China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.» Read More
*Copper and oil hit by China, U.S. jobs data knocks gold. LONDON, March 10- World stocks edged off a six-year peak and commodities from copper to crude oil tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.
*Iron ore stocks in China swell to record 105 mln tonnes. SINGAPORE, March 10- Chinese steel and iron ore futures fell to their lowest levels ever on Monday after a surprise drop in exports swung China's trade balance into deficit last month and amplified fears of a slowdown in the world's No. 2 economy.
*China swings to trade deficit in February, exports tumble. *China copper imports fall 30 pct in Feb vs Jan. LONDON, March 10- London copper hit an eight-month low on Monday and Shanghai contracts dropped by the 5 percent daily limit, fanned by fears over the unwinding of copper finance deals in China after its first domestic bond default last week.
*Copper, oil hit by China, stronger US jobs knocks gold. LONDON, March 10- World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.
Charles Dumas, chief economist at Lombard Street Research, says that in terms of volumes, Chinese exports are "not all that much lower," and explains why he continues to be bearish on China.
Weekend data showed China's exports unexpectedly tumbled in February, with a near-20 percent year-on-year dip swinging the trade balance into deficit.
Steven Englander, global head of G10 foreign exchange strategy at Citi, says the Chinese export data must be read very carefully and discusses the data's impact on the Australian dollar.
Financial spreadbetters predicted Britain's FTSE 100 would open as much as 0.06 percent higher, Germany's DAX up 0.13 percent and France's CAC 40 add as much as 0.18 percent. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.4 percent, and Tokyo's Nikkei stock average shed 1.0 percent, retreating from Friday's six-week high.
TOKYO, March 10- A government panel has recommended Japan lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.
*China's yuan, money markets down after disappointing export data. SHANGHAI, March 10- Chinese short-term rates and the yuan fell on Monday following surprisingly weak exports data at the weekend, fuelling expectations Beijing is quietly easing monetary policy to buttress wobbly economic growth.
Louis Kuijs, Chief China Economist at RBS, attributed worse-than expectations Chinese trade data for February to over-invoicing issues and Chinese new year distortion effects.
TOKYO, March 10- The Bank of Japan is expected to maintain its massive monetary stimulus on Tuesday on a view the economy can weather a sales tax increase in April without extra support, although there is expected to be some concern about weakness in exports.
Disappointing Chinese trade data and uncertainty in Ukraine underlie the 'risk off' sentiment in Asian equity markets on Monday, says Kingsley Jones, Founder and CIO of Jevons Global.
Uwe Parpart, Managing Director, Head of Research, Reorient Financial Markets, explains why investors should not be taking China's disappointing trade data to heart.
Jian Chang, Chief China Economist at Barclays, explains the underlying factors that may have weighed on latest Chinese trade data.
SINGAPORE, March 10- U.S. crude futures slipped in early Asian trade on Monday, as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, stoking demand growth concerns. But worries over supply disruptions due to geopolitical tensions in Ukraine and north African exporter Libya limited falls.
TOKYO, March 10- Japan posted a record current account deficit in January and fourth quarter growth was revised down, heightening fears of a deepening economic slowdown amid soft exports and an expected chill in demand from an increase in the sales tax.
TOKYO, March 10- Japan's current account logged a record deficit in January, Ministry of Finance data showed on Monday, as a bulging trade deficit eats into the country's balance of payments. The deficit stood at 1.589 trillion yen, against economists' median estimate of a 1.4 trillion yen deficit.
TOKYO, March 10- Asian stocks slipped in early trade on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent, and Australian shares shed 0.5 percent.
Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, says he is concerned about latest Chinese trade data, which paints a picture of weak commodities demand.