Australian Westpac Leading Index MoM (Mar) M/M -0.1% (Prev. -0.1%)
The Australian Westpac Leading Index for March shows a month-over-month change of -0.1%, unchanged from the previous reading.
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 MoM (Mar) M/M -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 suggests a continuation of soft economic momentum, which may impact market sentiment regarding growth prospects in Australia. Traders should monitor this as it might influence expectations for future monetary policy adjustments.
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