Saudi Arabia’s oil minister Khalid Al-Falih with some comments Well, that’s not exactly in line with how “private discussions” went if this by Bloomberg is to go by – saying that they want oil prices to head towards $80 per barrel.
Japan data on lending in March; this against a background of slower lending growth at banks since about mid-2017. Bank lending including trusts: 2.0% y/y – prior 2.1% Bank lending excluding trusts: 1.9% y/y
China’s vice finance minister Zhu Guangyao with some comments Chinese officials continue to reiterate the gist of Xi’s speech yesterday – reforms and opening up of the economy.
Commentary by Commonwealth Bank of Australia’s currency strategist, Elias Haddad As last month, CBA’s forecast is sort of the outlier compared to the median forecast which only sees the RBA move to hike the cash rate in Q1 2019.
Forex and Bitcoin news for Asia trading Wednesday 11 April 2018 China: – … the Bank raised the onshore yuan reference rate by 160bp from the prior day’s mid rate at 6.3071 Japan:
Iran oil minister Bijan Zangeneh speaks at the International Energy Forum in New Delhi Not sure who the “all” he is referring to but Saudi Arabia is not one of them, as they said that they want oil prices near $80 to support the valuation of Aramco’s IPO.
In addition to the industrial production and trade figures there is construction output results also. Despite financial market volatility business sentiment in February was (relatively) strong, which should be reflected in an increase in manufacturing production and also construction output, and a narrowing of the trade deficit
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.
Up is better than nothing… The European stocks are ending the session with gains, but they still lag the US on the day at least. In the tenure debt sector rates were higher:
Atlanta Fed GDPNow – Prior was +2.3% “After the employment report from the U.S. Bureau of Labor Statistics on April 6, the nowcast of first-quarter real consumer spending growth fell from 1.3 percent to 1.1 percent and the nowcast of first-quarter real private fixed investment growth fell from 5.3 percent to 4.5 percent.”