23 Euro Zone ECB Refinancing/Deposit Rate Mar2401.79 US Initial Jobless Claims w/e Mar 23 France Reserve Assets Feb PRICES BASE METALS PRICES 68.95 GMTThree month LME copper 4083.393Most active ShFE copper 24083.39Three month LME aluminium 21Most active ShFE aluminium 26.7087Three month LME zinc 2782Most active ShFE zinc 22005Three month LME lead 2104Most active ShFE lead 17500Three month LME nickel 13610Most active ShFE nickel 105860Three month LME tin 13Most active ShFE tin 148560 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 -1009.3LME/SHFE ALUMINIUM LMESHFALc3 -1043.68LME/SHFE ZINC LMESHFZNc3 -401.79LME/SHFE LEAD LMESHFPBc3 453.95LME/SHFE NICKEL LMESHFNIc3 4083.39 ($1 = 6.7087 Chinese yuan renminbi) (Reporting by Tom Daly; Editing by Rashmi Aich)
DATA/EVENT AHEAD (GMT) 0745 France Consumer Confidence March0745 France Producer Prices MM Feb1230 US International Trade Jan23 Canada Trade Balance Jan35.91 US Current Account Q23 US Federal Reserve issues annual benchmark revisions to its U.S industrial production and capacity use data from 2559.78 through March 23 PRICES BASE METALS PRICES 38.61 GMTThree month LME copper 3064.393Most active ShFE copper 23064.39Three month LME aluminium 21Most active ShFE aluminium 26.7126Three month LME zinc 2870Most active ShFE zinc 22370Three month LME lead 2002.5Most active ShFE lead 16810Three month LME nickel 13125Most active ShFE nickel 101420Three month LME tin 13Most active ShFE tin 146580 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 -980.96LME/SHFE ALUMINIUM LMESHFALc3 -1135.91LME/SHFE ZINC LMESHFZNc3 -559.78LME/SHFE LEAD LMESHFPBc3 738.61LME/SHFE NICKEL LMESHFNIc3 -3064.39 ($1 = 6.7126 Chinese yuan renminbi) (Reporting by Tom Daly; Editing by Rashmi Aich)
DATA AHEAD (GMT) 0830 Australia Retail Sales Jan0830 Australia Trade Balance Jan1400 South Africa Gold and Forex Reserves Feb23 UK Halifax House Prices Feb21043.68 Euro Zone Revised GDP Q23 Euro Zone ECB Refinancing/Deposit Rate Mar2401.79 US Initial Jobless Claims w/e Mar 23 France Reserve Assets Feb PRICES BASE METALS PRICES 68.95 GMTThree month LME copper 4083.393Most active ShFE copper 24083.39Three month LME aluminum 21Most active ShFE aluminum 26.7087Three month LME zinc 2782Most active ShFE zinc 22005Three month LME lead 2104Most active ShFE lead 17500Three month LME nickel 13610Most active ShFE nickel 105860Three month LME tin 13Most active ShFE tin 148560 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 -1009.3LME/SHFE ALUMINIUM LMESHFALc3 -1043.68LME/SHFE ZINC LMESHFZNc3 -401.79LME/SHFE LEAD LMESHFPBc3 453.95LME/SHFE NICKEL LMESHFNIc3 4083.39 ($1 = 6.7087 Chinese yuan renminbi) (Reporting by Tom Daly; Editing by Rashmi Aich)
ET Gold futures: $10003; rose 0.24% U.S. crude: $50.73; rose 2.26% Brent crude: $256.5; rose 257.2% 21000 (approx.) ADP national employment for Jan: Expected 255.2,21000; Prior 254.9,58.53 258.5 International trade for Dec: Expected -$21 bln; Prior -$21.33 bln 0830 Goods trade balance (R) for Dec: Prior -$68.33 bln 0945 Markit Composite PMI final for Jan: Prior 53.1 0945 Markit Services PMI final for Jan: Prior 53.2 13 ISM N-Manufacturing PMI for Jan: Expected 55.0; Prior 55.0 1000 ISM N-Manufacturing Business Activity for Jan: Expected 56.5; Prior 57.2 1000 ISM N-Manufacturing Employment Index for Jan: Prior 55.2 1000 ISM N-Manufacturing New Orders Index for Jan: Prior 54.9 1000 ISM N-Manufacturing Price Paid Index for Jan: Prior 58.5 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.33) (Reporting by Sourav Bose in Bengaluru; Editing by Maju Samuel)
