Daily Market Insight

• US economy still churning out jobs at brisk clip; wage pressures subsiding • Japan February real wages fall for eleventh month but at slower pace • Canada's jobs market stays strong ahead of central bank rate decision • Dollar firms as US jobs report backs Fed hike in May

• U.S. weekly jobless claims hit 228,000, far above estimates • U.S. services sector growth slows by more than expected in March • German industrial output rises more than expected in February • Oil has 3rd weekly gain, but price stuck at ‘OPEC-cut’ highs

• U.S. job openings slip below 10 million for first time since 2021 in February • Euro zone producer prices fall for fifth straight month in Feb • German exports rise significantly more than expected in February • Oil edges up as OPEC cuts, U.S. inventories brighten outlook

• ISM manufacturing PMI fell to 21-month low of 46.3 in March • German manufacturing activity downturn deepened in March • South Korea inflation softens to one-year low, outlook murky • Dollar’s slide on rate-cut bets nearing limit as economic stress coming up short

• US consumer spending slows, but seen boosting first-quarter GDP growth • Japan factory activity shrinks at slowest pace in five months • Chinese factory growth slows in March as post-COVID boom fades • Oil jumps $5/bbl as surprise OPEC+ output cuts jolt markets

• US labor market remains tight; corporate profits decline • Tokyo CPI inflation slows slightly less than expected in March • Chinese manufacturing PMI slows in March, services hit 15-year high • Gold prices keep $2,000 in sight as bank fears bring bumper quarter

• U.S. retail sales to grow at slower pace in 2023 • China’s factory activity likely expanded at a slower pace in March • Thai Feb factory output down 2.71% y/y, slightly better than forecast • Dollar rebounds as banking fears fade; yen falls on quarter-end flows

• US goods trade deficit widens as exports decline • Food prices push UK shop price inflation to new high • Australia's inflation slows to 8-month low in Feb, adding to rate pause case • Oil edges up as Kurdish risks, U.S. inventory draw point to tight supply

• UK retailers turn positive on sales hopes after bleak winter • Chinese industrial profits sink in sluggish start to the year • Australia retail sales growth slows to 0.2% in February • Dollar advances against Japanese yen as banking fears ease

• US labor market still tight; housing market close to bottoming out • UK consumer mood hits one-year high, but financial gloom persists • Japan CPI inflation dips from over 40-year highs in Feb • Dollar pares losses after central banks raise rates