Canadian trade balance decreased more than expected

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Source: Forexpros

On Friday, Statistics Canada reported that the trade balance of Canada declined from a seasonally adjusted 0.2 billion in the month before to −0.4 billion in May. The fall is steeper than expected, since analysts predicted that the trade balance will be −0.1 billion. The figure for April was revised down by 0.2 billion, from 0.4 billion.

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Fri, 08 Jun 2012 17:50:32 GMT

Euro stock on decline, DAX off 0.22%

On Friday, stock markets in Europe closed lower on poor German export, Spanish sovereign downgrade. Fitch rating agency significantly decreased Spanish credit rating, German exports slipped 1.7%, compared to an expected 0.7% decline. European trade closed with EURO STOXX 50 0.03% increase, France's CAC 40 declined by 0.66%, and German DAX 30 fell by 0.22%.

Fri, 08 Jun 2012 20:24:29 GMT

U.S. trade balance decreased more than expected

On Friday, the Bureau of Economic Analysis reported that the United States' trade balance declined from −52.6 billion last month to −50.1 billion, which is more than expected since analysts had predicted it to be −49.5 billion. The figure for the preceding month was revised from −51.8 billion.

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