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ANZ Expects Australia's Trimmed Mean Q1 CPI to Rise 0.9% Quarter-On-Quarter

Australia's trimmed mean inflation expectedly rose 0.9% quarter-on-quarter in the first quarter of the year, with a 3.6% year-on-year increase, said ANZ in a Friday report.The bank expects that the consumer price inflation rose 1.4% quarter on quarter and 4.1% year-on-year.The divergence between headline and trimmed mean inflation partly reflects the impact of higher fuel prices in March, the bank said, as it expects a 35% month-on-month rise in automotive fuel in March, leading to a headline inflation increase of 1.2% month on month in March.ANZ expects the second-round pass-through from higher fuel costs to start having a more material impact on consumer inflation from April.The quarterly data is likely to affirm for the Reserve Bank of Australia that the underlying inflation pressures are evident in the economy before the escalation of the Middle East conflict in late February, ANZ added.ANZ continues to expect a 25 basis points hike in May by the central bank, taking the cash rate to 4.35%.

ASX 200

International61d ago

Singapore's Private Residential Price Index Inches Up 0.9% in Q1

Singapore's overall private residential price index rose 0.9% in the first quarter of the year, up slightly from the 0.9% growth a year earlier, according to data released by the Urban Redevelopment Authority on Friday.Overall private residential index was marginally up by 0.3%.About 55,800 private residential units are expected to be delivered in the next few years.Meanwhile, prices of landed properties fell by 0.4%, following a 3.4% increase in the previous quarter.Rental prices of private residential properties were up 0.3% compared with a 0.5% decrease in the previous quarter.

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International61d ago

New Zealand Job Ads Rise Slightly in March

Job ads in New Zealand rose 0.8% month on month in March and were up 13% year on year, according to a Seek report on Friday.Applications per job ad, which are recorded with a one-month lag, declined 2.8% month-on-month, continuing their downward trend.The strongest monthly growth was seen in Taranaki, which rose 2.1%, followed by Southland, up 1.9%, the report said. Auckland edged down 0.1% month on month, and Wellington was broadly flat.In industry trends, trades and services and manufacturing gained 1.8%, while transport and logistics jumped 1.9%. Construction remained unchanged, while information and communication technology edged down by 0.1%.Artificial intelligence (AI) skill demand has grown rapidly in recent years, with job ads referencing AI rising nearly 144% since March 2025 and now more than five times higher than in 2019, although they still appear in only 2.9% of job ads.

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International61d ago

Japan's Core Inflation Picks Up in March at 1.8%

Japan's core inflation edged up in March, with the core consumer price index rising 1.8%, up from 1.6% the month prior amid higher energy prices, data from the country's Statistics Bureau showed on Friday.The reading, which doesn't count prices of fresh food items, remains below the Bank of Japan's 2% target for the second consecutive month.Excluding both energy and fresh food items, Japan's inflation slipped to 2.4% in March from 2.5% the previous month.The headline consumer price index, which includes all items, gained 1.5% during the month under review compared with 1.3% in February.The increase in food prices, excluding fresh food prices, eased to 5.2% in March, from 5.7% the month before.Energy prices contracted 5.7% during the month compared with the 9.1% contraction in the month prior.

Nikkei 225

International61d ago

Japan Core Inflation Quickens to 1.8% in March

Nikkei 225

International61d ago

Daily Roundup of Key US Economic Data for April 23

The flash manufacturing reading from S&P Global rose to 47-month high of 54.0 in April from 52.3 in March after regional data from the New York and Philadelphia Federal Reserve banks increased.The ISM's national manufacturing reading will be released on May 1.Released at the same time, the flash services reading from S&P Global rose to 51.3 in April from 49.8 in March, suggesting modest expansion. The ISM's services reading is scheduled for release on May 5.The Chicago National Activity Index declined to minus 0.20 in March from 0.03 in February, with most of the components making negative contributions to the index.The Kansas City Federal Reserve's manufacturing index fell to 10 in April from 11 in March.Initial jobless claims increased by 6,000 to 214,000 in the employment survey week ended April 18, lifting the four-week moving average by 750 to 210,750.Initial claims were at level of 205,000 in the employment survey week ended March 14.Insured claims rose by 12,000 to 1.821 million in the week ended April 11.Natural gas stocks rose by 103 billion cubic feet to 2.063 trillion cubic feet in the week ended April 17, up 7.4% from a year earlier and 7.1% higher than the seasonal average for the current week over the previous five years.

International61d ago

April Kansas City Fed Manufacturing Index Falls, Still Indicated Expansion

The Kansas City Fed monthly manufacturing index decreased to a reading of 10 in April from 11 in March as expected in a survey compiled by Bloomberg.The decrease follows increases in readings for the other regional manufacturing data released so far. The ISM's national manufacturing reading will be released on May 1.Within the Kansas City data, there were decreases in the reading for production, employment, shipments and new orders, while the prices paid reading surged.

