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

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street. Japan's yen stabilized near 154 per dollar as the US acknowledged "serious concerns" over a rapidly weakening yen. U.S. Stock futures rose on Thursday after the S&P 500 and Nasdaq Composite posted their 4th straight day of losses.

Asia markets mixed, mirroring global sentiment after Powell remarks

Asia markets mixed, mirroring global sentiment after Powell remarks. Japan's trade balance swings to surplus in March as exports surge. U.S. Stock futures were mixed on Wednesday as first quarter earnings season kicks into high gear. All three major Asian markets ended mixed on Tuesday. Investors remain vigilant amid ongoing tensions in the Middle East.

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.

Asia market rises as investors brace for kick start of earnings, key US inflation data, Fed minutes

Asia market rises as investors brace for kick start of earnings, key US inflation data, FOMC minutes meeting. Japan's consumer confidence rises to 39.5; India's equities hit record high. All three major U.S. Indexes ended flat on Monday as investors positioned for this week's key inflation data and earnings season.

Weekly Report: what happened at CAF last week (0401-0405)?

People's Bank of China sets up $69B re-lending program for tech companies

People's Bank of China sets up $69B re-lending program for tech companies. The program will aid small and midsize technology enterprises with loans at a 1.75% interest rate. The move is part of Beijing's efforts to boost confidence in the economy.

Asia markets advance taking cues from strong lead on Wall Street; eyes on U.S., China inflation data

Asia markets advance taking cues from strong lead on Wall Street; eyes on U.S., China inflation data. Japan’s current account surplus came in below estimates in February; real wages in the country declined for 23rd consecutive month. China's foreign exchange reserves surged by $19.8 billion to $3.246 trillion in March 2024. All three major indexes in the US ended higher on Friday.

Asia markets in red tracking sharp selloff on Wall Street ahead of key US jobs report; oil soars

Asia markets in red tracking sharp selloff on Wall Street ahead of key US jobs report; oil soars. Household spending in Japan dropped in real terms by 0.5% year over year in February 2024. Australia posted the smallest trade surplus in five months in February.

Yellen in China to discuss 'unfair trade' and 'industrial overcapacity'

U.S. Treasury Secretary Janet Yellen in China to discuss 'unfair trade' and 'industrial overcapacity' Yellen's trip will deal with the flood of exports coming out of China. She will also meet with top Chinese officials. China is the biggest polluter in the world.