Be on the alert for a China trade surplus announcement in June

Which might prompt some boo hoo tweets from the Us Prez (so much winning whining!)

which in turn would weigh on risk currencies

China trade balance for June, in yuan terms:

  • expected is CNY 187bn, prior was CNY 156.1bn

Exports y/y:

  • expected is 4.0%, prior was 3.2%

Imports y/y:

  • expected is 12.6%, prior was 15.6%

USD terms

China trade balance for June:

  • expected is $27.72bn, prior was $24.92bn

Exports:

  • expected is 9.5%, prior was 12.6%

Imports:

  • expected is 21.3%, prior was 26.0%

Preview here:

As I mentioned earlier, no set time for this release, I expect some time after 0200 GMT