Sydney：12/24 22:26:56

Tokyo：12/24 22:26:56

Hong Kong：12/24 22:26:56

Singapore：12/24 22:26:56

Dubai：12/24 22:26:56

London：12/24 22:26:56

New York：12/24 22:26:56

2026-04-07 Tuesday

2026-04-10

18:14:42

[Soaring Oil Prices and Fuel Shortages Drive Pakistanis to Buy Electric Motorcycles] ⑴ Following Iran's effective blockade of the Strait of Hormuz, two electric motorcycle shops 1,400 kilometers apart in Pakistan have seen a surge in inquiries. The first merchant in the northern city of Rawalpind to convert gasoline-powered vehicles to electric reported a 70% increase in sales in March. ⑵ Pakistan imports almost all of its oil through the Strait of Hormuz. Despite government assurances of ample supply, rumors of shortages persist. Approximately 40% of the country's gasoline is used in 30 million two- and three-wheeled vehicles. An electric motorcycle retailer stated that recent sales growth has been the steepest ever, with people fearing a future shortage of gasoline. ⑶ Following last week's 18% price increase by the government, a middle-income family now spends 31% of their daily income on one liter of gasoline. Data shows that this year, electric two-wheelers account for more than 10% of monthly two-wheeler sales for the first time, and the cost of using traditional gasoline is up to 10 times that of charging. (4) The government's electric vehicle incentive program, implemented in February, subsidizes one-fifth of the vehicle price and provides interest-free loans for the remainder. It has received approximately 270,000 applications, nearly seven times the initial target. The program aims to subsidize 2 million electric vehicles over five years, saving nearly $500 million annually in fuel import costs. (5) Inexpensive solar power provides a unique advantage for electric vehicle charging in Pakistan. Chinese brands such as Yadea, Jinpeng, and Aima dominate the electric two-wheeler market, while BYD is also deploying charging stations through local partners. However, industry insiders warn that a prolonged war could strain the financial incentive program, and a lack of after-sales service could weaken consumer confidence.

17:26:20

[Philippine Inflation Surges Above Threat, Oil Price Hike Forces Central Bank to Take Precautions] ⑴ The Philippines' annual inflation rate accelerated to 4.1% in March, significantly higher than February's 2.4% and market expectations of 3.7%, exceeding the central bank's target range of 2% to 4% and reaching its highest level since July 2024. ⑵ On a month-on-month basis, the inflation rate reached 1.4% in March, the highest since January 2023, mainly driven by soaring transportation costs stemming from a surge in global energy prices amid tensions in the Middle East. ⑶ Diesel prices surged 59.5% year-on-year, and gasoline prices jumped 27.3%, both the fastest increases since September 2022. In contrast, diesel and gasoline prices fell by 1.3% and 5.7% respectively in February. The transportation price index climbed 9.9% year-on-year, reaching a new high since January 2023. (4) The Philippines is highly dependent on Middle Eastern oil and is extremely vulnerable to supply shocks and price fluctuations during geopolitical conflicts. Core inflation, excluding food and energy, rose from 2.9% in February to 3.2%, indicating the initial signs of a second round of transmission effects. (5) The Philippine central bank stated on Tuesday that it will review data at its April 23 policy meeting to assess the necessity of action. This follows the central bank's unexpected non-cyclical meeting on March 26, where it kept the key interest rate unchanged at 4.25% and stated that policy would focus on the second round of effects of global oil price shocks.

17:25:01

[Japan's Economy Flashes Yellow Lights as War Shocks Reach Small Shops] ⑴ The coincident index, a measure of the health of the Japanese economy, fell 1.6 points month-on-month to 116.3 in February, the first decline in two months, highlighting existing weaknesses in the economy before the impact of the war with Iran. ⑵ The decline was mainly due to reduced shipments of semiconductor chips and manufacturing equipment, as well as a drop in automobile production, casting doubt on the Bank of Japan's view that strong global demand would support exports. ⑶ Japan is almost entirely dependent on imports of oil and naphtha from the Middle East. As hopes for a swift end to the war fade, naphtha shortages will hit factory output, exacerbating the damage to the overall economy starting this quarter. ⑷ Data from the private think tank Tokyo Shoko Research Institute shows that in the fiscal year ending in March, the number of bankruptcies of paint companies rose 22.2%, the highest level in 23 years, mainly because small family-run businesses, already suffering from fierce competition and long-term labor shortages, are now facing soaring fuel costs and supply bottlenecks. (5) Due to the disruption of naphtha supply, major paint manufacturers have raised thinner prices by 70% to 80% since March, which has dealt a heavy blow to small paint operators. The institute said that fierce competition makes it difficult for small businesses to pass on the increased costs, and bankruptcies may increase further in fiscal year 2026.

17:01:48

[As Iran's deadline approaches, bond markets hold their breath, while oil prices remain high] ⑴ Eurozone government bond yields rose on Tuesday, with the benchmark German 10-year bond yield at 3.0131%, up 1.8 basis points, due to continued uncertainty surrounding the Iran war and market concerns fueled by Trump's tariff comments. ⑵ The Iranian president refused to reopen the Strait of Hormuz and accept a ceasefire agreement. Trump set Tuesday evening as the deadline, demanding Iran accept his demands or face "annihilation." Markets are still oscillating between fears of escalating conflict and hopes for a ceasefire. ⑶ Commerzbank interest rate strategists said that although the conflict did not escalate further during the Easter long weekend, the market may have felt some relief, but whether Trump will extend the deadline remains uncertain. Oil prices remain above $110 per barrel, and even minor announcements could cause significant fluctuations in yields and spreads. ⑷ Since the outbreak of war on February 28, soaring energy prices have pushed up inflation expectations, putting pressure on global government bond prices and causing yields to rise sharply. Last week, Eurozone government bond yields recorded their first weekly decline since the outbreak of the conflict. (5) The market currently widely expects the European Central Bank to raise interest rates at least twice before the end of this year, with a high probability of a third rate hike. This is largely in line with expectations before the long weekend. The yield on German two-year government bonds was 2.6546%, up 3.1 basis points, and the yield on Italian 10-year government bonds was 3.8964%, up 2.7 basis points.

16:59:13

Singapore's foreign exchange reserves in March

Previous : 4161 Forecast : -

Published Value 4192

Previous

16:38:27

The change in the UK government's official net reserves in March

Previous : 20.22 Forecast : -

Published Value -78.84

Previous

16:36:19

The total amount of reserve assets in the UK in March

Previous : 2366.66 Forecast : -

Published Value 2302.92

Previous

16:30:04

The final reading of the UK's SPGI Services PMI for March

Previous : 51.20 Forecast : 51.20

Published Value 50.50

Previous

16:30:03

The Sentix Investor confidence Index for the Eurozone in April

Previous : -3.10 Forecast : -9

美元
欧元 金银

Published Value -19.20

Previous

16:30:02

The final reading of the UK's SPGI Composite PMI for March

Previous : 51 Forecast : 51

Published Value 50.30

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