Macro picture offers a mix of dataWe heard much again late this week about the shaky situation in Europe and the loss of 5,500 jobs in Canada. Meanwhile this positive news emerges from China based on August data. This comes on the heels of a shaky second corner for many markets:
China's import, export growth strengthened in August; surplus narrows to $17.8 billion
By The Associated Press
BEIJING, China - China's government says it's trade growth accelerated in August and its trade surplus narrowed.
Customs data released Saturday show that China's exportgrowth rose in August to 24.5 per cent from July's 20.4 per cent.Imports jumped to 30.2 per cent, up from July's 22.9 per cent.
Trade surplus for the month stood at $17.8 billion, which was down from July's from 24-month high of $31.5 billion.