China’s better-than-expected trade figures in December have sparked questions over whether trade flows have been inflated by investors evading capital controls and the extent of incentives being offered by government agencies to prop up exports.
A day after being told by an RBS analyst to "sell everything," someone is buying stocks and oil. Crude futures are up, European markets have jumped at the open and U.S. futures are higher by around 1%. Better than expected export trade data from China has given investors some respite after a terrible start to the year.
Oil prices rose for the first time in eight days on Wednesday as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures.
Next Trading Day's Important Events
- USDJPY: 118.15
- EURUSD: 1.0833
- S&P 500: 1,938.68
- NASDAQ : 4685.9