Chinese Industrial Production YoY (Jan-Feb) Y/Y 6.3% vs Exp. 5.3% (Prev. 5.2%)
The stronger-than-expected Chinese Industrial Production growth at 6.3% suggests improved economic momentum relative to both expectations and the previous reading.
[MARKET ANALYSIS] Oil saw two-way price action after the US struck Iran's Kharg Island key oil export hub but left oil infrastructure intact
US President Trump seeks a Hormuz coalition and is weighing seizing Iran's critical oil depot on Kharg Island — a move that would require US boots on the ground — if tankers remain bottled up in the Persian Gulf, according to US officials cited by Axios
Chinese Industrial Production YoY (Jan-Feb) Y/Y 6.3% vs Exp. 5.3% (Prev. 5.2%)
Japanese PM Takaichi says Japan has no plan currently to dispatch its navy to the Middle East to escort vessels
Dubai temporarily suspends flights at Dubai International Airport
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This could have positive implications for commodities, especially industrial metals, and may influence market sentiment towards the Chinese economy and global growth forecasts more broadly.
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