German exports to rebound in July

German exports data for July is due on Tuesday. The country's trade surplus is expected to have amounted to €24.5bn, up from €24.1bn in June, said Societe Generale in a report on Monday. Exports are expected to have increased by 0.7% mom, correcting June's big decline, with the underlying trend still improving in light of better US demand. 

Imports are expected to have increased by 0.6% mom, with domestic demand still pushing up imports. Despite tentative signs of an improvement in global trade recently, the risks remain firmly on the downside following increasing signs of weakness in China.