{"id":25254,"date":"2018-02-23T12:37:51","date_gmt":"2018-02-23T07:07:51","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25254"},"modified":"2018-02-23T12:40:10","modified_gmt":"2018-02-23T07:10:10","slug":"friday-23rd-february-rate-hike-concerns-ease-markets-recover-slightly","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-23rd-february-rate-hike-concerns-ease-markets-recover-slightly\/","title":{"rendered":"Friday 23rd February: Rate hike concerns ease, markets recover slightly"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.62%, Shanghai Composite up 0.63%, Hang Seng up 1.11%, ASX up 0.82%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1328.7 (-.30%), Silver at $16.540 (-0.28%), WTI Oil at $62.78 (+0.02%), Brent Oil at $66.35 (-0.06%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.928, UK 10-year yield at 1.543, German 10-year yield at 0.707<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><span style=\"font-size:14px;\"><strong>&nbsp;&nbsp;<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -1.6M vs 2.2M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 222K vs 230K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m -0.80% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Core Retail Sales m\/m -1.80% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Prelim Business Investment q\/q 0.00% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Second Estimate GDP q\/q 0.40% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Ifo Business Climate 115.4 vs 117.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan blocking access to auto market with nontariff trade barriers, Trump says in report<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded higher today in a relatively quiet sessions, to end the week on a positive, after the mid-week pullback. The Dow and S&amp;P also reversed some of its losses yesterday, as comments from a Fed official eased concerns of sped up rate hikes, and consequently of a fourth rate hike this year.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Chinese markets continued to gain from yesterday. Banks and Property Developers continue to drive up the Hang Seng. Nikkei off lows &#8211; Japan&rsquo;s CPI was in focus as the data showed inflation rose 0.9% in January from a year earlier, compared with a median market forecast of 0.8%. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">ASX was slightly in the green, supported by the materials sector. Bigger-than-expected rise in New Zealand retail sales failed to provide any support for the kiwi.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Bond yields mixed after this week&rsquo;s backup. 10Y Treasury yield holding around 2.92%. In China, money market rates fell after PBoC followed up with another large- net cash injection via OMOs. JGBs are marginally stronger with front-end rates falling after BoJ focused bond buying operations on shorter-term securities.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Commodities mixed, with metals off overnight highs amid a bounce in the dollar.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Final CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) MPC Member Ramsden Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:15 PM GMT &#8211; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 PM GMT &#8211; (USD) FOMC Member Mester Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:40 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.62%, Shanghai Composite up 0.63%, Hang Seng up 1.11%, ASX up 0.82% Commodities: Gold at $1328.7 (-.30%), Silver at $16.540 (-0.28%), WTI Oil at $62.78 (+0.02%), Brent Oil at $66.35 (-0.06%) Rates: US 10-year yield at 2.928, UK 10-year yield at 1.543, German 10-year yield at 0.707 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-23rd-february-rate-hike-concerns-ease-markets-recover-slightly\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 23rd February: Rate hike concerns ease, markets recover slightly<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25254"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25254\/revisions"}],"predecessor-version":[{"id":25260,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25254\/revisions\/25260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25255"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}