German Trade balance rose in March, beating analysts’ expectations. The report was released on Friday and has no significant impact on common currency.
According to the report, released by the Federal Statistical office of Germany, Trade balance for March averaged 19,8B, compared to 18,7B previous month. February readings before revision were 18,9B EUR. Analysts’ median estimate was 18,5B EUR
The unemployment rate in Switzerland rose in March, according to the report released by Swiss SECO. It rose by 3.5% in March compared to 3.4% in February. The actual reading matched analysts’ projection of 3.5%.
Asian equity markets saw bearish pressure on Friday, except Japanese and Hong Kong stocks, which managed to gain on the Yen correction, the MSCI Asia Pacific Index rose by 0.24%. Nikkei 225 and Topix rose by 0.46% and 1.18% respectively. Hang Seng ended this week with a 0.51% growth. CSI 300 and Australian ASX 200 index declined by 0.73% and 0.53% respectively, both hit by the receded crude prices on Thursday, as well as consumer companies’ share sell-off.
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