Broadcasting 24hrs live since 1998
Europe Americas Asia Weekly Wrap Up Monthly Sign In Listen Live with a Free Guest Pass
Asian Market Update TRADETHENEWS.COM STAFF
RBNZ hikes rates as expected, raises GDP forecast; Tech titans Facebook, Apple, TI rally on strong earnings   
Thu, 24 Apr 12:05 AM EST/05:05 AM GMT
< Previous Update  |  Next Update >
Economic Data
- (NZ) NEW ZEALAND CENTRAL BANK (RBNZ) RAISES OFFICIAL CASH RATE BY 25BPS TO 3.00%, AS EXPECTED
- (CN) CHINA MAR CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 1.2% V 0.9% PRIOR (4-month high)

- (KR) SOUTH KOREA Q1 PRELIM GDP Q/Q: 0.9% V 0.8%E; Y/Y: 3.9% V 3.8%E
- (KR) SOUTH KOREA Q1 FOREIGN DIRECT INVESTMENT (FDI) Y/Y: +49.1% V -25.3% PRIOR
- (KR) SOUTH KOREA MAR DEPT STORE SALES Y/Y: -1.1% V -2.4% PRIOR; DISCOUNT STORE SALES Y/Y: -3.7% V -23.1% PRIOR
- (JP) JAPAN MAR CORPORATE SERVICE PRICE INDEX Y/Y: 0.7% V 0.7%E
- (JP) Japan investors sold net ¥463.9B in foreign bonds last week vs bought net ¥114.6B in prior week; Foreign Investors bought net ¥194.0B in Japan stocks v sold net ¥84.2B in prior week
- (VN) VIETNAM APR CONSUMER PRICE INDEX (CPI) Y/Y: 4.5% V 4.6%E

Market Snapshot (as of 03:30 GMT):
- Nikkei225 -0.4%, S&P/ASX +0.1%, Kospi -0.1%, Shanghai Composite -0.2%, Hang Seng +0.2%, Jun S&P500 +0.3% at 1,878, Jun gold +0.2% at $1,286, Jun crude oil +0.2% at $101.67/brl

Highlights/Observations/Insights
- New Zealand dollar is the biggest mover among the dollar majors, hitting a 1-week high against the greenback above $0.8630. As widely expected, Reserve Bank of New Zealand raised its official cash rate by 25bps to 3.00% - its second consecutive rate hike. More importantly, RBNZ boosted its GD ...
< Previous Update  |  Next Update >
Listen live via a free guest pass.
Stock, Credit, Futures and Currency Traders Welcome.
Live 24hr coverage for the European, Americas and Asian Sessions. Profit from a complimentary week of access.