Australian MI Inflation Gauge YY (Jan) 3.6% (Prev. 3.5%)
The Australian MI Inflation Gauge shows a year-on-year increase of 3.6% in January, slightly up from the previous 3.5%.
PBoC is expected to set USD/CNY mid-point at 6.9710 (prev. 6.9678)
[MARKET UPDATE] Asia-Pac stocks begin mostly lower amid several bearish themes including partial US government shutdown, weak Chinese PMIs, NVIDIA halting USD 100bln OpenAI investment plan, although Japan bucks the trend on the Takaichi trade
Australian MI Inflation Gauge YY (Jan) 3.6% (Prev. 3.5%)
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Poll shows Japan’s LDP party is likely to win a landslide victory
BoJ's Summary of opinions noted that one member said financial conditions remain accommodative even after a rate hike in December
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This modest increase suggests persistent inflationary pressure, which could have implications for monetary policy and interest rate expectations in Australia. Traders should consider how this aligns with the Reserve Bank of Australia's current stance and potential future actions.
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