International61d ago

Kansas City Fed April Regional Manufacturing Index 10 Vs. 10 Estimate; 11 Prior

International61d ago

April S&P Global US Flash Manufacturing, Services Measures Rise More Than Expected

The April flash reading of manufacturing conditions from S&P Global increased to a 47-month high of 54.0 from 52.3 in March, compared with an expected reading of 52.5 in a survey compiled by Bloomberg.The increase follows increases in readings in the regional manufacturing sector readings from the New York and Philadelphia Federal Reserve banks.The index for services conditions rose to 51.3 in April from 49.8 in March, compared with expectations for an increase to 50.6.

International61d ago

S&P Global April US Flash Services PMI 51.3 Vs. 50.6 Estimate; 49.8 Prior

International61d ago

S&P Global April US Flash Manufacturing PMI 54.0 Vs. 52.5 Estimate; 52.3 Prior

International61d ago

US Initial Jobless Claims Rise in Week Ended April 18

US initial jobless claims rose to a level of 214,000 in the employment survey week ended April 18 from an upwardly revised 208,000 level in the previous week, compared with expectations for an increase to 210,000 in survey of analysts compiled by Bloomberg.Initial claims were at a level of 205,000 in the employment survey week ended March 14.The four-week moving average rose by 750 to 210,750 after increasing by 750 to a level of 210,000 in the previous week.Insured jobless claims rose by 12,000 to 1,821,000 in the week ended April 11.The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

International61d ago

March Chicago Fed National Activity Index Declines More Than Expected

The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.20 in March from 0.03 in February, compared with expectations for a smaller decrease to minus 0.13 in survey of analysts compiled by Bloomberg as of 7:35 am ET.The three-month moving average declined to minus 0.03 from 0.03.Of the 85 individual indicators, 34 made positive contributions to the index in March, while 51 made negative contributions. Some 43 indicators improved in the month, while 40 indicators deteriorated, and two were unchanged.

International61d ago

March Chicago Fed National Activity Index -0.20, Vs. -0.13 Expected, Prior 0.03

International61d ago

US Initial Jobless Claims 214,000 Vs. Expected 210,000, Prior 208,000

International62d ago

US Dollar Rises Early Thursday Ahead of Jobless Claims, Chicago National Activity Index, S&P Global Flash Estimates

The US dollar rose against its major trading partners early Thursday before the release of weekly jobless claims data and the Chicago Federal Reserve's National Activity Index for March, both at 8:30 am ET.S&P Global flash estimates of manufacturing and services conditions for April are due at 9:45 am ET, followed by weekly natural gas stocks at 10:30 am ET and the Kansas City Fed's manufacturing reading for April at 11:00 am ET.A quick summary of foreign exchange activity heading into Thursday:EUR/USD fell to 1.1681 from 1.1706 at the Wednesday US close and 1.1752 at the same time Wednesday morning. Eurozone manufacturing PMI rose in April, but services PMI declined, according to data released earlier Thursday. The next European Central Bank meeting is scheduled for April 30.GBP/USD fell to 1.3488 from 1.3504 at the Wednesday US close and 1.3516 at the same time Wednesday morning. UK manufacturing and services PMI both increased in April, while UK car registration rebounded in March after a decline in the previous month, according to data released earlier Thursday. The next Bank of England meeting is scheduled for April 30.USD/JPY rose to 159.7290 from 159.5489 at the Wednesday US close and 159.2295 at the same time Wednesday morning. Japanese manufacturing PMI increased in April, while services PMI declined but remained above the breakeven point. The next Bank of Japan meeting is scheduled for April 27-28.USD/CAD rose to 1.3671 from 1.3668 at the Wednesday US close and 1.3655 at the same time Wednesday morning. Canadian industrial product and raw materials prices and home prices for March are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 29.

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International62d ago

Oil Prices, Stalled Peace Negotiations Dent European Bourses Midday

European bourses tracked moderately lower midday Thursday as traders weighed global petroleum prices topping $100 a barrel, stalled Middle East peace talks, and a still-closed Strait of Hormuz.Front-month North Sea Brent crude-oil futures were up 1.1% at $102.99 a barrel, in midday activity.The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session.Food and oil stocks led gains on continental trading floors, while bank and tech shares lagged.Investors also eyed Wall Street futures in the red amid lower closes overnight on Asian exchanges.In economic news, the flash composite Eurozone purchasing managers index for output declined to 48.6 in April from 50.7 in March, trailing the 50-mark that separates growth from contraction, S&P Global reported.The Stoxx Europe 600 Technology Index was down 0.8%, and the Stoxx 600 Banks Index lost 1.4%.The Stoxx Europe 600 Oil and Gas Index gained 0.6%, while the Stoxx 600 Europe Food and Beverage Index rose 1.4%.The REITE, a European REIT index, lost 0.6%.On the national market indexes, Germany's DAX was down 0.4%, and the FTSE 100 in London lost 0.8%. The CAC 40 in Paris was up 0.2%, and Spain's IBEX 35 eased 1.1%.Yields on benchmark 10-year German bonds were higher, near 3.02%.The Euro Stoxx 50 volatility index was up 3.3% at 24.13, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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International62d ago

