FINWIRES · TerminalLIVE
FINWIRES

German Trade Surplus Narrows in March

By

Germany's calendar and seasonally adjusted trade surplus came in at 14.3 billion euros in March, down from the revised 19.6 billion euros in February, according to data from the country's Federal Statistical Office published Friday.

Analysts expected a trade surplus of 17.8 billion euros for the month, according to Investing.com data.

Exports edged up 0.5% month over month, compared with the 3.6% increase a month ago and the expected 1.7% decrease. Monthly imports were 5.1% higher, against the revised 4.9% growth earlier and the market forecast of 0.8% rise.

Related Articles

International

New Zealand's Total New Lending Rises in March

New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand released on Friday.New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.Personal consumer new lending increased to NZ$259 million from NZ$223 million. New lending for business rose to NZ$4.38 billion from NZ$2.74 billion.Lending for agricultural purposes rose to NZ$1.42 billion from NZ$854 million. Other new lending increased to NZ$384 million from NZ$250 million.

^NZ50
International

China Slams EU Restrictions on Solar Inverter Funding

China criticized the European Commission for restricting European Union funds for projects using Chinese inverters.A spokesperson for the Ministry of Commerce argued that EU's classification of China as a "high-risk country" has no basis and that the move serves only to stigmatize and discriminate China and its products.The South China Morning Post reported in April that EC President Ursula von der Leyen approved a proposal to block projects involving Chinese inverters from accessing EU funds.Siobhan McGarry, a spokeswoman for EC, confirmed the move to SCMP, saying they have taken "concrete action" to implement these measures, including the development of guidance for the restriction, according to a Tuesday SCMP report.

Shanghai Composite^SZSE
International

Japan's Real Wages in March Rise 1%

Japan's real wages in March edged up 1% from the same month a year earlier, resuming the upward trend over the past two months, according to the Ministry of Health, Labor and Welfare on Friday.The growth of real wages is considered essential for Japan to fully recover from its prolonged battle against deflation.Nominal wages, the average total monthly cash earnings per worker, including base, grew 1.6%, according to the government data. Overtime pay also gained 1.9%.

Nikkei 225