Reported Earlier, China Trade Balance (USD) For May 82.62B Vs. 72.20B Est.; 72.35B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for May was reported at $82.62 billion, significantly higher than the estimated $72.20 billion and the prior $72.35 billion.
June 07, 2024 | 4:53 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) is likely to see a positive impact due to China's stronger-than-expected trade balance for May, which came in at $82.62 billion compared to the estimated $72.20 billion.
A stronger-than-expected trade balance indicates robust economic activity in China, which is likely to positively impact the iShares China Large-Cap ETF (FXI) as it reflects the performance of large Chinese companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100