SWISS WATCH STREET WRAP: Mainland China Exports Drop
2014-05-27 08:15:46.141 GMT
By Heather Burke
May 27 (Bloomberg) -- Swiss April watch exports rise 1.7%,
with China down 16.5%, according to Federation of the Swiss
Watch Industry.
* Swatch shrs down 0.2%
* Richemont down 0.9%, biggest SMI decliner
Citi:
* Up 2% in April vs 1Q up 4%
* Small negative, no signs of conditions getting better except
in Hong Kong, Japan
* Mainland China exports down 17%, Greater China (better
indicator) up 3% vs up 6% in March
Bryan Garnier:
* Small acceleration after March -0.3% even with y/y
comparison a bit tougher
* Greater China exports up 3.5% with big divergence between
Hong Kong, Mainland China
* Europe weak
* Mkt becoming more normal, Mainland China still volatile
Exane:
* Mainland China deceleration “abrupt,” offset by Hong Kong,
suggests caution
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To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-05-27 08:15:46.141 GMT
By Heather Burke
May 27 (Bloomberg) -- Swiss April watch exports rise 1.7%,
with China down 16.5%, according to Federation of the Swiss
Watch Industry.
* Swatch shrs down 0.2%
* Richemont down 0.9%, biggest SMI decliner
Citi:
* Up 2% in April vs 1Q up 4%
* Small negative, no signs of conditions getting better except
in Hong Kong, Japan
* Mainland China exports down 17%, Greater China (better
indicator) up 3% vs up 6% in March
Bryan Garnier:
* Small acceleration after March -0.3% even with y/y
comparison a bit tougher
* Greater China exports up 3.5% with big divergence between
Hong Kong, Mainland China
* Europe weak
* Mkt becoming more normal, Mainland China still volatile
Exane:
* Mainland China deceleration “abrupt,” offset by Hong Kong,
suggests caution
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net