Philippine Inflation Rate MoM (Mar) M/M 1.4% vs. Exp. 0.9% (Prev. 0.2%)
The Philippine inflation rate for March surprised to the upside at 1.4% month-on-month, significantly exceeding the expected 0.9% and sharply higher than the previous month’s 0.2%.
PBoC sets USD/CNY mid-point at 6.8854 vs exp. 6.8773 (Prev. 6.8929)
PRE-MARKET CHINESE STOCKS NEWS: China's MOFCOM unveiled a framework to advance e-commerce development, Hong Kong markets remain closed
Philippine Inflation Rate MoM (Mar) M/M 1.4% vs. Exp. 0.9% (Prev. 0.2%)
Tanker explosion near the Bridge of Americas in Panama City caused a massive fire
Anthropic is planning to invest USD 200mln in a new venture with major private-equity firms and is in talks to raise USD 1bln for the venture
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This substantial increase raises concerns about persistent inflationary pressures in the economy, which could prompt the central bank to consider tightening policy sooner than anticipated, influencing forex markets and risk sentiment in the region.
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