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

#74392
Truman
Participant

Equity indices in the Asia-Pacific region began the week on a mixed note.

Japan’s Nikkei: -0.1%,
Hong Kong’s Hang Seng: +0.8%,
China’s Shanghai Composite: -0.2%,
India’s Sensex: +0.2%,
South Korea’s Kospi: UNCH,
Australia’s ASX All Ordinaries: UNCH.

Japan
April M2 Money Stock 2.2% yr/yr (expected 2.5%; last 2.5%)
The Bank of Japan reduced its purchases of 5- to 10-yr JGBs for the first time since December.

China
April CPI 0.1% m/m (last -1.0%); 0.3% yr/yr (expected 0.1%; last 0.1%).
April PPI -2.5% yr/yr (expected -2.3%; last -2.8%).
April New Loans CNY730 bln (expected CNY1.20 trln; last CNY3.09 trln)
April total social financing -CNY200 bln (last CNY4.87 trln)
China plans to sell CNY1 trln worth of 20-, 30-, and 50-yr bonds this week.
Developer Country Garden reportedly made its late onshore coupon payment within the grace period.

Australia
April NAB Business Confidence 1 (last 1) and NAB Business Survey 7 (last 9)
Australia’s government is reducing its domestic growth forecast for the year to 2.0% from 2.25%. The government expects that inflation will return to the 2-3% range by the end of 2024.

New Zealand
April FPI 0.6% m/m (last -0.5%)