Reply To: Traders Market Weekly: War, Inflation and Central Banks


Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note while markets in India were closed for a holiday.

Japan’s Nikkei: -0.4%,
Hong Kong’s Hang Seng: -0.3%,
China’s Shanghai Composite: +0.2%,
India’s Sensex: HOLIDAY,
South Korea’s Kospi: +0.1%,
Australia’s ASX All Ordinaries: -0.4%.

China’s CPI deflated more than expected in March.
March CPI -1.0% m/m (expected -0.5%; last 1.0%); 0.1% yr/yr (expected 0.4%; last 0.7%).
March PPI -2.8% yr/yr, as expected (last -2.7%)

March M2 Money Stock 2.5% yr/yr (expected 2.4%; last 2.4%)
The Japanese yen slipped to a fresh low for the year against the dollar, briefly touching levels not seen since 1990.
Japan’s Finance Minister Suzuki said that the “background” of the weakening is more important than price levels.
Japan’s Prime Minister Kishida and President Biden announced that Japan, Australia, and the U.S. will create a joint air missile and defense system.

April MI Inflation Expectations 4.6% (last 4.3%).
February Building Approvals -1.9% m/m, as expected (last -2.5%)
Private House Approvals 10.7% m/m, as expected (last -9.9%)

South Korea
Exports through the first ten days of April were up 21.6% yr/yr with chip exports jumping 45.5%.
South Korea’s ruling party lost its parliamentary majority.