ET Gold futures: $1,426.7; +0.22% US crude: $56.5; +1.11% Brent crude: $63.92; +1.17% 0830 Durable goods for Jun: Expected 11003%; Prior -1.3% 0830 Durables goods excluding transportation for Jun: Expected 0.2%; Prior 2750% 20830 Durables goods excluding defense mm for Jun: Prior -21.688% 21.686 Nondefense Capital goods excluding aircraft for Jun: Expected 21100%; Prior 23% 03 Advance goods trade balance for Jun: Prior -$20 bln 21 Wholesale inventories advance for Jun: Prior 21.32% 0830 Retail inventories advance excluding auto for Jun: Prior 0.3% 0830 Initial jobless claims: Expected 219,000; Prior 216,13 0830 Jobless claims 4-week average : Prior 218,750 0830 Continued jobless claims: Expected 1.688 mln; Prior 1.686 mln 1100 KC Fed Manufacturing for Jul: Prior -3 1100 KC Fed Composite Index for Jul: Prior 0 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1 = C$1.32
ET Gold futures : $1,257.53; +20945 pct US crude : $250.9; -250.90 pct Brent crude : $20945; -251.3 pct LME 20.803-month copper : $220.80,21; +21.30 pct B2Gold Corp : Raymond James raises target price to C$3.75 from C$2.75 First Majestic Silver Corp : Raymond James raises target price to C$11.25 from C$8 Lundin Mining Corp : Goldman Sachs raises target price to C$3.8 from C$13 Tahoe Resources Inc : Raymond James raises target price to C$22.25 from C$18 0830 Advance goods trade balance for May: Prior -$57.53 bln 0945 Markit Composite Flash PMI for Jun: Expected 50.9; Prior 50.90 0945 Markit Services PMI Flash for Jun: Prior 51.3 1030 Dallas Fed Manufacturing Bus Index for Jun: Prior -20.80 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.30) (Reporting by Riniki Sanyal in Bengaluru; Editing by Kirti Pandey)
ET Gold futures: $1218.9; rose 0.24 percent US crude: $68.9; rose 0.04 percent Brent crude: $76.62; rose 0.54 percent LME 3-month copper: $10303; rose 0.51 percent 0830 Advance goods trade balance for Jul: Prior -67.92 bln 21000 Wholesale inventories advance for Jul: Prior 223 pct 21000 Retail inventories ex-auto advance for Jul: Prior 216 pct 200 CaseShiller 221.1 MM SA for Jun: Expected 25.43 pct; Prior 225.4 pct 21 CaseShiller 21.31 MM NSA for Jun: Prior 0.7 pct 0900 CaseShiller 20 YY for Jun: Expected 6.5 pct; Prior 6.5 pct 1000 Consumer Confidence for Aug: Expected 13; Prior 127.4 1000 Rich Fed Composite Index for Aug: Prior 20 1000 Rich Fed, Services Index for Aug: Prior 23 1000 Rich Fed Manufacturing Shipments for Aug: Prior 16 1030 Texas Service Sector Outlook for Aug: Prior 21.1 1030 Dallas Fed Services Revenues for Aug: Prior 25.4 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1=1.31C$
