5/4/2021 10:06:08 AM GMT
Notes/Observations
Asia
- RBA left Cash Rate Target unchanged at 0.10% and maintained its 3-year Yield Target at 0.10% (both as expected); Keeps its dovish undertones and put focus on its July meeting whether to retain the April 2024 bond or shift into the November 2024 maturity for its 3-Year Yield Target; to also consider a 3rd QE program at that time.
- Australia Mar Trade Balance: A$5.6B v A$8.2Be.
- Australia MP Ted O Brien seeks to fight Communist China with boycotts and sanctions.
- Analysts believe that if Australia terminated the lease of Port Darwin to the Chinese early it could kill all future Chinese investment into Australia.
No surprises in Riksbank rate decision
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
EU data pointing towards a stronger recovery
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
- WBC.AU ASIC commences civil proceedings in relation to the sale of consumer credit insurance.
- (AU) Australia Trade Min Tehan: Will protect interests against any country (talking about China warning of joining sanctions on officials).
Japan
- (JP) Japan Chief Cabinet Sec Kato: Untrue that Japan is considering vaccinating Olympic Athletes.
- 5486.JP Hitachi Ltd. reportedly in talks with Bain about potential sale of its metals division - Nikkei.
- (JP) Japan Feb Current Account: ¥2.92T v ¥2.00Te; Adj Current Account: ¥1.79T v ¥1.02Te; Trade Balance (BoP): ¥524.2B v -¥130.1B prior.
- (JP) Japan MoF sells ¥2.5T v ¥2.5T indicated in 0.10% 5-year JGBs; avg yield -0.0910% v -0.062% prior, bid to cover 4.55x v 3.25x prior (highest btc since Oct 2020).