9 a. m. in Shanghai.Shenhua, too. Here in Hong Kong, you're watching the China show. I'm Yvonne Man with David English.We're counting down to the open of markets in Greater China this Monday. Let's get to your top stories today. Stocks across the Asia Pacific are edging up.A lot of that is to do with the rally in Korea. Oil trimming its gains here, the dollar falling as markets try to stabilize after the US strikes on a key Iranian export hub. President Trump demanding help from other countries, including C ...

March 13, 2026 12:33 PM GMT Federal Reserve Monitor | North America M Idea March FOMC Preview: Oil Shocks: The Fed's Playbook Is Hold or Cut, Not Hike We expect the Fed to remain on hold and retain its easing bias, with the median member still projecting one cut this year and one cut next. The oil price shock should mean higher headline inflation forecasts, but models and past Fedspeak suggest the Fed will look through energy price pressures. Key expectations Michael T Gapen Chief US Economist Michael.Gapen ...

March 11, 2026 08:00 AM GMT US Economics and US Rates Strategy | North America Risks from oil price shocks on monetary policy: Cut later and cut more? The distribution of monetary policy outcomes is asymmetric. The Fed is more likely to cut later, or to cut later and by more, rather than abandon its easing altogether. For rates, as market pricing aligns with our economists' view, investors should stay neutral on UST duration and curve shape. Key Takeaways | M March 11, 2026 08:00 AM GMT US Economics and US ...

India's external balance and government finances could be hit if oil prices stay high foran extended period, economists have said, as the Iran war pushesup oil import ​costs and the subsidies needed to keep keycommodities affordable.India is considered to be among the most ‌vulnerable to aglobal oil shock as it imports nearly 90% of its ​cruderequirements and about 50% of its gas requirements. Over half ofits crude ⁠is from the Middle East, where export flows have beendisrupted by the U.S.-Israeli war on Ir ...

Core Viewpoint - India's external balance and government finances are at risk due to high oil prices driven by the ongoing conflict in Iran, which could lead to increased oil import costs and necessary subsidies for key commodities [1][3]. Current Account Deficit - India is highly vulnerable to global oil shocks, importing nearly 90% of its crude and about 50% of its gas, with current oil stocks sufficient for only 20 to 25 days [2]. - An average oil price of $100 per barrel could widen India's current account deficit to 1.9%-2.2% of GDP for the 2026/27 financial year, up from a projected 0.7%-0.8% [4]. Fiscal Deficit - The federal government's annual expenditure may increase by 3.6 trillion rupees ($39 billion) if oil prices average $100 per barrel, with total estimated expenditure for the next financial year at 53.5 trillion rupees [5]. - Fertilizer subsidies could rise by 200 billion rupees, and the government may need to compensate oil marketing companies to keep retail fuel prices low [6]. Growth and Inflation Impact - India's economy is projected to grow over 7% in the next financial year, but if oil prices remain around $100 per barrel, GDP growth could decline to 6.6% and inflation could rise to 4.1% [8]. - If oil prices average $130 per barrel, GDP growth could drop further to 6% [8].

All right, now for a closer look at this morning's CPI number and implications for the Fed. We want to bring in former Cleveland Fed President Loretta Mester. She's a senior scholar at Princeton's Griswald Center, adjunct professor of finance at UPens's Wharton School, and the CNBC contributor.And Loretta, did the number today change anything about how you see the economy. It was pretty much in line in many ways. >> Yeah, I mean, it didn't really change anything for me.It came in along expectations which wa ...