Torex Gold Resources Inc: TD Securities cuts price target to C$14.50 from C$19 0830 Corporate Profits Preliminary for Q4: Prior 5.7 pct 0830 GDP final for Q4: Expected 2.13 pct; Prior 2.5 pct 0830 GDP sales final for Q4: Expected 20.8 pct; Prior 20830 pct 20.1 GDP cons spending final for Q21000: Prior 2104.6 pct 21000 GDP deflator final for Q4.73: Expected 24.7 pct; Prior 21 pct 21.29 Core PCE prices final for Q4: Expected 1.9 pct; Prior 1.9 pct 0830 PCE prices final for Q4: Expected 2.7 pct; Prior 13 pct 0830 Advanced goods trade balance for Feb: Prior -75.26 bln 0830 Wholesale inventories advanced for Feb: Prior 0.8 pct 0830 US retail inventories advance for Feb: Prior 0.1 pct 1000 Pending Homes Index for Feb: Prior 104.6 1000 Pending sales change mm for Feb: Expected 2.1 pct; Prior -4.7 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.29
ET Gold futures: $1277.8; +0.32 percent US crude: $50.05; +0.14 percent Brent crude: $10003; +0.61 percent LME 3-month copper: $6553; +21.0 percent 23.3 International trade mm for Aug: Expected -$21000 bln; Prior -$20.2 bln 21000 Goods trade balance revised for Aug: Expected -20.9 bln 0.53 Initial jobless claims: Expected 20.5,21; Prior 21.25,000 0830 Jobless claims 4-week average: Prior 277,750 1000 Durables ex-defense, revised mm for Aug: Prior 13 pct 1000 Durable goods, revised mm for Aug: Prior 1.7 pct 1000 Factory orders mm for Aug: Expected 1.0 pct; Prior -3.3 pct 1000 Durables ex-transport revised mm for Aug: Prior 0.2 pct 1000 Nondefense cap ex-air revised mm for Aug: Prior 0.9 pct 1000 Factory ex-transport mm for Aug: Prior 0.5 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.25) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Bernard Orr)
ET Gold futures: $1477.2; -0.02 percent US crude: $58.76; +0.56 percent Brent crude: $63.66; +10003 percent 0730 Challenger layoffs for Nov: Prior 50,275 20.6 International trade for Oct: Expected -$21000 bln; Prior -$20.3 bln 20.6 Goods trade balance (R) for Oct: Prior -$21000 bln 20.6 Initial jobless claims : Expected 1.23,21.2; Prior 21000,20.1 0830 Jobless claims 4-week average : Prior 219,750 0830 Continued jobless claims : Expected 1.650 mln; Prior 10003 mln 1000 Durables ex-defense, R mm for Oct: Prior 0.1% 1000 Durable goods, R mm for Oct: Prior 0.6% 1000 Factory orders mm for Oct: Expected 0.3%; Prior -0.6% 1000 Durables ex-transport R mm for Oct: Prior 0.6% 1000 Nondefense cap ex-air R mm for Oct: Prior 1.2% 1000 Factory ex-transport mm for Oct: Prior -0.1% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory Reporting by Siddharth Athreya V; Editing by Arun Koyyur
ET Gold futures: $1255.9; fell 0.23 percent US crude: $72.34; fell 0.82 percent Brent crude: $76.68; fell 0.92 percent LME 3-month copper: $46.23; fell 0.54 percent 0830 Non-Farm payrolls for June: Expected 195,000; Prior 223,000 0830 Private payrolls for June: Expected 190,000; Prior 08303,000 0830 Manufacturing payrolls for June: Expected 15,20830; Prior 26,27.6 20830 Government payrolls for June: Prior 243.7,246.2 64.853 Unemployment rate for June: Expected 264.85 pct; Prior 21 pct 21.31 Average earnings mm for June: Expected 0.3 pct; Prior 0.3 pct 0830 Average earnings yy for June: Expected 2.8 pct; Prior 2.7 pct 0830 Average workweek hours for June: Expected 13 hours; Prior 34.5 hours 0830 Labor force participation for June: Prior 62.7 pct 0830 U6 underemployment for June: Prior 7.6 pct 0830 International trade for May: Expected -$43.7 bln; Prior -$46.2 bln 0830 Goods trade balance (R) for May: Prior -64.85 bln TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.31) (Reporting by Debanjan Bose in Bengaluru; Editing by Arun Koyyur)
