The US should hold off on rate cuts and “wait and see,” Bessent told Semafor.
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CHINA (MAR) EXPORTS (YOY) ACTUAL: 7.1% VS 21.8% PREVIOUS;EST 8.3%
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Bessent said the economy was “very strong” through January and February, Semafor reports.
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CHINA (MAR) IMPORTS (YOY) ACTUAL: 27.8% VS 19.8% PREVIOUS;EST 11.1%
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CHINA (MAR) TRADE BALANCE (USD) ACTUAL: 51.13B VS 213.62B PREVIOUS;EST 107.50B
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CHINA (MAR) EXPORTS ACTUAL: 23.80M VS 36.10M PREVIOUS
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The finance minister of Pakistan says all options are being considered to replace a $3.5 billion loan from the UAE.
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Pakistan may need to build strategic fuel reserves and speed up renewable energy adoption as Iran war-related price spikes continue, an official said.
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Pakistan plans to roll out a $250 million inaugural panda bond next month, according to the finance minister.
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Pakistan is set to return to global bond markets and is also looking at sukuk financing, he says.
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Pakistan projects roughly $41.5 billion in remittances for the current fiscal year, according to the finance minister.
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The Israeli army reports one soldier killed and three injured during combat in southern Lebanon.
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The US-sanctioned tanker Rich Starry passed through the Strait of Hormuz on Tuesday despite a US blockade, shipping data show.
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China’s commerce ministry urged the UK to guarantee a fair and non-discriminatory business environment for Chinese companies, citing Ming Yang Smart Energy.
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China’s commerce ministry urged the UK to promote stronger practical cooperation in China–UK economic and trade relations.
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Indonesia’s trade ministry raises its February refined tin export figure to 8,630.68 metric tons, up from 3,927 tons previously reported.
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China’s imports surge in March as exports soften amid Hormuz blockade-SCMP
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Singapore Dollar Consolidates as Traders Eye Middle East Developments-WSJ
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China exports slow as Middle East turmoil weighs-FT
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The 10-year Japanese government bond yield slips 3.0 bps to 2.435%.
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Yield on Japan’s 20-year government bonds drops 5.5 bps to 3.335%.
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