U.S. Stocks Move Higher After Soft Chinese Trade Data Raises Expectations For Further Easing

NAU.S. stock indexes are all above 1 percent in early trading on Tuesday morning after weaker than expected trade data from China has raised expectations that the Chinese central bank will provide additional easing measures to jumpstart growth and new data released today shows the euro area grew more than expected in the first two quarters of 2015.

Chinese exports fell more than expected for two consecutive months amid growing concerns about the health of the Chinese economy.

Exports in August dropped 5.5 percent after lowering 8.3 percent in July, highlighting concerns about weak global demand.

Better Euro Area GDP Growth

Euro area GDP growth was revised higher in the first quarter of 2015 from 0.4 percent to 0.5 percent and in the 2nd quarter it was revised from 0.3 percent to 0.4 percent, according to euro stat.

Euro area 2nd quarter 2015 GDP rose by 1.5 percent compared with the 2nd quarter of 2014.

Last week, the ECB lowered its growth forecast and ECB President Mario Draghi hinted that their stimulus measures could be extended longer than expected amid concerns about slowing growth in China and its impact on euro area growth.

-Johnathan Schweitzer


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