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

#35970
Truman
Participant

Japan’s March Unemployment Rate 2.6% (expected 2.7%; last 2.7%) and March BoJ Core CPI 1.1% yr/yr (last 1.0%)
South Korea’s Q1 GDP 0.7% qtr/qtr (expected 0.6%; last 1.2%); 3.1% yr/yr (expected 2.8%; last 4.2%)
Singapore’s March Industrial Production -12.6% m/m (expected -3.9%; last 16.6%); 3.4% yr/yr (expected 3.5%; last 17.6%)
The People’s Bank of China lowered the foreign exchange deposit reserve ratio to 8.0% from 9.0%. The cut will be effective on May 15.
The People’s Bank of China also pledged to increase support for the economy via monetary policy.
South Korea’s incoming Finance Minister reportedly supports a cut to the corporate tax rate.