Philippine Inflation Rate MoM (Jan) M/M 0.8% vs. Exp. 0.5% (Prev. 0.9%)
Philippine inflation rising by 0.8% month-on-month, surpassing expectations of 0.5% but down from the previous 0.9%, indicates stronger price pressures than anticipated.
PRE-MARKET CHINESE STOCKS NEWS: US President Trump and Chinese President Xi had an 'excellent' phone call
PBoC sets USD/CNY mid-point at 6.9570 vs exp. 6.9468 (Prev. 6.9533)
Philippine Inflation Rate MoM (Jan) M/M 0.8% vs. Exp. 0.5% (Prev. 0.9%)
Samsung Card (029780 KS) Q4 (KRW) net rose 11.6% Y/Y to 148.6bln, FY net fell 2.8% Y/Y to 645.9bln
US President Trump commented that Fed is in theory an independent body, adds looking at tariff rebate checks very seriously, but haven't committed to tariff rebate checks yet, while he discussed expanding immigration operations to five cities
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This could prompt the central bank to reassess its monetary policy stance, impacting the PHP and regional currencies as participants gauge the implications for interest rate trajectories.
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