Chinese Unemployment Rate (March) 5.4% vs. Exp. 5.2% (Prev. 5.3%)
The Chinese unemployment rate for March printed at 5.4%, slightly above expectations of 5.2% and higher than the previous reading of 5.3%.
Japanese Finance Minister Katayama says many central bankers are adopting a wait-and-see stance, as raising interest rates could have a negative impact on the economy, adds it is impossible to predict when the current situation ends and spillover effects
China NBS says the economy had a good start in Q1, but the external situation is becoming more complex, adds China is to expand domestic demand and optimise supply
Chinese Unemployment Rate (March) 5.4% vs. Exp. 5.2% (Prev. 5.3%)
Hezbollah fires long-range missiles at Tel Aviv, according to Defapress
[MARKET ANALYSIS] Oil prices are rangebound amid conflicting ceasefire related headlines
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This marginal miss could suggest potential softness in the labor market, which may complicate the economic outlook and influence policy decisions going forward. Traders should consider how this data fits into the broader context of China's recovery and its implications for growth and inflation going forward.
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