Reply To: Traders Market Weekly: Market Corrections, When the Rubber Meets the Road

#35945
Truman
Participant

Japan’s February Corporate Services Price Index 1.3% yr/yr (expected 1.2%; last 1.1%). February Leading Index -1.2% m/m (last -1.6%) and Coincident Indicator 0.5% m/m (last -0.1%)
Singapore’s March CPI 5.4% yr/yr (expected 4.7%; last 4.3%)
Equities in China struggled notably while the yuan fell to its lowest level since November 2020 against the dollar.
Nikkei reported that Japan’s government is planning JPY6.2 trln in new stimulus.
The spokesman for Japan’s Finance Ministry denied last week’s reports that a plan for joint currency intervention was discussed with U.S. Treasury Secretary Yellen.
China’s National Development and Reform Commission expects that the 3.0% CPI target will be reached this year.