Economic TimesLean R·
Global Market: Euro zone current account surplus widens in May; market impact likely limited
The euro zone's current account surplus increased in May, driven by stronger primary income. This rise offset a narrower trade surplus, according to European Central Bank data. On an unadjusted basis, a deficit was recorded for the month. Over twelve months, the surplus represented 1.7% of gross domestic product. Stock markets are not expected to react significantly to this data.
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