China’s exports grew 32.3% from a year earlier in April, official data showed on Friday, beating market expectations as the world’s second-largest economy continues to recover from the COVID-19 pandemic. The exports growth compared with a 24.1% growth tipped by a Reuters poll of economists. Imports rose 43.1% from a year earlier, compared with a 42.5% rise tipped by the Reuters poll. China ran a trade surplus of $42.85 billion for the month, customs said, compared with a $28.1 billion surplus tipped by the Reuters poll. (Reporting by Stella Qiu and Kevin Yao; writing by Se Young Lee; Editing by Sam Holmes) (full story)

China's Trade Balance for April, in Yuan terms, came in at CNY276.5 billion versus CNY87.98 billion last. The exports in the fourth month of 2021 surged 22.2% vs. 30.7% expected and 20.7% last. Imports jumped by 32.2% vs. 12.6% expected and 27.7% prior. In USD terms, China reported a massive increase in the trade surplus, as imports and exports both surged above forecasts. Trade Balance came in at +42.85B versus +28.10B expected and +13.80 previous. Exports (YoY): +32.3% vs. +24.1% exp. and +30.6% last. Imports (YoY): +43.1% vs. +42.5% exp. and +38.1% last. Additional takeaways China Jan-April exports to the US ... (full story)

AUD/USD struggles to keep bounce off the day’s bottom. China trade surplus increase, import and exports jump in April. Risk appetite remains firm during a pre-NFP trading lull. US jobs report for April becomes the key, China headlines, covid news are extra catalysts to follow. AUD/USD fades bounce off intraday low while taking rounds to 0.7775, down 0.10% on a day, during early Friday. In doing so, the Aussie pair pays a little heed to the upbeat trade data from China, not to forget mildly optimistic market sentiment. China Trade Balance crossed $28.1B forecast and $13.8B prior with $42.85B release. Also, Imports ... (full story)