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Euro Zone Trade Balance Surplus Rises More-than-expected: Latest reports show
Monday, 15 November 2010
The euro zone’s trade balance surplus rose more-than-expected in September, official data showed on Monday.
In a report, Eurostat said the trade balance, or difference between imported and exported goods and services rose to a seasonally adjusted EUR 2.4 billion in September, after posting a deficit of EUR 1.7 billion August, whose figure was revised up from EUR 1.4 billion.
Economists had expected the trade balance to post a surplus of EUR 1.0 billion in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD falling 0.38 percent to hit 1.3640.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.14 percent,  France’s CAC 40 was down 0.19 percent, Germany’s DAX eased up 0.03percent, and the FTSE 100 declined 0.24 percent.
By Scancomark.se Team


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