Cypriot Balance of Trade (Nov) -631.3M vs. Exp. -680.0M (Prev. -762.8M , Rev. -764.4M )
The Cypriot balance of trade for November reported a deficit of -631.3M, which is better than the expected -680.0M and an improvement from the previous figure of -762.8M.
BofA Flow Show (USD): Bull & Bear Indicator remains at 9.0
US GOP is reportedly pushing ahead to prevent China from getting access to US tech such as chips, via Axios
Cypriot Balance of Trade (Nov) -631.3M vs. Exp. -680.0M (Prev. -762.8M , Rev. -764.4M )
Greek Industrial Production YoY (Nov) Y/Y 2.6% vs. Exp. 5.1% (Prev. 6.4%)
China is to cancel VAT export rebates for solar panel products from 1st April 2025; battery export rebate cut to 6% (prev. 9%) until the end of 2026, but will be fully removed from 1st January 2027
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This tighter deficit may indicate a slight strengthening in trade dynamics, potentially reflecting improving demand or adjustments in imports and exports, which could have implications for the current economic conditions in the region and affect the euro's performance.
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