First Squawk

CHINA (Q1) GDP (YOY) ACTUAL: 5% VS 4.5% PREVIOUS;EST 4.8% (@FirstSquaw)

CHINA (MAR) RETAIL SALES (YOY) ACTUAL: 1.7% VS 2.8% PREVIOUS;EST 2.4% (@FirstSquaw)

CHINA (MAR) CHINESE UNEMPLOYMENT RATE ACTUAL: 5.4% VS 5.3% PREVIOUS;EST 5.2% (@FirstSquaw)

CHINA (Q1) GDP (QOQ) ACTUAL: 1.3% VS 1.2% PREVIOUS;EST 1.4% (@FirstSquaw)

CHINA (MAR) INDUSTRIAL PRODUCTION (YOY) ACTUAL: 5.7% VS 6.3% PREVIOUS;EST 5.4% PREVIOUS (@FirstSquaw)

CHINA (MAR) FIXED ASSET INVESTMENT (YOY) ACTUAL: 1.7% VS 1.8% PREVIOUS;EST 1.8% (@FirstSquaw)

Japan’s finance minister says he is unaware of any discussion regarding BOJ monetary policy with Bessent. (@FirstSquaw)

Japan’s finance minister highlights that FX volatility, driven partly by oil futures, is affecting households and the economy. (@FirstSquaw)

Japan and Bessent discussed FX issues and will keep close communication, says Finance Minister Katayama. (@FirstSquaw)

China’s banking asset-liability strategies and competitive dynamics are expected to remain stable despite prolonged low rates, Fitch notes. (@FirstSquaw)

China’s banks will likely manage liquidity prudently and limit rate and refinancing risks, Fitch notes. (@FirstSquaw)

Chinese banks are unlikely to see material deposit withdrawals even in a low-rate environment, Fitch notes. (@FirstSquaw)