Bank of Japan Gov. Kazuo Ueda said he told the Group of 20 forum that the bank needs to maintain its monetary policy easing stance, with inflation expected to slow soon.
Japan's consumer inflation, which was at around 3% in February, is expected to fall below the bank's 2% target toward the latter half of this fiscal year, which started in April, Mr. Ueda said at a news conference in Washington, D.C.
Singapore's Central Bank Unexpectedly Keeps Monetary Policy Unchanged
SINGAPORE-Singapore's central bank unexpectedly kept its monetary policy stance unchanged, citing cooling core inflation and the dimming economic growth prospects of the export-dependent nation.
The Monetary Authority of Singapore will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, as the current path of appreciation is sufficiently tight and appropriate for achieving medium-term price stability, it said in a statement Friday.
Despite Leak, U.S. and Allies Will Keep Sharing Intelligence
Deepening intelligence ties between the U.S. and its allies in an increasingly adversarial world mean that Washington's foreign partners see little choice but to shake off the apparent leak of classified documents and won't curtail cooperation.
Among the dozens of purportedly secret documents posted online are details of U.S. and allied militaries, politics and strategic weak points. They include information and analysis concerning Ukraine's armed forces as they prepare for an offensive against Russian forces occupying large parts of the country. The photographed pages also include what is presented as confidential information about Israel, South Korea, Egypt and other countries. Much of the information, the papers say, was obtained by U.S. intelligence agencies through intercepts of foreign communications.
Air Guardsman Arrested in Connection With Leaked Documents
The FBI arrested a 21-year-old Massachusetts Air National Guardsman in connection with a leak of what appear to be highly classified intelligence documents, a security breach that posed a threat to U.S. ties to some allies and efforts to support Ukraine in its fight against Russia.
Federal agents took Jack Douglas Teixeira into custody in Dighton, Mass., on Thursday afternoon. Television footage showed armed agents leading a male wearing red shorts and an olive green T-shirt with his hands cuffed behind his back.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
None scheduled
Economic Calendar (ET):
0830 Feb Monthly Survey of Manufacturing
Market Talk:
Barrick Gold could consider opportunities to increase its exposure to copper via M&A, following efforts by other large miners to seek copper-rich deals, Jefferies said.
"We are already seeing sizable transactions in the mining sector, and we expect to see more large-scale mining M&A in the near future."
Barrick had previously signaled it wasn't interested in competing for Newcrest, an Australian miner with large copper resources that Newmont is seeking to buy.
Jefferies noted that Barrick had a challenging 1Q, as anticipated. "Despite the challenging quarter, Barrick reports that it is on course to meet its full year 2023 operational targets."
Expected Major Events for Friday
06:00/GER: Mar WPI
06:45/FRA: Mar CPI
08:00/FRA: Apr IEA Oil Market Report
12:30/US: Mar Import & Export Price Indexes
12:30/US: Mar Advance Monthly Sales for Retail & Food Services
12:30/CAN: Feb Monthly Survey of Manufacturing
13:15/US: Mar Industrial Production & Capacity Utilization
14:00/US: Feb Manufacturing & Trade: Inventories & Sales
14:00/US: Apr University of Michigan Survey of Consumers - preliminary
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Friday
AMCON Distributing Co (DIT) is expected to report for 2Q.
Art's Way Manufacturing (ARTW) is expected to report for 1Q.
BlackRock Inc (BLK) is expected to report $7.48 for 1Q.
Byrna Technologies Inc (BYRN,BYRN-L) is expected to report for 1Q.
CNB Financial Corp (Pennsylvania) (CCNE) is expected to report $0.75 for 1Q.
Cathedral Energy Services (CET.T) is expected to report for 4Q.
Charah Solutions Inc (CHRA) is expected to report for 4Q.
Citigroup Inc (C) is expected to report $1.65 for 1Q.
Coffee Holding Co Inc (JVA) is expected to report $0.06 for 1Q.
Consumer Portfolio Services Inc (CPSS) is expected to report $0.15 for 1Q.
Environmental Tectonics Corp (ETCC) is expected to report for 4Q.
JPMorgan Chase & Co (JPM) is expected to report $3.41 for 1Q.
JanOne Inc (JAN) is expected to report for 4Q.
National American University Holding Inc (NAUH) is expected to report for 3Q.
Odonate Inc (ODTC) is expected to report $-1.17 for 1Q.
PNC Financial Services Group (PNC) is expected to report $3.66 for 1Q.
Smart Share Global Ltd - ADR (EM) is expected to report for 4Q.
UnitedHealth Group Inc (UNH) is expected to report $5.80 for 1Q.
Wells Fargo (WFC) is expected to report $1.13 for 1Q.
Zovio Inc (ZVOI) is expected to report for 4Q.
Powered by Onclusive and Dow Jones.
ANALYST RATINGS ACTIONS
Blackstone Raised to Outperform From Perform by Oppenheimer
Chevron Raised to Sector Outperform From Sector Perform by Scotiabank
ContraFect Raised to Buy From Hold by Maxim Group
CubeSmart Cut to Peer Perform From Outperform by Wolfe Research
DraftKings Raised to Neutral From Underperform by Exane BNP Paribas
EOG Resources Raised to Sector Outperform From Sector Perform by Scotiabank
Exxon Mobil Cut to Sector Perform From Sector Outperform by Scotiabank
First Solar Cut to Hold From Buy by Deutsche Bank
Ingredion Raised to Buy From Neutral by UBS
Life Storage Cut to Peer Perform From Outperform by Wolfe Research
LSB Industries Cut to Hold From Buy by Jefferies
Merck Raised to Buy From Neutral by Citigroup
Montauk Renewables Raised to Neutral From Sell by UBS
National Instruments Cut to Equal-Weight by Morgan Stanley
National Instruments Cut to Neutral From Positive by Susquehanna
Natl Storage Affiliates Cut to Underperform From Peer Perform by Wolfe Research
Sportsman's Warehouse Cut to Hold From Buy by Craig-Hallum
Steven Madden Raised to Buy From Neutral by Citigroup
SunPower Raised to Neutral From Underperform by B of A Securities
Tessco Cut to Market Perform From Outperform by William Blair
VF Corp Raised to Buy From Hold by Edward Jones
World Wrestling Raised to Overweight From Equal-Weight by Morgan Stanley
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
04-14-23 0614ET
