BofA (BAC) says in the week through 14th March, total card spending +4.9% Y/Y (vs +3.2% average during Feb)
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Taiwan Central Bank leaves rates unchanged at 2.00%, as expected
Japanese government reportedly mulling whether to compile stopgap budget if the FY26/27 budget does not pass parliament by end-March, Kyodo reports
BofA (BAC) says in the week through 14th March, total card spending +4.9% Y/Y (vs +3.2% average during Feb)
CK Hutchinson (0001 HK) FY (HKD): Net Income 11.84bln (exp. 21.74bln), Total Revenue 507.3bln (exp. 483.5bln), EBIT 57.6bln (exp. 59.3bln)
China Jan-Feb fiscal expenditures +3.6% Y/Y; fiscal revenues +0.7% Y/Y
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Context
Bank of America's report showing a 4.9% year-over-year increase in total card spending for the week ending March 14 indicates a notable uptick from February's average of 3.2%. This higher spending could signal stronger consumer demand, which may influence economic growth outlooks and monetary policy considerations moving forward.
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