Economic Data Releases in Asia on Monday
Japanese current account figures for February and potential Chinese credit, loan growth, and money supply data for March may divert investors' focus from geopolitical issues.
Key Asian Economic Events This Week
Major events this week include Chinese CPI and PPI inflation, trade balance, Indian inflation, Australian unemployment, and interest rate decisions from South Korea and Singapore.
March U.S. Consumer Price Inflation Influencing Market Direction
This week's market direction will be partly driven by Wednesday's U.S. consumer price inflation data. Headline annual inflation is expected to slow while core inflation remains persistent.
U.S. Employment Data and Federal Reserve Outlook
Friday's U.S. employment data had little impact on rates traders' outlook for the Federal Reserve. They still anticipate a 50 basis point rate cut this year.
First-Quarter U.S. Earnings Season Begins
Major banks like JPMorgan and Citigroup will release Q1 earnings this week. Analysts expected a 5.2% drop in S&P 500 earnings compared to Q1 last year.
China's Military Drills Around Taiwan Conclude
Monday marks the final day of China's three-day military exercises around Taiwan, which have garnered significant attention.
U.S. Comfortable with Resources to Ensure Peace
The de facto U.S. embassy in Taiwan stated it is "comfortable and confident" in having sufficient resources and capabilities regionally to maintain peace and stability.
Foxconn Invests in Electric Vehicle Production
Foxconn announced plans to invest $820 million over the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle ambitions.