Turkey Targets 5% Economic Growth by 2029 
OPEC+ Expected to Hold October Oil Output Steady 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
China Expands Influence in Global Gold Market 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft 
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Hong Kong will announce March CPI inflation on 21 April. The headline inflation y/y is expected to have eased moderately. Food and housing (accounts for almost 60% of CPI weighting basket) likely stayed high offsetting the effect of lower oil prices.
Despite further mortgage tightening measures from the Hong Kong Monetary Authority in February, housing prices in particular have been trending higher.
According to Standard Chartered estimates, the headline inflation is seen at 4.5% y/y from 4.6% prior.
The underlying CPI measure, which excludes distortions from one-off government concessions probably edged lower from previous 2.85%.
On the basis of this, 2015 headline inflation is projected to average an elevated level around 3 - 4%, reflecting still-solid domestic demand and minimal spillover from low oil prices.
USD/HKD is currently trading at 7.75125.
