IV:Euro zone trade surplus widens to EUR14.3 billion in September
Investing.com - The euro zone’s trade surplus widened more-than-expected in September, official data showed on Monday.
In a report, Eurostat said the trade surplus widened to a seasonally adjusted EUR14.3 billion in September from EUR12.3 billion in August.
Analysts had expected the euro zone’s trade surplus to widen to EUR14.2 billion in September.
The data showed that exports totaled EUR158.5 billion in September, up from EUR156.9 billion in August, while imports came in at EUR144.2 billion, down from EUR144.6 billion in the preceding month.
Following the release of the data, the euro was modestly higher against the U.S. dollar, with EUR/USD adding 0.09% to trade at 1.3509.
Meanwhile, European stock markets turned higher. The EURO STOXX 50 rose 0.35%, France’s CAC 40 added 0.3%, London’s FTSE 100 inched up 0.1%, while Germany's DAX tacked on 0.3%.
