European Markets Wrap-Up: China exports surge 21.8% as trade surplus widens at start of 2026 - more detail

Tuesday, 10 Mar, 2026 News China exports surge 21.8% as trade surplus widens at start of 2026 - more detail China exports surge at start of 2026 as trade surplus widens sharply. Summary: China's exports surged 21.8% y/y in January–February, far exceeding expectations and accelerating sharply from December's News China's trade data for January–February came in much stronger than expected China's trade data for January–February came in much stronger than expected. Exports (USD terms) rose 21.8% y/y (expected 7.1%, previous 6.6%). Imports (USD terms) increased 19.8% y/y (expected 6.3%, Learn more News investingLive Asia-Pacific FX news wrap: Trump's mixed messages on his war ICYMI: Goldman Sachs & Barclays warn sustained oil surge could push US inflation toward 3% Trump advisers urge Iran war exit plan amid epic oil price surge. Epic Blunder? Recap - Japan upgrades Q4 Commodities ICYMI: Goldman Sachs & Barclays warn sustained oil surge could push US inflation toward 3% Summary of weekend notes ICYMI: Higher oil prices linked to geopolitical tensions could lift U.S. inflation if the increase persists for several months. Goldman Sachs estimates a sustained 10% rise in Commodities Trump advisers urge Iran war exit plan amid epic oil price surge. Epic Blunder? Trump faces pressure from advisers to outline Iran war exit plan as oil prices surge. This is via the Wall Street Journal (gated), in brief below: Summary: Some advisers to Donald Trump are urging him News Recap - Japan upgrades Q4 GDP to 1.3% on strong investment, Iran war clouds outlook Japan's GDP growth revised sharply higher as investment strengthens, but energy risks cloud outlook. Summary: Japan's fourth-quarter GDP growth was revised sharply higher to 1.3% annualised, far above Central Banks PBOC sets USD/ CNY reference rate for today at 6.8982 (vs. estimate at 6.8891) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. PBOC injects 39.5bn yuan via 7-day reverse repos at 1.4% in open market operations today. News Iran plans shipping levies in Gulf. Trump warns massive retaliation if oil flows disrupted Iran signals shipping pressure in Gulf while Trump warns of massive retaliation if oil flows are disrupted. Summary: Iran is reportedly preparing "security duties" on ships linked to U.S.-allied count Learn more News Australian business confidence turns negative as conditions hold steady (pre war survey) Australian business conditions hold steady while confidence slips into negative territory. Note - this survey was taken before the war. With the surge in energy prices confidence will not have improve

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