Reply To: Traders Market Weekly: Eyes Up on Retail and Inflation

#36669
Truman
Participant

Japan’s March Current Account surplus JPY2.549 trln (expected surplus of JPY1.752 trln; last surplus of JPY1.648 trln). April Bank Lending 0.9% yr/yr (last 0.5%) April Economy Watchers Current Index 50.4 (last 47.8)
Australia’s March Building Permits -18.5% m/m, as expected (last 42.0%) and Private House Approvals -3.0% m/m (last 14.6%)
New Zealand’s April FPI 0.1% m/m (last 0.7%). Q2 Inflation Expectations 3.3% (last 3.3%)
The Bank of Japan’s summary of opinions for April noted that reaching the 2.0%.
CPI target will be difficult since the current inflation is driven by temporary factors.
A People’s Bank of China vice governor said that support for the real economy will be increased.
South Korea will reportedly eliminate capital gains taxes for most shareholders.
POSCO will invest KRW25 trln in its battery business over the next eight years.