Weak April exports should further raise the likelihood of a BoK rate cut in May
A further weakness is expected in Korea's exports in April given the sizeable year-on-year decline in exports in the month up to 20 April. Societe Generale sees a decline in exports from USD 47.0bn in March to USD 46.0bn…
A further weakness is expected in Korea's exports in April given the sizeable year-on-year decline in exports in the month up to 20 April.
Societe Generale sees a decline in exports from USD 47.0bn in March to USD 46.0bn in April, while imports are likely to rise slightly from USD 38.6bn to USD 39.0bn thanks to a mild rebound in crude oil prices.
The slowdown in exports should also lead to a slight decline in the trade surplus. Weak April exports will be bad news for the Q2 GDP outlook and will further raise the likelihood of a BoK rate cut in May.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
