China’s trade surplus in March eclipsed a trade deficit of (-) 31.5 in February, a low not reached since 1989, according to custom administration data.
Chinese exports for March were 8.9 %, higher than estimated but still significantly lower than 18.4 % for February.
Imports for March reached 5.3% which is sharply lower than earlier estimates of 9% from Bloomberg and Reuters.
On Friday China will release their 1st quarter GDP is expected to be closely watched to provide a economic snapshot of the world’s second largest economy.
Bond yields of Spanish and Italian bonds are rising again.
Spain’s 10 yr. bond yield rose to 9 basis points to 5.83% while Italy’s 10 yr. bond grew 15 basis points to 5.5%.
Germany reported a trade surplus of 14.7 billion for March.