Chinese Retail Sales YoY (Apr) Y/Y 0.2% vs Exp. 2.0% (Prev. 1.7%)
The weaker-than-expected Chinese retail sales growth at 0.2% significantly misses the 2.0% forecast, indicating potential headwinds for consumer spending in China.
[MARKET ANALYSIS] Oil resumed its rally after Trump warned the clock is ticking on Iran, while he is set for a Situation Room meeting on Tuesday to discuss possible options for military action
China stats bureau says external situation is complex and China's economic foundation still needs to be consolidated, adds to continue to optimise supply and domestic supply-demand imbalance remains prominent, will continue to expand domestic demand
Chinese Retail Sales YoY (Apr) Y/Y 0.2% vs Exp. 2.0% (Prev. 1.7%)
South Korean court said to partially accept Samsung Electronics (005930 KS) injunction request against the union's planned strike, according to Yonhap
[CALENDAR ADDITION] US President Trump will participate in a healthcare event at 16:30EDT/21:30BST on Monday
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This underperformance suggests a cautionary outlook for economic growth and may influence the PBoC's policy stance moving forward, adding pressure on risk sentiment across markets.
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