Reply To: Traders Market Weekly: Consumers Along for The Ride

#74318
TradersCom
Keymaster

Equity indices in the Asia-Pacific region ended the week on a mostly higher note.

Japan’s Nikkei: +0.4% (UNCH for the week),
Hong Kong’s Hang Seng: +2.3% (+2.6% for the week),
China’s Shanghai Composite: UNCH (+1.6% for the week),
India’s Sensex: +0.4% (-1.6% for the week),
South Korea’s Kospi: +0.6% (+1.9% for the week),
Australia’s ASX All Ordinaries: +0.4% (+1.6% for the week).

Developer names had a strong finish to the week amid hopes that relaxed restrictions on property purchases would lead to higher sales.

Japan
March Household Spending 1.2% m/m (expected -0.3%; last 1.4%); -1.2% yr/yr (expected -2.3%; last -0.5%).
March Current Account surplus JPY3.399 trln (expected surplus of JPY3.489 trln; last surplus of JPY2.644 trln).
April Bank Lending 3.1% yr/yr, as expected (last 3.2%).
April Economy Watchers Current Index 47.4 (expected 50.4; last 49.8)
A former Bank of Japan official said that the next rate hike could be made between July and October.
Japan’s Finance Minister Suzuki said that he expects wage growth to outpace last year’s increase.

New Zealand
April Business PMI 48.9 (last 47.1)

Malaysia’s central bank left its policy rate at 3.00%.