Hold on tight! The Asian markets are experiencing a positive surge, and the Federal Reserve is hoping for a soft landing of the U.S. economy. Who would have thought that China’s trade figures for March would be so impressive that it resulted in the country’s broader economic surprises index reaching its highest level in 17 years?! The US market witnessed a cooling of inflation and labor market pressures, and the dollar continues to weaken, falling to its lowest level in over two months. On the other hand, the ‘risk on’ rally has gone global, positively affecting Asian currencies.
What’s happening in Singapore and India, you ask? Well, the Monetary Authority of Singapore is expected to tighten monetary policy for the sixth consecutive time due to global supply chain disruptions. However, India’s wholesale price inflation is expected to drop by nearly half in March, which is 16% less than a year ago.
But wait, there’s more! Friday is expected to bring about some exciting developments that could have a significant impact on the market. The IMF/World Bank spring meetings in Washington, Singapore’s Q1 GDP and policy decision, and India’s WPI inflation for March are among the key developments expected.
Are you ready for the latest news in the Asian markets? Check out our article for more information!
