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Market Overview
? US Trade Balance at a deficit of $50.1 billion in April.
? Shanghai Copper inventories declined around 10 percent in last week.
? German Trade Balance at surplus of 14.1 billion Euros in April.
? UK’s PPI input declined to 2.5 percent in last month.
Asian markets are trading on a positive note today on the back of Spain
seeking help from the Euro region to bailout 100 billion Euros for its
banking system. Additionally, increase in China’s exports has also acted
as a positive factor for the upbeat global sentiments.
US Trade Balance was at a deficit of $50.1 billion in April as against a
previous deficit of $52.6 billion a month ago. Wholesale Inventories
increased by 0.6 percent in April from rise of 0.3 percent in previous
month.
China’s Trade Balance was at a surplus of 18.7 billion Yuan in previous
month as against 18.4 billion Yuan in April. Consumer Price Index (CPI)
rose at slow pace of 3 percent in May from previous rise of 3.4 percent
in April. Producer Price Index (PPI) declined by 1.4 percent in last month
as compared to previous decline of 0.7 percent in April.
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