Latest #China #liquidity data. No panic after #Evergrande ... in fact, not much extra cash being pumped into system

#China Sept exports up 28.1%y/y, above expectations. Trade surplus of $66.8b is third largest on record. No sign that supply bottlenecks and pandemic restrictions hitting #Asia exports except in #Vietnam. #Malaysia and #Indonesia exports to benefit from high commodity prices.

The recovery in hospitality and culture/recreation activity in the UK is essentially complete, according to August GDP - a striking reconvergence with consumer goods trade over summer