US Factory Orders MoM (Mar) M/M 1.5% vs. Exp. 0.4% (Prev. 0%)
The US Factory Orders for March beat expectations significantly, coming in at 1.5% versus the anticipated 0.4%.
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 MoM (Mar) M/M 1.5% vs. Exp. 0.4% (Prev. 0%)
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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- Inventories/Shipments 1.51 Months’ Worth (prev. 1.52)
This substantial increase may indicate strengthening demand, which could lead to upward pressure on growth estimates and potentially influence the Fed's policy outlook. The slight decline in inventories relative to shipments suggests tighter supply conditions, reinforcing a bullish sentiment in the manufacturing sector.
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