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Pre-Market Primer: China Trade Data Lifts Global Stocks
Stocks are set to rally today on encouraging trade data from China largely offsetting a disappointing report on initial jobless claims. China's exports came in stronger than expected. The country's trade surplus rose to $31.62 billion in December 2012 from $19.63 billion in the month before. Exports rose 14.1% to a seven-month high and imports gained 6%. Economists expected just a 4.5% gain in exports and 2.6% in imports. Strong import demand in the world's second-largest economy lifted industrial commodity and energy futures. The data also pushed up the Aussie dollar and helped weigh on the Japanese yen. New ...
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