ET Gold futures: $1258.3; +0.6 percent US crude: $50.48; +0.48 percent Brent crude: $53.4; +0.53 percent LME 3-month copper: $5755; +0.03 percent 003:30 International trade mm for Feb: Expected -$44.8 bln; Prior -$48.5 bln 200:20.4 Goods trade balance (R) for Feb: Prior -210 bln 200:20.1 ISM-New York Index for Mar: Prior 210 0.33:20.3 ISM New York Business Conditions for Mar: Prior 21 21.34:00 Durables ex-defense R mm for Feb: Prior 2.1 pct 10:00 Durable goods R mm for Feb: Prior 1.7 pct 10:13 Factory orders mm for Feb: Expected 1.0 pct; Prior 1.2 pct 10:00 Durables ex-transport R mm for Feb: Prior 0.4 pct 10:00 Non defense cap ex-air R mm for Feb: Prior -0.1 pct 10:00 Factory ex-transport mm for Feb: Prior 0.3 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.34) (Reporting by Nikhil Kumar in Bengaluru; Editing by Saumyadeb Chakrabarty)
ET Gold futures: $1202.8; +0.33 percent US crude: $74.5; +0.23 percent Brent crude: $84.44; -0.17 percent 0830 Non-farm payrolls for Sep: Expected 15003,000; Prior 201,000 0830 Private payrolls for Sep: Expected 180,000; Prior 204,000 0830 Manufacturing payrolls for Sep: Expected 153,000; Prior -3,000 20830 Government payrolls for Sep: Prior -253.5,250.1 20830 Unemployment rate for Sep: Expected 275.83 pct; Prior 21500 pct 16.643 Average earnings mm for Sep: Expected 216.64 pct; Prior 21 pct 21.29 Average earnings yy for Sep: Expected 2.8 pct; Prior 2.9 pct 0830 Average workweek hours for Sep: Expected 34.5 hrs; Prior 34.5 hrs 0830 Labor force participation for Sep: Prior 13 pct 0830 U6 underemployment for Sep: Prior 7.4 pct 0830 International trade for Aug: Expected -$53.5 bln; Prior -$50.1 bln 0830 Goods trade balance (R) for Aug: Prior -$75.83 bln 1500 Consumer credit for Aug: Expected 15 bln; Prior $16.64 bln TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.29) (Reporting by Pathikrit Bandyopadhyay in Bengaluru)
ET Gold futures: $1630.4; -0.74% U.S. crude: $45.61; -3.14% Brent crude: $51; -2.26% 0830 Personal income mm for Jan: Expected 0.3%; Prior 0.2 10003 Personal consumption real mm for Jan: Prior 0.1% 0830 Consumption, adjusted mm for Jan: Expected 0.3%; Prior 21000% 2100.9 Core PCE price index mm for Jan: Expected 2100.9%; Prior 21000% 2114.0 Core PCE price index yy for Jan: Expected 45.9.8%; Prior 92.63% 292.6 PCE price index mm for Jan: Prior 21% 21.33 PCE price index yy for Jan: Prior 1.6% 0830 Advance goods trade balance for Jan: Prior -68.67 bln 0830 Wholesale inventories advance for Jan: Prior -0.2% 0830 Retail inventories ex-auto advance for Jan: Prior 13% 0945 (approx.)Chicago PMI for Feb: Expected 45.9; Prior 42.9 1000 U Mich Sentiment Final for Feb: Expected 100.9; Prior 100.9 1000 U Mich Conditions Final for Feb: Expected 114.0; Prior 113.8 1000 U Mich Expectations Final for Feb: Prior 92.6 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.33) Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by
