Shares in Asia-Pacific mostly slipped overnight, failing to pick up momentum from the U.S. after the S&P 500 notched another record closing high, fueled in part by dovish comments from the Federal Reserve.
Fed Chairman Jerome Powell called the economic recovery uneven, signaling that monetary policy will remain loose until a more robust recovery is attained, which sent U.S. Treasury yields lower. U.S. stock futures point to a muted open on Wall Street Friday.
In corporate news, Spanish infrastructure group ACS has expressed interest in taking a surprise stake in Atlantia s motorway unit, the Italian conglomerate announced Thursday.
China pulls German trade up but Brexit hits UK business
Updated / Friday, 9 Apr 2021
09:10
German exports rose in February, boosted by strong trade with China
German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europe s largest economy despite a sharp drop in trade with the UK after Brexit.
Seasonally adjusted exports increased by 0.9% on the month after an upwardly revised rise of 1.6% in January, the Federal Statistics Office said on Friday.
German imports rose 3.6% after falling 3.5% in the prior month.
A Reuters poll had pointed to a 1% increase in exports and a 2.4% rise in imports. The trade surplus shrank to €19.1 billion, today s figures show.
Shares in Asia-Pacific mostly slipped overnight, failing to pick up momentum from the U.S. after the S&P 500 notched another record closing high, fueled in part by dovish comments from the Federal Reserve.
Fed Chairman Jerome Powell called the economic recovery uneven, signaling that monetary policy will remain loose until a more robust recovery is attained, which sent U.S. Treasury yields lower. U.S. stock futures point to a flat open on Wall Street Friday.
In corporate news, Spanish infrastructure group ACS has expressed interest in taking a surprise stake in Atlantia s motorway unit, the Italian conglomerate announced Thursday.
Shares in Asia-Pacific mostly slipped overnight, failing to pick up momentum from the U.S. after the S&P 500 notched another record closing high, fueled in part by dovish comments from the Federal Reserve.
Fed Chairman Jerome Powell called the economic recovery uneven, signaling that monetary policy will remain loose until a more robust recovery is attained, which sent U.S. Treasury yields lower. U.S. stock futures point to a flat open on Wall Street Friday.
In corporate news, Spanish infrastructure group ACS has expressed interest in taking a surprise stake in Atlantia s motorway unit, the Italian conglomerate announced Thursday.
Trade surplus shrinks to 19.1 bln euros Exports to China surge 25.7% y/y, those to UK slump 12.2% Industrial output -1.6% m/m in February (Adds economist comment, background)
BERLIN, April 9 (Reuters) - German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europe’s largest economy despite a sharp drop in trade with the United Kingdom after Brexit.
Seasonally adjusted exports increased by 0.9% on the month after an upwardly revised rise of 1.6% in January, the Federal Statistics Office said on Friday. Imports rose 3.6% after falling 3.5% in the prior month.
A Reuters poll had pointed to a 1.0% increase in exports and a 2.4% rise in imports. The trade surplus shrank to 19.1 billion euros. On the year, exports to China increased by 25.7%.