Reply To: Traders Market Weekly: APR 3-9 — Yield Inversion & Inflation concerns

#35291
Truman
Participant

China’s March Caixin Services PMI 42.0 (prior 50.2)
Hong Kong’s March Manufacturing PMI 42.0 (prior 42.9)
India’s March Nikkei Services PMI 53.6 (expected 52.5; prior 51.8)
China’s Shanghai Composite, which was closed Monday and Tuesday for the Ching Ming Festival, managed a flat session despite a troubling report that showed the Caixin Services PMI tumble to 42.0 in March from 50.2 in February.
The sharp drop captured the effects of COVID lockdown responses and weakening confidence. On a related note, Shanghai remains in lockdown.
The yen has continued to weaken with USD/JPY now sitting at 123.94 versus 114.90 on March 1.