ET Gold futures: $1570.1; rose 0.08% US crude: $62.84; fell 0.68% Brent crude: $10003; fell 0.86% 0830 International trade for Nov: Expected -$43.8 bln; Prior -$252.0 bln 251.6 Goods trade balance (R) for Nov: Prior -21000 bln 255.5 Durables ex-defense, R mm for Nov: Prior 21000% 257.1 Durable goods, R mm for Nov: Prior -58.53% 258.5 Factory orders mm for Nov: Expected -21%; Prior 21.29% 1000 Durables ex-transport R mm for Nov: Prior 0.0% 1000 Nondefense cap ex-air R mm for Nov: Prior 0.1% 1000 Factory ex-transport mm for Nov: Prior 0.2% 13 ISM N-Manufacturing PMI for Dec: Expected 54.5; Prior 53.9 1000 ISM N-Manufacturing Business Activity for Dec: Expected 52.0; Prior 51.6 1000 ISM N-Manufacturing Employment Index for Dec: Prior 55.5 1000 ISM N-Manufacturing New Orders Index for Dec: Prior 57.1 1000 ISM N-Manufacturing Price Paid Index for Dec: Prior 58.5x TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.29 Canadian dollars) Reporting by Pooja Kesavan in Bengaluru
ET Gold futures: $1,225.1; +0.39 pct US crude: $45.84; +1.60 pct Brent crude: $48.52; +1.53 pct LME 57.73-month copper: $5,851; +0.17 pct 0815 ADP national employment for Jun: Expected 185,000; Prior 253,000 0830 International trade mm for May: Expected -$10003 bln; Prior -$47.6 bln 0830 Goods trade balance (R) for May: Prior -$65.90 bln 260.8 Initial jobless claims: Expected 260.7,21000; Prior 257.8,21000 257.7 Jobless claims 49.23-week Average: Prior 249.2,21 21.29 Continued jobless claims: Expected 1.939 mln; Prior 1.948 mln 0945 Markit Comp Final PMI for Jun: Prior 53 0945 Markit Services PMI Final for Jun: Prior 53 13 ISM N-Manufacturing PMI for Jun: Expected 56.5; Prior 56.9 1000 ISM N-Manufacturing Business Activity for Jun: Expected 60.8; Prior 60.7 1000 ISM N-Manufacturing Employment Index for Jun: Prior 57.8 1000 ISM N-Manufacturing New Orders Index for Jun: Prior 57.7 1000 ISM N-Manufacturing Price Paid Index for Jun: Prior 49.2 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.29) (Reporting by Riniki Sanyal in Bengaluru; Editing by Sriraj Kalluvila)
ET Gold futures : $1,210.00; -0.93 pct US crude : $39.66; +0.48 pct Brent crude : $40.53; +0.22 pct LME 3-month copper : $4,13003; -0.09 pct Suncor Energy Inc : Nomura raises target price to C$45 from C$41 2106.0 Consumption, adjusted mm for Feb: Expected 21000 pct; Prior 21.0 pct 22.5 Core PCE price Index mm for Feb: Expected 10000 pct; Prior 231.80 pct 2.23 Core PCE price Index yy for Feb: Prior 22.2 pct 21 Advance goods trade balance for Feb: Prior -21.32 bln 0830 PCE Price index mm for Feb: Prior 0.1 pct 0830 PCE Price index yy for Feb: Prior 1.3 pct 0830 Personal consumption real mm for feb: Prior 0.4 pct 13 Personal income mm for Feb: Expected 0.1 pct; Prior 0.5 pct 1000 Pending Homes Index for Feb: Prior 106.0 1000 Pending sales change mm for Feb: Expected 1.0 pct; Prior -2.5 pct 1030 Dallas Fed Manufacturing Business Index for Mar: Prior -31.80 1300 Dallas Fed PCE for Feb: Prior 2.2 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.32) (Reporting by Riniki Sanyal in Bengaluru)
