Gold Silver Reports (GSR ) — Fresh off its climb to No. 6 in the world as of 2017, India’s economy is forecast to take the No. 3 spot by 2030, according to a report by HSBC Holdings Plc.
JAPAN
Sensex Slumps 550 points; Nifty Breaches 11,000; HDFC, Mahindra Top Losers
Gold Silver Reports (GSR) – Sensex Slumps 550 points – The BSE Sensex and the NSE Nifty 50 opened higher on Monday, but soon erased gains and fell over 1.5%, dragged down mainly by finance stocks such as HDFC and Indiabulls Housing Finance.
President Trump hints to WSJ that Trade Fight with Japan Could be Next
✅ During a phone call with President Donald Trump, WSJ columnist James Freeman noted that the president sounded “still very focused on eliminating trade deficits with America’s trading partners.”
Japan May Preliminary Leading Indicator Index 106.9 vs 106.6 Expected
Gold Silver Reports (GSR) – The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there isn’t much of an impact on this release.
- Prior 106.2
- Coincident index 116.1 vs 116.1 expected
- Prior 117.5
Futures Signaled Losses for Stock Indexes in Japan
Gold Silver Reports (GSR) – Futures signaled losses for stock indexes in Japan, Hong Kong and South Korea after the S&P 500 Index followed European bourses lower. Reports that the U.S. Treasury will propose limits on Chinese technology investment damped sentiment, though stocks did recoup some losses as National Trade Council Director Peter Navarro said there were no plans to impose restrictions. The dollar weakened and 10-year Treasury yields fell to the lowest in more than three weeks.
China, Japan Vow Cooperation to Get North Korea to Quit Nukes
Gold Silver Reports (GSR) – China, Japan Vow Cooperation to Get North Korea to Quit Nukes — “To get North Korea to abandon its nuclear weapons and missiles in a complete, irreversible and verifiable way, we agreed we must enforce the relevant Security Council resolutions and work closely together,” Japanese Foreign Minister Taro Kono told reporters Sunday in Tokyo after a meeting with Chinese counterpart Wang Yi.
Japan Inflation Picks Up in November But Still Well Below Target
Gold Silver Reports – Japan Inflation Picks Up in November But Still Well Below Target — Japanese inflation unexpectedly sped up in November but prices are still rising at less than half the rate targeted by central bank.
Saudi Arabia Maintains Share of Japan’s Oil Imports
Gold Silver Reports — Saudi Arabia accounted for 40% of Japan’s crude oil imports in the first half of 2017, unchanged from the share it enjoyed before OPEC agreed to cut oil production.
JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY
Gold Silver Reports – JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY — Japan posted a merchandise trade surplus of 813.389 billion yen in February, the Ministry of Finance said on Wednesday, following the downwardly revised 1,087.9 billion yen deficit (originally -1,086.9 billion yen) in January.