Australian Westpac Leading Index MM (Mar) -0.1% (Prev. -0.1%)
The Australian Westpac Leading Index for March came in unchanged at -0.1%, consistent with the previous month’s performance.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Powerchip Semiconductor Manufacturing (6770 TT) Q1 (TWD) net 14.2bln (prev. loss 858mln Y/Y), rev. 13.6bln (prev. 11.1bln Y/Y)
US President Trump posts "Iran doesn’t want the Strait of Hormuz closed, they want it open so they can make $500 Million Dollars a day (which is, therefore, what they are losing if it is closed!)"
Australian Westpac Leading Index MM (Mar) -0.1% (Prev. -0.1%)
US Secretary of State Rubio will join talks between Israel and Lebanon on Thursday
[MARKET UPDATE] Asia-Pac stocks begin mostly lower with peace talks in Islamabad on hold, while US President Trump announced to extend the ceasefire until discussions conclude but will maintain the naval blockade in Hormuz
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This stagnation may indicate that forward-looking economic momentum in Australia remains subdued, which could have implications for future growth expectations and monetary policy considerations. Traders should monitor this in conjunction with other economic indicators to gauge the overall health of the Australian economy.
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