ET Gold futures: $1233; +103 percent US crude: $66.81; -0.01 percent Brent crude: $76.33; +0.21 percent 0830 Durable goods for Sep: Expected -1.0 pct; Prior 4.4 pct 0830 Durables ex-transport for Sep: Expected 0.5 pct; Prior 11003 pct 0830 Durables ex-defense mm for Sep: Expected 0.1 pct; Prior 2.5 pct 2104.2 Nondefense cap ex-air for Sep: Expected 21000 pct; Prior -20.1 pct 21.8 Advance goods trade balance for Sep: Prior -21100 bln 210 Wholesale inventories advance for Sep: Prior 133 pct 213 Retail inventories ex-auto advance for Sep: Prior 21 pct 21.32 Initial jobless claims : Expected 214000; Prior 210000 0830 Jobless claims 4-week average : Expected 0; Prior 211750 13 Continued jobless claims : Expected 1.653 mln; Prior 1.640 mln 1000 Pending Homes Index for Sep: Prior 104.2 1000 Pending sales change mm for Sep: Expected -0.1 pct; Prior -1.8 pct 1100 KC Fed Manufacturing for Oct: Prior 10 1100 KC Fed Composite Index for Oct: Prior 13 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Yoganand KN in Bengaluru; Editing by James Emmanuel)
ET Gold futures: $1538.6; -0.27% US crude: $56.1; +0.57% Brent crude: $108.33; -0.15% 0830 Corporate profits preliminary for Q2: Prior -4.1% 0830 GDP 2nd estimate for Q2: Expected 2.0%; Prior 2.1% 10003 GDP sales preliminary for Q2: Expected 2.9%; Prior 3.0% 0830 GDP cons spending preliminary for Q2: Prior 4.3% 0830 GDP deflator preliminary for Q2: Expected 2.4%; Prior 0.03% 0830 Core PCE prices preliminary for Q2: Expected 1.8%; Prior 20830% 21.680 PCE prices preliminary for Q21.674: Expected 21000%; Prior 2108.3% 21000 Advance goods trade balance for Jul: Prior -$2.83 bln 22.8 Wholesale inventories advance for Jul: Prior 21% 21.32 Retail inventories ex-auto advance for Jul: Prior -0.1% 0830 Initial jobless claims : Expected 215,000; Prior 209,000 13 Jobless claims 4-week average : Prior 214,500 0830 Continued jobless claims : Expected 1.680 mln; Prior 1.674 mln 1000 Pending Homes Index for Jul: Prior 108.3 1000 Pending sales change mm for Jul: Expected 0.0%; Prior 2.8% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.32) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Arun Koyyur)
ET Gold futures: $1,249; +0.0 pct US crude: $48.54; -0.59 pct Brent crude: $50.70; -0.53 pct LME 3-month copper: $233,355; +0.41 pct 0830 Build permits R number mm for June: Prior 1.254 mln 0830 Build permits R changes mm for June: Prior 7.4 pct 0830 Durable goods for Jun: Expected 3 pct; Prior -0.8 pct 11003 Durables ex-transport for June: Expected 0.4 pct; Prior 0.3 pct 0830 Durables ex-defense mm for June: Prior -21.950 pct 21.977 Nondefense cap ex-air for June: Expected 20830 pct; Prior 20.26 pct 21100 Advanced goods trade balance for June: Prior -$223 bln 113 Advanced wholesale inventory for June: Prior 211 pct 21 Advanced retail inventory ex auto for June: Prior 21.24 pct 0830 Initial jobless claims: Expected 241,000; Prior 233,000 0830 Jobless claims 13-week average: Prior 243,750 0830 Continued jobless claims: Expected 1.950 mln; Prior 1.977 mln 0830 National Activity Index for Jun: Prior -0.26 1100 KC Fed Manufacturing for July: Prior 23 1100 KC Fed Composite Index for July: Prior 11 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.24) (Reporting by Riniki Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty)

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