Financial News

America's Roundup:Dollar lower in holiday-thin trade, Wall Street near flat, Gold holds steady, Oil hits 2019 high on U.S. plan to tighten squeeze on Iran-April 23rd,2019

Market Roundup

• Oil hits 2019 high on U.S. plan to tighten squeeze on Iran

• U.S. to end all waivers on Iran oil imports, crude price jumps

• US Mar Existing Home Sales, 5.21 mln, 5.30 mln forecast, 5.51 mln previous, 5.48 mln revised

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U.S. existing home sales fall sequentially in March, sales likely to rise in medium-term

U.S. existing home sales dropped in March after rising sharply in the prior month. Sequentially, existing home sales fell 4.9 percent to 5.21 million units. The outturn was a bit weaker than the consensus forecast, which called for a fall of just 3.8 percent.

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Taiwanese industrial production likely to have dropped in March, to return to growth territory from Q2 2019

Taiwanese industrial production data is set to release tomorrow. According to a DBS Bank research report, industrial production is likely to have dropped 1.3 percent year-on-year, as compared with the fall of 1.4 percent seen in January-February.

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Singaporean headline inflation likely to have accelerated slightly in March

Singaporean headline inflation data for the month of March is set to release tomorrow. According to a DBS Bank research report, the consumer price inflation is likely to have reached 0.8 percent on a year-on-year basis.

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Hong Kong headline inflation likely to have recovered year-on-year in March

Hong Kong March inflation data is set to release tomorrow. According to a DBS Bank research report, the consumer price inflation is likely to have recovered to 2.4 percent on a year-on-year basis in March from 2.1 percent seen in the prior month.

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