Jobless claims help cool things a little
NAB Morning Call
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Australia's Trade Balance Slid by 5%
Australia's trade balance, of course, slipped a bit more than expected yesterday as well. For similar reason, exports fell by 5%, whereas imports only grew by 2%. I'm sure commodity prices have got a chunk to do with that, haven't they? It was down from 14.8 to 11.2, as you say. So a 5% decline in exports of minerals and ores and things,. They were down 10.4, coal was down 7.1. Coal, it was really all about prices. Again, that's been a persistent story for many months now. If you look at the portheadland data on Bloomberg on iron ore loaded for export, most of
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