US Factory Orders ex Transportation (Mar) 1.6% (Prev. 1.2%)
The March factory orders ex-transportation rose by 1.6%, outpacing the prior month's increase of 1.2%.
Japanese Finance Minister Katayama says they would take firmer steps against speculative FX activity, under the remit of the 2025 US agreement
Kazakhstan has lifted its oil and gas condensate output in April to 2.17mln BPD, +16% M/M, sources report
US Factory Orders ex Transportation (Mar) 1.6% (Prev. 1.2%)
US EQUITY OPEN: Indices open contained amid conflicting Strait of Hormuz projectile reports
Fire happened at bulk carrier owned by a Korean shipper HMM, it is not clear whether fire caused by attack or internally, via HMM Spokesperson
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This suggests a strengthening in core manufacturing activity, potentially reflecting robust demand in sectors outside transportation and implying positive momentum for the economy. Such strength may influence expectations around monetary policy, particularly in terms of growth and inflation dynamics.
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