Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality


Equity indices in the Asia-Pacific region ended the Wednesday session on a mixed note.
Japan’s Nikkei: +0.9%,
Hong Kong’s Hang Seng: -1.4%,
China’s Shanghai Composite: -1.3%,
India’s Sensex: +0.7%,
South Korea’s Kospi: -0.1%,
Australia’s ASX All Ordinaries: +0.5%.

February Industrial Profit 10.2% YTD (last -2.3%)

South Korea
April Manufacturing BSI Index 74 (last 76)

February MI Leading Index 0.1% m/m (last -0.1%) and February CPI Indicator 3.4% yr/yr (expected 3.5%; last 3.4%)

The Japanese yen briefly touched its lowest level against the dollar since 1990 before bouncing while Japan’s Finance Minister Suzuki repeated that currency moves are being watched with a sense of urgency and that disorderly moves could invite a response from authorities.

New Zealand
Lowered its CPI forecast for FY24 to 3.3% from 4.1% in the latest budget statement.