China Exports Gained 7.2% in August on Improving Macro Environment (FXI)
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China stocks are up following economic data showing improved economic activity from the world's largest emerging market.
On Sunday, China's General Administration of Customs said that exports rose 7.2 percent in August, from a 5.1 percent gain in July and contraction of 3.1 percent for June.
Imports saw a 7.0 percent gain in August, down from a 10.9 percent rise the prior month.
U.S. markets are also higher as the general consensus behind China's numbers hints at an improving U.S. economy, though the macro picture is also getting some of the limelight today.
Other economic data out over the weekend points to consumer prices rising 2.6 percent in August from the same period last year, versus a 2.7 percent read in July and flat with expectations. Producer prices slipped 1.6 percent, slightly narrower than views and better than a 2.3 percent drop in July.
Traders are keeping an eye on the iShares China Large-Cap (NYSE: FXI), iShares MSCI China Index (NYSE: MCHI), and SPDR S&P China (NYSE: GXC) ETFs today.
On Sunday, China's General Administration of Customs said that exports rose 7.2 percent in August, from a 5.1 percent gain in July and contraction of 3.1 percent for June.
Imports saw a 7.0 percent gain in August, down from a 10.9 percent rise the prior month.
U.S. markets are also higher as the general consensus behind China's numbers hints at an improving U.S. economy, though the macro picture is also getting some of the limelight today.
Other economic data out over the weekend points to consumer prices rising 2.6 percent in August from the same period last year, versus a 2.7 percent read in July and flat with expectations. Producer prices slipped 1.6 percent, slightly narrower than views and better than a 2.3 percent drop in July.
Traders are keeping an eye on the iShares China Large-Cap (NYSE: FXI), iShares MSCI China Index (NYSE: MCHI), and SPDR S&P China (NYSE: GXC) ETFs today.
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