Here’s a summary of the key details from the provided text:
China Economic Stimulus: Citi expects China to lower the reserve requirement ratio for banks (influencing how much cash banks must hold) and boost fiscal stimulus by an additional 500 billion yuan ($69.8 billion).
Japan Rice Prices: Rice prices in Japan are cooling, falling below 4,000 yen ($27.03) for a 5kg bag – the frist time since March 2nd. This is a response to concerns about surging prices and shortages, with the Prime Minister aiming for prices in the 3,000-yen range.
Gold Price Prediction: Citi predicts gold prices will fall over 20% in late 2025 and 2026, citing higher U.S. growth prospects and potential Federal Reserve interest rate cuts. Current spot gold price is $3,340.29 per ounce.
South Korean Defense Stocks: South korean defense stocks saw a brief climb after news of enhanced cooperation with NATO, but trading was volatile.
