At his time of the week, market liquidity is super thin. Liquidity improves as Asian centres come on online in following hours. Until then, take extra care as prices can move around on not too much at all.
2230 GMT – Australia – PMI for the construction sector Australian Industry Group Performance of Construction Index (PCI) for March Last week we got the manufacturing and services PMIs from AiG, today’s completes the three for March. So far, all strongly in expansion:Details
Earlier headline is here: North Korea prepared to discus denuclearisation Via the Wall Street Journal now, citing US officials – – U.S. officials didn’t say when and how that assurance was delivered,Details
Trump tweets, Kudlow talks Here’s a quick roundup of the latest: Meanwhile, Larry Kudlow continued to do the media rounds. – “We’re not gonna end up in a trade war” I don’t think any of this changes the sentiment in markets. Over time, it will improve if there’s less talk and rhetoric but if they’re…Details
Xi will certainly touch on trade The week ahead has plenty on the but with fear of a trade war dominating market sentiment, the Chinese response is key. economic calendar President Xi will have a chance to respond in a big way at the Boao Forum, which is Asia’s answer to Davos.Details
The Bank of Japan published its latest estimates of potential output and the output gap yesterday This is an indicator of economic growth and, more specifically, how growth is outstripping ‘potential growth’ (I’m simplifying).Details
Will watch for comments in Q&A later Fed’s Meister is speaking on diversity in economics and as expected with such a title, she did not comment on rates or economic activity in the prepared speech.Details