Chinese exports lift risk markets

The December trade figures are out from China and its lifted risk across the board due to the big increase in exports.

Maybe Pascoe, Kouk and other “professionals” et al are right and its not the end of the world?

The gist:

Trade Balance surplus of 382.05bn CNY Dec

• expected 338.80b, prior was 343.10b

Exports +2.3% y/y

• expected -4.1%, prior was -3.7%

Imports -4.0% y/y

• expected-7.9%, prior was -5.6%

The USD version is still to come, but this is the first increase in exports in awhile:

But the longer term view shows its well off its highs.

Imports continue to decline which remains a worry:

But risk doesnt care – its all up – the Aussie dollar is up to 70.4, ASX200 is up 1.2%, Nikkei soaring up 2.5% and Chinese stocks up 1% before the lunch pause.