Thursday, July 17, 2025The biggest day of the week for economic reports and Q2 earnings is upon us. In fact, there is so much data in front of us, we should be able to fill this column with just the numbers. Pre-market futures were mixed but are now positive across the board: +30 points on the Dow, +10 on the S&P 500 and +70 points on the Nasdaq. Bond yields continue to creep up: +4.49% on the 10-year, +3.94% on the 2-year and +5.04% on the 30-year yield.A Cavalcade of Economic Results: Jobless Claims Healt ...

美国5月出口价格环比下降0.9%，预估下降0.2%。美国5月出口价格同比上涨1.7%，预期上涨2.5%。美 国5月进口价格同比上涨0.2%，预期持平。 ...

Core Viewpoint - Australia's merchandise trade surplus reached approximately AUD 6.9 billion (about RMB 32.16 billion) in March 2025, significantly exceeding market expectations of around AUD 3.13 billion, marking an increase of approximately AUD 4.05 billion from the adjusted surplus of AUD 2.85 billion in February [1] Group 1: Trade Surplus and Exports - The seasonally adjusted merchandise exports in March increased by approximately 7.6% month-on-month, reaching about AUD 45.35 billion [1] - The imports decreased by approximately 2.2% month-on-month, totaling about AUD 38.45 billion [1] - Rural goods exports fell by approximately 8.5% month-on-month to about AUD 6.22 billion, while non-rural goods exports rose by approximately 8.6% to about AUD 33.77 billion [1] Group 2: Export Price Index - In Q1 2025, the export price index for Australia rose by 2.1% month-on-month but fell by 4.7% year-on-year [2] - The increase in the export price index was primarily driven by rising iron ore prices due to the positive development of the Chinese economy, with metal ores and scrap metal export price indicators increasing by 5.4% in Q1 [2] - The demand for non-monetary gold as a safe-haven asset remained strong, leading to a 12.4% increase in its export price index during the same quarter [2] Group 3: Import Price Index - The import price index rose by 3.3% month-on-month and increased by 3.2% year-on-year in Q1 2025 [2] - Factors contributing to the rise in import prices included the depreciation of the Australian dollar and U.S. sanctions on oil from Russia and Iran, which led to an 8.2% increase in the price index for oil and related products [3] - The import price index for non-monetary gold also increased by 11.7%, contributing to the overall rise in Australia's import price index [3]