Sunday, February 13, 2011
Data to WaTcH
Today China may come out with its trade balance index data and it is expected that it will show a decline of almost 30% as compared to previous data leading to a development of negative sentiments in Chinese markets and creating some pressure on commodities as china is the largest consumer of copper and other base metals.
The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments.
Export data can give reflection on the growth in China. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the CNY.
Todays performance
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