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Four Things that Happened Monday You should Know About
While the markets in the United States and parts of Europe were closed on Monday there are four things that took place that global investors need to know. 1. Japan reported smaller than expected trade deficit in April owing to stronger exports and weaker imports. The trade deficit of JPY53.4 bln was about one-seventh the size the consensus expected after a JPY227.4 bln surplus in March. Exports rose 8%, which, while off the 8.5% year-over-year pace in March, was better than the 6% forecast. Imports fell 4.2% year-over-year. The consensus had called for a 1% decline. The rise in exports follows the BOJ indication last ... (full story)
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