Philippine Inflation Rate YoY (Mar) Y/Y 4.1% vs. Exp. 3.6% (Prev. 2.4%)
The Philippine inflation rate came in significantly higher than expectations, rising to 4.1% year-over-year against the anticipated 3.6% and up from 2.4% the previous month.
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 YoY (Mar) Y/Y 4.1% vs. Exp. 3.6% (Prev. 2.4%)
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 suggests increasing price pressures that could influence the Bangko Sentral ng Pilipinas' monetary policy decisions, potentially leading to a more hawkish stance. Traders should watch for implications on the Philippine peso, as elevated inflation could bolster expectations for interest rate hikes.
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