Australian Consumer Inflation Expectations (Apr) 5.9% (Prev. 5.2%)
The increase in Australian consumer inflation expectations from 5.2% to 5.9% indicates a significant uptick in price pressures perceived by consumers.
PBoC sets USD/CNY mid-point at 6.8616 vs exp. 6.8190 (Prev. 6.8582)
PRE-MARKET CHINESE STOCKS NEWS: Contemporary Amperex Technology (300750 CH) Q1 (CNY) net 20.7bln (exp. 17.9bln), rev. 129.1bln (exp. 116.3bln), to set up unit ensuring supply chain stability, and said to seek relief from Pentagon curbs
Australian Consumer Inflation Expectations (Apr) 5.9% (Prev. 5.2%)
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Olam (OLAM SP) received all of the required regulatory approvals for the sale of the remaining controlling stake in Olam Agri to SALIC
Iran's Interior Minister has ordered border governors to neutralise the threat of a naval blockade by strengthening and developing border trade by increasing imports of basic goods and exports of goods, utilising all national and regional capacities
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This shift could raise concerns for policymakers, potentially influencing future rate decisions as it suggests that inflationary pressures may be stronger than previously anticipated. Traders should consider the implications for the AUD and broader risk sentiment in the region.
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