A partir de ahora somos Elev8
Somos más que un simple corredor. Somos un ecosistema de trading todo en uno: todo lo que necesitas para analizar, operar y crecer está en un solo lugar. ¿Listo para elevar tu trading?
Noticias de trading
8 May 2013
Forex Flash: Strong Chinese trade data likely reflects capital flows not fundamentals - Nomura
FXstreet.com (Barcelona) - Nomura economist, Zhiwei Zhang notes that strong trade data likely reflects capital flows rather than fundamentals.
He begins by noting that export growth rose to 14.7% y-o-y in April from 10% in March and import growth rose to 16.8% from 14.1%. The trade balance rose to a USD18.2bn surplus from a USD0.9bn deficit. He believes that the strong trade growth is not indicative of a growth recovery, but instead, it may be partly driven by the fact that April had two more working days than it did last year. Moreover, he feels that it is inconsistent with the weak trade data in Korea and Taiwan, which suggests it may reflect continued capital inflows in April. he writes, “On 6 May, the government announced it would tighten regulations on misreporting by importers and exporters, which indicates that some companies may have overstated their trade flows to circumvent capital controls and move capital into China.” He expects the policy actions announced by the government will be implemented in May and June, after which trade growth will likely slow.
He begins by noting that export growth rose to 14.7% y-o-y in April from 10% in March and import growth rose to 16.8% from 14.1%. The trade balance rose to a USD18.2bn surplus from a USD0.9bn deficit. He believes that the strong trade growth is not indicative of a growth recovery, but instead, it may be partly driven by the fact that April had two more working days than it did last year. Moreover, he feels that it is inconsistent with the weak trade data in Korea and Taiwan, which suggests it may reflect continued capital inflows in April. he writes, “On 6 May, the government announced it would tighten regulations on misreporting by importers and exporters, which indicates that some companies may have overstated their trade flows to circumvent capital controls and move capital into China.” He expects the policy actions announced by the government will be implemented in May and June, after which trade growth will likely slow.