Daily Market Insight

• US consumer spending slows, but seen boosting first-quarter GDP growth • Japan factory activity shrinks at slowest pace in five months • Chinese factory growth slows in March as post-COVID boom fades • Oil jumps $5/bbl as surprise OPEC+ output cuts jolt markets

• US labor market remains tight; corporate profits decline • Tokyo CPI inflation slows slightly less than expected in March • Chinese manufacturing PMI slows in March, services hit 15-year high • Gold prices keep $2,000 in sight as bank fears bring bumper quarter

• U.S. retail sales to grow at slower pace in 2023 • China’s factory activity likely expanded at a slower pace in March • Thai Feb factory output down 2.71% y/y, slightly better than forecast • Dollar rebounds as banking fears fade; yen falls on quarter-end flows

• US goods trade deficit widens as exports decline • Food prices push UK shop price inflation to new high • Australia's inflation slows to 8-month low in Feb, adding to rate pause case • Oil edges up as Kurdish risks, U.S. inventory draw point to tight supply

• UK retailers turn positive on sales hopes after bleak winter • Chinese industrial profits sink in sluggish start to the year • Australia retail sales growth slows to 0.2% in February • Dollar advances against Japanese yen as banking fears ease

• US labor market still tight; housing market close to bottoming out • UK consumer mood hits one-year high, but financial gloom persists • Japan CPI inflation dips from over 40-year highs in Feb • Dollar pares losses after central banks raise rates

• US labor market still tight; housing market close to bottoming out • UK consumer mood hits one-year high, but financial gloom persists • Japan CPI inflation dips from over 40-year highs in Feb • Dollar pares losses after central banks raise rates

• SVB-focused Fed hikes rates 25 bp, suggests one more on horizon • UK inflation surprise pressures BoE to raise rates again • Japan's land prices up at fastest pace since 2008 on gradual econ recovery • Dollar hits near 7-week low as Fed’s terminal rate approaches

• Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed • U.S. single-family housing starts, building permits rebound in February • German exporters’ dip in China trade dampens post-lockdown hopes • Oil prices dip as Fed meeting looms, U.S. stockpiles seen rising

• US bank deposit outflows, unrelated to Credit Suisse, have stabilized • Euro zone trade deficit flat in Jan despite increased energy import spend • German producer prices rise more than expected in February • Dollar languishes as bank crisis fears ebb on Credit Suisse rescue