German exports fall in July

|By:, SA News Editor

German exports fall 1.1% M/M in July, surprising economists who were expecting an increase of 0.7%.

The news seems to contradict recent data which shows the eurozone may be pulling itself out of the economic doldrums — the EU is Germany's largest trading partner.

Imports rise 0.5% and the Germany's current account surplus narrows to €14.3B.

Official release

10-year bund (BUND, BUNL) yields tick 1 bps lower after hitting 17-month highs Thursday.

iShares MSCI Germany ETF: EWG