Daily Market Insight

• Core euro zone inflation edges up in March, keeping ECB on alert • UK records western Europe's highest inflation as March fall disappoints • Japan March export growth slows, annual trade deficit widens to record • Oil extends losses on fears of rising rates, slowing economic growth

• US housing market stabilizing as single-family homebuilding, permits surge • Strong UK pay growth boosts chance of Bank of England rate rise • J.P.Morgan, Citi upgrade China's 2023 full-year GDP growth forecast • Dollar slips after upbeat China data; euro, pound rise

• Weak retail sales, manufacturing output data point to slowing US economy • Chinese economic recovery on track as Q1 GDP beats estimates • Singapore March exports fall 8.3% y/y, drop less than forecast • Dollar gains after strong New York factory survey

• US consumer sentiment edges up in April; short-term inflation expectations rise • China March new home prices rise at fastest pace in 21 months • Singapore economy slows more than expected in Q1 • Oil prices dip as dollar firms, Chinese data deluge in focus

• Yellen says vigilant to downside economic risks, but don't 'overdo the negativism’ • Euro zone investor morale improves in April • Japan March wholesale inflation slows for 3rd straight month • Gold pushes further past $2,000 as Fed’s Kashkari flags recession

• UK house-building falls by most since 2020 as interest rates bite • Japan’s current account swings back to black on overseas investment • China CPI inflation eases further in March, PPI shrinks • Dollar gains on Fed rate hike bets, yen dips on Ueda comments

• US economy still churning out jobs at brisk clip; wage pressures subsiding • Japan February real wages fall for eleventh month but at slower pace • Canada's jobs market stays strong ahead of central bank rate decision • Dollar firms as US jobs report backs Fed hike in May

• U.S. weekly jobless claims hit 228,000, far above estimates • U.S. services sector growth slows by more than expected in March • German industrial output rises more than expected in February • Oil has 3rd weekly gain, but price stuck at ‘OPEC-cut’ highs

• U.S. job openings slip below 10 million for first time since 2021 in February • Euro zone producer prices fall for fifth straight month in Feb • German exports rise significantly more than expected in February • Oil edges up as OPEC cuts, U.S. inventories brighten outlook

• ISM manufacturing PMI fell to 21-month low of 46.3 in March • German manufacturing activity downturn deepened in March • South Korea inflation softens to one-year low, outlook murky • Dollar’s slide on rate-cut bets nearing limit as economic stress coming up short