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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

Capital Economics sees positives in China's April trade data

China's exports slumped in April but one economist said the numbers were still the best set of trade figures from the country in a while.

China's exports fell by 1.8 percent in April, slipping back again after having surged 11.5 on-year in March. Imports, meanwhile, slumped 10.9 percent from a year ago. Economists polled by Reuters had expected April exports to fall 0.1 percent and tipped imports to contract 5 percent, following March's 7.6 percent decline.

But a statistical quirk could explain the unfavorable reading in exports compared to March, said Julian Evans-Pritchard, an economist at Capital Economics.

Evans-Pritchard said March's growth rate was magnified by the fact that the Lunar New Year holiday - which reduces trade - was in early February this year.

"The fall-back is not that surprising. If you...


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