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Tuesday, March. 8th
Some in AM: China trade balance (Feb) In recent months, China’s exports have been falling at a faster pace than its imports, resulting in record-high trade surpluses despite the fact that exports are falling. The market expects that phenomenon to reverse somewhat in February, resulting in a smaller surplus. That might be AUD-positive if the market reads it as an indication that the decline in imports has bottomed.
07:00 GMT German industrial production (Jan): German factory orders fell mom in January but nonetheless were better than expected, as yesterday’s data showed. That raises the possibility of an upside surprise in today’s industrial production figures, which could be EUR-positive.
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