analysis

Cambodia is set to return to the diplomatic stage for former PM Hun Sen back in Cambodia

The 10-year note yield is now trading at its highest level since November 2023, 4.39% Stronger than expected inflation data and rising oil prices added to inflation worries over the last month. The 10-year note yield is now just 11 basis points from crossing 4.50%; small interest rate cut is now expected in 2024.

The US ISM Services PMI fell to 51.4 in March 2024 from 52.6 in February and below forecasts of 52.7. New orders rose less (54.4 vs 56.1 ), inventories fell again (45.6 vs 47.1) and supplier deliveries increased (45.4 vs 48.9) Also, business activity/production (53.4 vs 58.6) increased at a quicker pace and price pressures eased to the lowest since March 2020, but respondents indicated that even with some prices stabilizing, inflation

**U.S. labor market data released from ADP** **Employment in the private sector in March: +184 thousand jobs with a forecast of +150 thousand. For February: +155 thousand jobs (revised from +140 thousand jobs)** But the most problematic thing to predict inflation is that those who are changing jobs saw a sharp leap in wage growth to +10.0% year on year

In March 2024, private businesses in the US hired 184K workers in March 2024 following an upwardly revised 155K in February and beating predictions of 148K. It is the biggest increase in hiring in eight months with employment in services (142K) : leisure and hospitality (63K) and trade/transportation/utilities (29K) and the goods-producing sector, mostly construction (33K).

The markets are opening the second quarter on a rough note as bond yields are rising and traders had lower expectations that the Federal Reserve will cut interest rates in June bringing the markets down. The 30-stock Dow dropped nearly 400 points for its second straight losing session with the S&P 500 dropping 0.7%, while the Nasdaq Composite fell nearly 1%. Investors will be watching the ADP Private Payrolls report released on Wednesday ahead of March jobs data on Friday.

Taiwan suffered the strongest earthquake in a quarter century and leveled dozens of buildings on the east side of the island, killing at least seven people and disrupting semiconductor production at some of the world’s leading chipmakers. It hit at 7:58 a.m. local time and measured 7.4 in magnitude, according to the US Geological Survey, which pushed the epicenter near the eastern city of Hualien. Impacts were felt as far as Japan and China - Taiwan is of paramount importance to the

Twse.com.tw/en/about/news/news/content.html?ff8080818d397607018ea15e7d9504bd) said in a declaration(https://www.twse.com.tw/en/about/news/news/content.html?ff8080818d397607018ea154d9504bd ) that they checked their computers and network systems after the https://tinyurl.com/2yb72m6n

Consumer price inflation rates in the Eurospace decreased to 2.4% in March 2024 compared to its 28-month low of November and falling below market expectations of 2.6%, a preliminary estimate showed. Energy prices declined 1.8% (vs 3.7% in February) and non-energy industrial goods of 1.1% (vs 1.6%). On the other hand, the inflation for services remained constant at 4.0% on a monthly basis.

U.S. seeks to integrate Japan into defense industrial base US aims to 'integrate' Japan into the industrial base