Japanese Leading Economic Index Prel (Jan) 112.4 vs. Exp. 113.2 (Prev. 111)
The preliminary figure for Japan's Leading Economic Index fell short of expectations, indicating potential weakness in economic momentum.
Sumitomo Rubber (5110 JT) is to cut costs and hike prices to offset crude impact, while it sees several billion yen profit hit if crude is at USD 100, according to Nikkei
Japanese Finance Minister Kato says a weak yen is one factor behind rising prices
Japanese Leading Economic Index Prel (Jan) 112.4 vs. Exp. 113.2 (Prev. 111)
Kpler's Bakr posts "Europe has few options to replace lost jet fuel flows from the Middle East following disruption in Hormuz. With Asian markets pulling cargoes eastward and export restrictions tightening supply..."
Turkey is to deploy 6 F-16s in northern Cyprus
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This miss may signal a need for further monetary easing, which could impact yen valuation and have broader implications for commodities, particularly metals that are sensitive to economic growth forecasts.
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