Today’s stock markets, December 7th. Weak markets, pressure on the ECB increases. Industry declining in Italy and Germany

Chinese exports start to rise again, surprisingly

China’s exports surprisingly rose – for the first time in seven months – by 0.5% annually in November, beating market forecasts of a 1.1% decline and ending declines in the previous six months. among the signs of recovery in foreign demand. Imports fell by 0.6%, below the estimated +3.3% and after an increase of 3.0% in October, due to still fragile domestic demand. In detail, Chinese exports on an annual basis reached $291.93 billion last month, after a 6.4% decline in October. It was the first increase in exports since April, amid signs of improving global trade flows. Among the main trading partners, exports increased to the United States (7.3%) and Taiwan (6.4%), while they decreased to Japan (-8.3%), South Korea (-3.6%). %), Australia (-9.1%), ASEAN (-7.1%) and the EU (-14.5%). Looking at the first eleven months of the year, exports fell 5.2% year-on-year to $3.08 trillion. China therefore recorded a trade surplus of 68.39 billion dollars in November, up from 66.49 billion in the same month of 2022 and well above the 58 billion estimated on the eve by analysts.