Australian RBA Trimmed Mean CPI YoY (Jan) Y/Y 3.4% vs. Exp. 3.3% (Prev. 3.3%, Low. 3.2%, High. 3.3%)
The Australian RBA Trimmed Mean CPI printing at 3.4% year-over-year, slightly above expectations of 3.3%, suggests persistent inflationary pressures.
China may see lower rates from Q2, according to experts cited by China Securities Journal
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Earnings from OCBC, Sembcorp Industries, Singapore Airlines & Singapore Post
Australian RBA Trimmed Mean CPI YoY (Jan) Y/Y 3.4% vs. Exp. 3.3% (Prev. 3.3%, Low. 3.2%, High. 3.3%)
PBoC is expected to set USD/CNY mid-point at 6.8824 (prev. 6.9414)
Hong Kong budget is speculated to include funding for tech hub and aerospace sector incentives, according to SCMP
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This marginal beat could reinforce the RBA's inflation concerns, potentially influencing future monetary policy discussions and contributing to a hawkish outlook, especially if inflation continues to trend upward. Watch the AUD and fixed income markets for any immediate reactions to this data release.
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