Reply To: Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities

#35700
Truman
Participant

Japan’s February Industrial Production 2.0% m/m (last 0.1%) and Capacity Utilization 1.5% m/m (last -3.6%)
Australia’s March New Home Sales 3.9% m/m (last -7.0%)

Toyota expects that global production between May and July will average about 800,000 units per month, down from a recent rate of 840,000 per month.
Chinese lenders are reportedly being encouraged to cut deposit rates.
Xinhua speculated that China’s CPI will only grow “modestly” in Q2 and Q3.
The Minutes from the last Reserve Bank of Australia policy meeting noted that certain developments have pulled forward the timing of the initial rate hike.
The Japanese yen has weakened to a 20-year low against the dollar.