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December 2015

Foreign trade subtracted by 0.3 cents

Published: Tuesday 08 December 2015

Eurozone GDP figures came in as expected this morning. Rising inventories and an increase in household spending offset the weakness in the trade numbers from the Eurozone. Foreign trade subtracted by 0.3 cents as imports rose significantly more than exports.

Canadian Housing Starts grew unexpectedly through November. The strength in the Housing Starts has been a surprise as the Canadian economy is struggling as the price of oil remains weak, the housing boom has lasted longer than expected.
Later today we have the Bank of Canada’s governor Poloz speaking as well as Australian Consumer Spending figures. Tomorrow morning there is a raft of Chinese inflation data  as well as the Swiss Unemployment rate before we begin trading in the UK.