Reaction to the China inflation data earlier in the day Eamonn had the data release . here The miss is prompting a bit of a rethink by economists on China’s inflation projection and Macquarie Capital Limited has lowered their CPI forecast for China to 2.0% from 2.4% for 2018.
IMF chief Christine Lagarde comments in Hong Kong The IMF is set to update its global forecast next week on 17 April. In January, the IMF global to come in at 3.9% in 2018 and 2019.
And that is to not repeat the same mistake that Japan did when they signed the Plaza Accord in 1985 Former BOJ deputy govern Kazumasa Iwata was speaking during a panel session at the Boao Forum and said that China may want to rethink any stance it takes against the US if it were to…
Comments by Lillian Li, vice president of credit strategy and research at the firm I’m very much in that Xi’s speech didn’t offer too much of anything new, but it was his conciliatory stance that made the difference on the day. But again, as Li’s comments above mentioned, “if implemented” remains the key wording.
French press (Le Figaro) reporting: – President Macron has put fighter jets currently based at the Saint-Dizier – Robinson Air Base on alert – In preparation for any needed participation for airstrikes on Syria —
Japanese Producer price inflation (PPI) for MArch, the y/y slightly beating estimates. 2.1 % y/y – expected 2.0%, prior 2.6% -0.1 % m/m – expected -0.1%, prior 0.0% Earlier we got the the yen supportive nature of the data point,; and this PPI data point is also yen supportive. I did also add an important…
Japan – Core Machinery Orders for February were expected to pull back after the big gain in January … but not so, another gain this month 2.1 % m/m – expected -2.5% m/m, prior +8.2% 2.4 % y/y
At 0130 GMT we get the China inflation data for March. I posted earlier: Just noting that reported in the Economic Information Daily (Chinese media, comes via Bloomberg) is a piece from a researcher at the Chinese Academy of Social Sciences
Local press in the area carrying the report and its being repeated across media – Heavy flight of US and coalition aircraft over the border between Iraq and Syria
WTO chief economist Robert Koopman with some comments Not much else is expected from the WTO as they need to continue to play the neutral card even if their role is being undermined in all of this trade rhetoric between US and China.