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April 27th - The State Council Information Office will hold a regular policy briefing at 3:00 PM on Tuesday, April 28th, 2026. Shen Zhulin, Vice Chairman of the National Development and Reform Commission; Zhang Li, Assistant Minister of Commerce; Gao Zheng, Vice Minister of Culture and Tourism; Deng Zhiyong, Vice Minister of the State Administration for Market Regulation and Director of the State Standardization Administration; and relevant officials from the Ministry of Industry and Information Technology will introduce the "Opinions on Promoting the Expansion and Quality Improvement of the Service Industry" and answer questions from reporters.April 27th - According to data from the Ministry of Commerce, my countrys wholesale and retail trade added value increased by 4.1% year-on-year in the first quarter, indicating a good start for the sector. In the first quarter, the added value of my countrys wholesale and retail trade reached 3.5 trillion yuan, a year-on-year increase of 4.1%, accounting for 10.5% of GDP. Market operations started smoothly, with most sectors maintaining growth. Looking at the wholesale sector, in the first quarter, the transaction volume of key commodity markets monitored by the Ministry of Commerce increased by 8.6% year-on-year, with the transaction volume of production materials and industrial consumer goods markets increasing by 16.1% and 10.7% year-on-year, respectively. Looking at the retail sector, in the first quarter, retail sales of goods reached 11.3 trillion yuan, a year-on-year increase of 2.2%.On April 27th, Windward, a UK-based maritime analytics firm, released a report on the 26th stating that after several days of sluggish traffic, vessel traffic in the Strait of Hormuz increased on the 25th, with 19 vessels passing through that day. The report showed that of the 19 vessels, 5 entered the Gulf waters and 14 exited, all with their Automatic Identification System (AIS) activated. All entering vessels were cargo ships, and all transited the northern shipping lane controlled by the Iranian Islamic Revolutionary Guard Corps. Exiting vessels included 3 oil tankers, 2 bulk carriers, and 9 other cargo ships. The total number of vessels observed in the Gulf waters increased to 892, an increase of 126 from the previous day.On April 27th, the National Energy Administration released data on national electric vehicle charging infrastructure for March 2026. According to data from the National Charging Infrastructure Monitoring and Service Platform, as of the end of March 2026, the total number of electric vehicle charging infrastructure (guns) in my country reached 21.481 million, a year-on-year increase of 46.9%. Among them, there were 4.863 million public charging facilities (guns), a year-on-year increase of 28.1%, with a total rated power of 234 million kilowatts and an average power of approximately 48.06 kilowatts; and 16.618 million private charging facilities (guns), a year-on-year increase of 53.5%, with a registered power capacity of 147 million kilovolt-amperes.Hong Kong stocks two major model stocks weakened amid volatility, with MINIMAX-W (00100.HK) falling more than 12% and Zhipu (02513.HK) falling more than 3%.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

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Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.