World Business NewsA round up of the latest news for those doing business internationally
Asian markets make gains on upbeat Chinese data
Zone(s): China, Asia ¦ Sector(s): Economy
[9 June 2014, CITY A.M.] Asian markets are on the rise after data from China showed a rise in the May trade surplus, with exports jumping seven per cent on year. The rise in exports can partly be attributed to the easing of distortions caused by over-invoicing.
On Friday, the Dow Jones and the S&P 500 rose to record highs after US non-farm payrolls showed 217,000 jobs were created in May, with the jobless rate remaining at 6.3 per cent.