Chinese Unemployment Rate (Feb) 5.3% (Prev. 5.1%)
The uptick in China's unemployment rate to 5.3% from a previous 5.1% suggests potential underlying economic softness, which could influence sentiment towards the yuan and broader risk appetite in Asian markets.
[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 Unemployment Rate (Feb) 5.3% (Prev. 5.1%)
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 figure could also prompt questions about the effectiveness of current economic policies and their impact on future growth forecasts.
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