Halister News

(Bloomberg) -- Won rises for fourth day to strongest since Nov. 26 after data showed industrial production increased 2.4% on-year in February; median estimate was for 0.2% decline; manufacturers’ confidence index rose to 70 in April, highest since November; weak global demand and fluctuating markets are canceling out much of the benefit exporters could get from weaker won: President Park.

• Japan’s 10-year government bonds drop; foreign investors sold 4.4t yen ($39b) of Japanese securities in week ended March 25, largest amount on Ministry of Finance records going back to 2005; Japanese bought net 1.2t yen overseas debt last week
  • Daiwa Asset Management will end Daiwa Money Management Fund and two other funds, citing impact of negative rates
• Yuan fixing raised to strongest since Dec. 15; onshore and offshore yuan both heading for first quarterly gain in a year; China may pass U.S. as world’s largest crude importer this year, Unipec’s vice president says
• Aussie declines versus dollar, set to end three-day rally and finish quarter down 4.8%; Australia’s private new home sales decreased 5.3% in February from month earlier, when they rose revised 0.6%; credit to business, consumers rose 0.6% on-month in February according to Reserve Bank of Australia report showing impact of record-low interest rates
• Kiwi heads for first loss this week; New Zealand’s business confidence fell to 3.2 in March, lowest since September, from 7.1 prior month
• U.S. Treasuries advance, with yield on 10-year bonds sliding 1 bp to 1.812%; data today may show Chicago PMI increased to 50.7 in March from 47.6 previous month: Bloomberg survey
• Baht steady against dollar, heading for 2.3% quarterly gain; Bank of Thailand will give revised economic forecasts today; current account surplus probably widened to a record $6.1b in February, according to economists surveyed by Bloomberg