In today’s briefing:
- Lanka EDB Sits With Rubber Product Exporters To Tackle US Tariffs
- Global Manufacturers Shrug Off Tariffs
- CX Daily: How China Can Counter Trump’s Tariffs
- OPEC, EIA, and IEA Lower Oil Price Projections; Natural Gas Expected to Be Resilient
- Actinver Research – Macro Daily: Inflation Forecast (1h-Apr)
- Indonesia: Policy Rate Held At 5.75% (Consensus 5.75%) in Apr-25
Lanka EDB Sits With Rubber Product Exporters To Tackle US Tariffs
- 85% of Lankan rubber products shipped to US, EU markets
- Tariffs can diminish 28% of US rubber products export revenue
- Govt allocates LKR 1500 million for rubber industry in Budget
Global Manufacturers Shrug Off Tariffs
- Volatile and destructive US trade policy has roiled markets and confidence, but April’s flash PMI data suggests the sector isn’t suffering significantly more than before.
- The average held steady while the US balance increased. Weakness concentrated in the UK, where experience of the past decade suggests it is more distorted by bad vibes.
- Unemployment data are a more reliable signal, albeit lagging, and these also remain remarkably resilient. Rate cuts rely on Trump breaking the economy, but lack evidence.
CX Daily: How China Can Counter Trump’s Tariffs
- Tariffs / In Depth: How China can counter Trump’s tariffs The potential impact of U.S.
- Data /Analysis: Why China’s tax revenue is falling even as GDP jumps
- Service /: China expands pilot to liberalize service sector amid trade tensions
OPEC, EIA, and IEA Lower Oil Price Projections; Natural Gas Expected to Be Resilient
- OPEC lowered its 2025 oil demand growth forecast to 1.3m bpd from 1.45m bpd, while the IEA and EIA also revised forecasts down to 0.90m bpd and 0.73m bpd, respectively.
- The EIA significantly lowered its 2025-2026 crude oil price outlook, citing the dual impact of Trump’s tariffs and OPEC+’s decision to boost output.
- U.S. tariffs and China’s retaliatory measures are injecting uncertainty into global oil trade and refining margins.
Actinver Research – Macro Daily: Inflation Forecast (1h-Apr)
- We anticipate that inflation for the first half of April will stand at 0.10% biweekly (3.93% YoY), driven by increases in tourism-related services and certain agricultural products.
- Typically, inflation for this period averages -0.02% biweekly, as electricity subsidies begin in northern states due to rising seasonal temperatures.
- For this period, we expect electricity prices to fall by -12.5% biweekly.
Indonesia: Policy Rate Held At 5.75% (Consensus 5.75%) in Apr-25
- Bank Indonesia maintained the BI-Rate at 5.75%, in line with expectations, with a cautious stance to safeguard price stability and currency fundamentals amid heightened global uncertainty stemming from US-China trade tensions.
- A resilient external position—anchored by a robust trade surplus, substantial reserves, and controlled inflation—has enabled the central bank to manage volatility while preserving policy flexibility.
- With inflation subdued and global headwinds intensifying, Bank Indonesia retains an easing bias, with future rate cuts contingent on inflation dynamics, Rupiah stability, and international capital flow conditions.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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