Japanese PPI MoM (Apr) M/M 2.3% (Prev. 0.8%)
The Japanese PPI increased significantly to 2.3% MoM in April, up from a previous 0.8%, indicating rising input costs.
USTR Greer says had a lot of successes in rebalancing trade with China and we expect to see an agreement for double-digit billions of dollars of agricultural sales to China coming out of the summit
Australian Union announces industrial action at Woodside Energy's (WDS) Karratha Gas Plant and Pluto LNG facilities is set to commence on Wednesday
Japanese PPI MoM (Apr) M/M 2.3% (Prev. 0.8%)
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Honda Motor (7267 JT) is to suspend a CAD 15bln electric-vehicle manufacturing plant planned for Ontario, Samsung Heavy Industries (010140 KS) secured a KRW 750.5bln order for two LNG carriers
Fed's Barr (voter) says we are not in recession but there's been little job creation, while he hasn't decided on what to do at the June FOMC meeting
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This sharp increase may signal inflationary pressures that could influence the Bank of Japan's monetary policy stance, impacting both domestic equities and commodities, particularly metals tied to production costs.
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