Federal Reserve Chair Jerome Powell discusses the evaluation of inflation, while Samsung Electronics is expected to report a significant profit increase. Hong Kong's retail sales show a reversal in volume.
Powell said it would take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain. In Asia , investors will assess March service sector activity data from India , as well as retail sales numbers from Hong Kong .that heavyweight Samsung Electronics will post a near nine-fold increase in its first-quarter profit from a year earlier. Samsung shares climbed 1.55% on its open.In terms of volume, retail sales rose 0.
5%, reversing from a 1.2% loss in January. Hong Kong's census and statistics department said it was"more appropriate to analyze the retail sales figures for January and February together" due to greater volatility during the Chinese New Year period. For the first two months of 2024, it was provisionally estimated that total retail sales increased by 1.4%, compared with the same period in 202
Powell Inflation Interest Rate Cuts Asia Service Sector India Retail Sales Samsung Electronics Profit Increase Hong Kong Volume Chinese New Year
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