Chinese Exports YoY (Mar) Y/Y 2.5% vs. Exp. 8.3% (Prev. 21.8%)
Chinese exports for March showed a year-over-year increase of only 2.5%, significantly missing expectations of 8.3% and down from the previous 21.8%.
Chinese Yuan-Denominated Imports YY (Mar) 23.8% (Prev. 10.9%)
Chinese Yuan-Denominated Exports YY (Mar) -0.7% (Prev. 36.1%)
Chinese Exports YoY (Mar) Y/Y 2.5% vs. Exp. 8.3% (Prev. 21.8%)
[MARKET ANALYSIS] DXY is little changed after weakening yesterday on optimism regarding US-Iran talks
Amazon (AMZN) is said to be nearing a deal for Globalstar (GSAT) as it seeks to compete with Starlink
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This sharp decline suggests weakening global demand and could have implications for China's economic outlook and policy response, possibly impacting trade relationships and commodities linked to Chinese demand.
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