Chinese House Price Index MoM (Mar) M/M -0.2% (Prev. -0.3%)
The slight improvement in China's House Price Index, moving from -0.3% to -0.2%, suggests a marginal stabilization in the housing market.
Hezbollah fires long-range missiles at Tel Aviv, according to Defapress
[MARKET ANALYSIS] Oil prices are rangebound amid conflicting ceasefire related headlines
Chinese House Price Index MoM (Mar) M/M -0.2% (Prev. -0.3%)
PBoC injects CNY 0.5bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.8616 vs exp. 6.8190 (Prev. 6.8582)
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While this may indicate that the downward pressure on prices is easing, it's essential to assess whether this shift reflects a broader trend or remains noise in a still-fragile economic landscape. Continued weakness may impact growth prospects, which could put pressure on policy decisions moving forward.
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