Market Currents
Calling Korea the "canary in the coalmine" because it releases export data earliest and has a...
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Thursday, May 3, 2012, 7:41 AM ETCalling Korea the "canary in the coalmine" because it releases export data earliest and has a high correlation to the rest of Asia, Goldman takes note of April's plunge (-16.7%) in exports to Europe (U.S. +5.6%). Overall daily nonship exports - "a better proxy for current global demand" - were flat M/M.
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