EU Balance of Trade (Feb) 11.5B vs. Exp. 11.1B (Prev. -1.9B)
The EU's balance of trade for February shows a significant surplus of 11.5 billion, beating expectations of 11.1 billion and reversing from a deficit of 1.9 billion in the previous month.
[MARKET ANALYSIS] Global fixed benchmarks broadly unchanged awaiting geopolitical developments and Fed speak
IATA estimates that some cancellations could be seen by the end of May in Europe due to the lack of jet fuel
EU Balance of Trade (Feb) 11.5B vs. Exp. 11.1B (Prev. -1.9B)
[MARKET UPDATE] Crude futures continue to dip with WTI Jun under USD 89/bbl and Brent Jun dipping under USD 97.50/bbl; recent macro headlines have been light
[MARKET ANALYSIS] GBP softens modestly UK politics, EUR/GBP fails to catapult 0.8720
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This improvement indicates stronger export performance and could support the euro against the dollar, affecting market sentiment towards the ongoing trade dynamics.
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