Japanese Industrial Production YoY Prel (Mar) Y/Y 2.3% (Prev. 0.4%)
Japan's preliminary industrial production for March shows a significant increase year-on-year at 2.3%, up from the previous 0.4%.
PBoC is expected to set USD/CNY mid-point at 6.8414 (prev. 6.8608)
[MARKET UPDATE] Asia-Pac bourses open mixed (ASX 200 -0.4%, Nikkei 225 -0.7%, KOSPI +0.7%), US equity futures continues to trade near session highs (NQ outperforming, +0.9%); DXY flat, USD/JPY retreats from 160.50; WTI modestly higher
Japanese Industrial Production YoY Prel (Mar) Y/Y 2.3% (Prev. 0.4%)
Samsung Electronics (005930 KS) - Q1 2026 (KRW): Net 47.1tln (exp. 38.3tln), Operating profit 57.2tln (exp. 57.2tln), Revenue 133.9tln (exp. 117.5tln), chip business aided by HBM4 and SOCAMM2 sales to Nvidia
US Senators Grassley and Banks are demanding answers from major tech and AI companies over concerns that employees with ties to China could access US AI systems, Axios reports
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This stronger data could suggest a rebound in manufacturing activity, potentially influencing investor sentiment around commodities, especially metals, as increased production often correlates with higher demand. Market participants will be keen to see if this trend holds in subsequent data releases, as it could impact the outlook for growth and policy decisions in Japan.
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