Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
German factory orders in May failed to strike a ray of hope as rising global uncertainty deterred demand for goods.
Orders, adjusted for seasonal swings and inflation, were unchanged from April, when they fell a revised 1.9 percent, data from the Economy Ministry in Berlin showed on Wednesday. Economists surveyed by Bloomberg had predicted 1 percent rise in the data, which is typically volatile. Orders dropped 0.2 percent from a year earlier.
Domestic demand dropped 1.9 percent and orders from outside the euro area slid 0.3 percent, the data showed. Consumer-goods orders weakened 0.4 percent. Orders from the currency bloc jumped 4 percent, and investment goods climbed 1.9 percent.
Growth in global demand has declined amid an environment of slow corporate earnings and the fragile United Kingdom referendum surrounding its membership in the European Union, which have all worked together to weigh on consumer and industry confidence this year.
Moreover, the British vote in June, in which the nation opted to quit the EU, is expected to further weaken the German economy, Bundesbank President Jens Weidmann said last week in a speech at Munich.
