Commodities Boosted as China Imports Remain Strong

Commodities climb higher in European session as driven by strong trade data in China and upward revision in Japan's GDP growth in 2Q10. The final estimate of Japan's second-quarter growth was revised to +0.4% q/q from initial reading of +0.1%. The trend of slowdown remained unchanged but it was less severe than previously expected. WTI crude oil price rebounded but was still capped below 76. Gold changed little.

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Commodities Boosted as China Imports Remain Strong