Italy December trade balance report 16 Feb

  • prev revised down from +4.203bln
  • total 2016 global trade bal +51.57bln vs 41.81 in 2015
  • EU trade bal EUR +0.124bln vs +0.22bln prev revised down from +0.23bln

All in all a more encouraging report and global trade benefitting from a weaker euro.

Quick, someone call the ccy manipulation gooks !