Asia markets rise tracking global markets as strong corporate earnings boost sentiment

Asia markets rise tracking global markets as strong corporate earnings boost sentiment. U.S. Stock futures climb higher on Wednesday as investors react to corporate earnings reports. On Tuesday, all three major indexes in the US ended higher. Investors continue to monitor geopolitical developments in the Middle East.

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week. Japan's yen hits new 34-year lows against the dollar. China created 3.03 million new urban jobs in the first quarter of 2024. In the U.S., on Monday, all three major indexes rebounded from their worst week of the year.

Weekly Report: what happened at CAF last week (0415-0419)?

Asian markets mostly higher after China keeps lending rate unchanged

Asian markets mostly higher after China keeps lending rate unchanged in April. Japan's yen hovered 34-year lows around 154.7 per dollar. Indonesia's trade surplus increased to $4.47B in March 2024. U.S. Stock futures rose on Monday.

PBOC leaves benchmark rates unchanged in April

PBOC leaves benchmark rates unchanged in April. The 1-year loan prime rate was maintained at 3.45%. The decision came after the economy grew more than expected in Q1 of 2024. In China, the PBOC left key lending rates unchanged at the April fixing.

Asian markets in red with a wave of risk-off sentiment

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street

Asia markets mixed, mirroring global sentiment after Powell remarks

Asia markets in red tracking global stock selloff and despite strong GDP growth in China

Asia markets in red tracking global stock selloff and despite strong GDP growth in China. China's Q1 GDP expands 5.3% Y/Y, beats expectations. Retail sales rose more than expected in March, suggesting interest rates may stay steady. China reports air passenger numbers +37.7% in Q1 2024.

China's Q1 GDP expands 5.3% Y/Y, beats expectations

China's Q1 GDP expands 5.3% in the first quarter from a year ago, beating expectations for a 5% growth. Lunar New Year festival also helped buoy consumer spending. The Chinese economy grew by a seasonally adjusted 1.6% in Q1 of 2024.

Weekly Report: what happened at CAF last week (0408-0412)?

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery. People's Bank of China kept the rate on CNY 100 billion worth of one- year policy loans to some financial institutions. The central bank drained a net CNY 70 billion of cash from the banking system in April.

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel over the weekend. Japanese machinery orders beat expectations for February. China's People's Bank of China kept its lending rate at 2.5%. All three major Asian markets ended in red on Friday.

China's trade surplus smaller than expected as exports drop more than imports

China's trade surplus smaller than expected as exports drop more than imports. Exports shrank by 7.5% in March 2024 from $78.43 billion in the same period a year earlier. Market forecasts of $70.2 billion were far below market forecasts.

Asia markets mixed ahead of trade data in China and bank earnings

Asia markets mostly negative after U.S. inflation hotter than expected, China CPI slows

Asia markets mostly negative after U.S. Inflation hotter than expected, China CPI slows. China's consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Japan -0.35%, China +0.23%. Exports from the Philippines climbed at fastest rate since October 2022.

China's inflation rate rises at a slower pace than expected

China's inflation rate rises at a slower pace than expected. Consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Monthly, the CPI decreased 1.0%, the first fall in four months. The notable slowdown came as the effects of the Lunar New Year waned.

Fitch cuts China's credit outlook to negative on public finance risks

Asia markets mixed after Fitch revised its outlook on China to "negative" from "stable"

Asia markets mixed after Fitch revised its outlook on China to "negative" from "stable" Japan snaps a two-day advance as producer inflation climbs in March. Fitch cites increasing risks to China's public finance outlook. In the U.S. On Tuesday, all three major indexes ended mixed ahead of upcoming inflation report.

Yellen calls on China to shift policy as U.S. won't accept flood of cheap imports again

Treasury Secretary Janet Yellen calls on China to shift policy as U.S. Won't accept flood of cheap imports again. She raised concerns over China's macroeconomic imbalances. Yellen was on a four-day trip to China. She called on Beijing to change its industrial policy as cheap Chinese products flood global market.