Gold prices in India remained stable; central banks increased gold reserves; US Treasury yields impacted gold negatively.
BMO analysts await CPI report, influencing Fed policy. Core inflation remains persistent, with focus on housing services.
The PBOC set USD/CNY at 7.1696, lower than expected, using monetary tools to influence economic stability.
The PBOC sets a daily yuan reference rate, allowing limited fluctuation while intervening to maintain stability when needed.
Japan’s largest firms plan wage hikes to tackle inflation, labour shortages, and yen depreciation amid policy shifts.
Toyota considers exporting UK-made vehicles to the US to counter tariffs from the Trump administration and adapt trade strategies.
WTI crude rebounds to $66.25 amid a weaker US Dollar, rising inventories, geopolitical tensions, and tariff concerns.
Japan’s February PPI was 0.0% month-on-month, 4.0% year-on-year, indicating stable manufacturing costs and inflation trends.
Japan’s largest companies plan wage hikes amid inflation, with smaller firms struggling to keep pace with rising costs.
Japan’s BSI Large Manufacturing Index fell to -2.4 in Q1, reflecting negative business sentiment and economic challenges.
Insights 
VT 