Oil, Middle East Views Dent Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed moderately lower pre-bell Thursday as global crude prices sustained gains, and as traders weighed reports of continued hostilities in the Persian Gulf.After fresh all-time zeniths were struck on Wednesday, the S&P 500 fell 0.5%, and the Nasdaq also declined 0.5%, in the futures. The Dow Jones was off 0.7%.With the Strait of Hormuz still blocked, West Texas Intermediate crude oil traded up 1.6% to $94.43 a barrel in morning action.Asian exchanges traded mostly lower overnight, while European bourses tracked moderately lower midday on the continent.United Rentals (URI) traded up 13.7% pre-bell after the equipment-rental outfit reported Q1 EPS and revenue above consensus, and issued upbeat guidance, late Wednesday.Thermo Fisher Scientific (TMO) traded down 4.7% pre-bell after the lab-equipment maker reported fiscal Q1 EPS and revenue above expectations, but issued tempered guidance, in pre-bell hours.On the economic calendar is the weekly jobless claims report at 8:30 am ET, along with the Chicago Fed National Activity Index for March.The S&P Global flash US composite purchasing managers index (PMI) release logs at 9:45 am.The weekly EIA natural gas report posts at 10:30 am, followed by the Kansas City Fed Manufacturing Index for April at 11 am.In premarket action, Bitcoin traded at $77,307 and 10-year US Treasuries offered 4.32%. Spot gold commanded $4,688 an ounce.

Dow JonesNasdaq CompositeS&P 500

International62d ago

Taiwan's M1B, M2 Rise in March

Taiwan's daily average money supply, M1B and M2, recorded modest monthly growth in March, rising 0.23% and 0.46%, respectively, the central bank said Thursday.M1B's annual growth rate rose to 7.83%, while M2 increased to 5.79%, supported by stronger lending and investment activity.Compared with the same period a year earlier, M1B and M2 grew 7.83% and 5.79%, respectively, the central bank said.

Taiwan Weighted

International62d ago

Rising Crude Prices Lower Asian Stock Markets

Asian stock markets largely tracked lower Thursday as traders weighed rising crude oil prices and awaited clarity on Persian Gulf hostilities.Hong Kong, Shanghai, and Tokyo finished in the red, as did most other regional exchanges.Brent crude prices continued to climb during market hours, striking $103.80 a barrel, up 1.9%.In Japan, the Nikkei 225 opened higher but lost momentum, finishing off 0.7% despite continued strength in tech- and AI-connected shares.The benchmark Nikkei 225 fell 445.63 to 59,140.23, as losing issues outnumbered gainers 173 to 48.Leading the upside was semiconductor maker Socionext, gaining 7.1%, while camera house Nikon declined 10.4%.In economic news, Japan's flash composite purchasing manager index (PMI), a combination of the nation's factory and service sectors, logged at 52.4 in April, down from 53.0 in March, but still striking above the 50-mark that separates growth from contraction, reported S&P Global.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 1% as traders monitored reports on the still-closed Strait of Hormuz.The broad gauge Hang Seng fell 248.04 to 25,915.20, as losing issues outnumbered gainers 63 to 25. The Hang Seng TECH Index lost 2% on the day, while the Mainland Properties Index fell 0.6%.Leading the upside was PetroChina, gaining 4.2%, while Innovent Biologics declined 5.9%.On the mainland, the Shanghai Composite fell 0.3% to 4,049.25.On the other regional exchanges, the South Korean KOSPI rose 0.9%; the Taiwan TWSE declined 0.4%; the Australian ASX 200 declined 0.6%; the Singapore Straits Times Index fell 1.2%, and the Thai Set declined 1.2%. In late trading in Mumbai, the Sensex was down 1.2%The MSCI All Country Asia Pacific Index fell 0.6% on the day.In other news, India's flash seasonally adjusted composite purchasing manager index (PMI) for output, a combination of the nation's factory and service sectors, logged at 58.3 in April, up from 57.0 in March, reported S&P Global.

Hang SengNikkei 225Shanghai Composite

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International62d ago

Rising Crude Prices Lower Asian Stock Markets

Hang SengNikkei 225Shanghai Composite