EUROZONE DATA: Earlier the eurozone released trade data showing a preliminary
surplus (seas adj) of E11.3bn in September, above MNI’s median of E8.6bn, as
well as the range of E8.5bn-E8.9bn. August was revised to E8.9bn from E9.9bn.
Credit Suisse strategists say “the data do highlight the extent to which a
weaker trade-weighted euro and soft domestic demand have improved the external
balance of the euro area,” but also note that “recycling internal current
account surpluses within the euro area remains problematic…”