Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Asian stocks sink as crude oil jumped while CSE preparing for more pain

Stock MarketMar 8, 2022
Asian stocks sink as crude oil jumped while CSE preparing for more pain

Stocks are tumbling on Monday as oil prices soared above USD120. European markets also plunged in early trade. Germany's DAX 30 and France's CAC 40 fell by as much as 3%, London's FTSE 100 down by 2%. The sell-off followed big losses in Asia especially net oil imports. ASPI now has lost over LKR 1Bn from the peak seen at mid-Jan. The index fell by 11% in Feb, 5.2% so far in March.

Interestingly, net foreign outflow observed for the last few years has turned to a net inflow. First two months of last year there was LKR 13.5Bn net foreign outflow but this year it is just LKR 2.8Bn YTD.

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