{"id":25396,"date":"2018-03-06T12:16:48","date_gmt":"2018-03-06T06:46:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25396"},"modified":"2018-04-16T12:48:46","modified_gmt":"2018-04-16T07:18:46","slug":"tuesday-6th-march-markets-rebound-as-trumps-tariff-plans-face-stiff-opposition-in-the-us","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-6th-march-markets-rebound-as-trumps-tariff-plans-face-stiff-opposition-in-the-us\/","title":{"rendered":"Tuesday 6th March: Markets rebound as Trump&#8217;s tariff plans face stiff opposition in the US"},"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 1.70%, Shanghai Composite up 0.74%, Hang Seng up 1.96%, ASX up 1.14%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1323.60 (+0.28%), Silver at $16.465 (+0.32%), WTI Oil at $62.70 (+0.21%), Brent Oil at $65.64 (+0.15%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.886, UK 10-year yield at 1.488, German 10-year yield at 0.642<\/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;\">(AUD) Cash Rate 1.50% vs 1.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.10% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Current Account -14.0B vs -12.3B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI 59.5 vs 58.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Services PMI 54.5 vs 53.3 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BoJ&#39;s Kuroda: Less stimulus unthinkable before reaching CPI target, don&#39;t think BoJ will be unable to buy bonds<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Slow February offers UK retailers little cheer as they count the cost of bad weather<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded higher today, after fears of a trade war eases. President Trump has been facing pressure for all corners on his protectionist rhetoric of the past few days, with a number of his Republican allies pushing back; easing investor worries about trade wars hijacking global economic growth.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Nikkei made sizable gains today after hitting a five-month low yesterday, primarily due to yen weakness, and improved sentiment. Banks have been driving the rebound in China and Hong Kong. On ASX, Steel and Iron ore producers&rsquo; recovery propped up the index. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Korean shares pared all losses it had made after the tariff announcement by President Trump, primarily on reports of improving relations with the North, after Kim Jong-un met with South Korean envoys on Monday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The dollar has been mixed against major currencies. While the easing of protectionist fears helped the dollar gain against the yen, the euro recovered from seven week lows against the dollar hit last week. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">ECB rate decisions will dictate how euro moves in the coming weeks. US bond yields gained yesterday, alongside equities. Crude has been trading flat, however, it support by robust demand forecasts.<\/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;\">12:30 PM GMT &#8211; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:15 PM GMT &#8211; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:35 PM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:30 PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.70%, Shanghai Composite up 0.74%, Hang Seng up 1.96%, ASX up 1.14% Commodities: Gold at $1323.60 (+0.28%), Silver at $16.465 (+0.32%), WTI Oil at $62.70 (+0.21%), Brent Oil at $65.64 (+0.15%) Rates: US 10-year yield at 2.886, UK 10-year yield at 1.488, German 10-year yield at 0.642 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-6th-march-markets-rebound-as-trumps-tariff-plans-face-stiff-opposition-in-the-us\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 6th March: Markets rebound as Trump&#8217;s tariff plans face stiff opposition in the US<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25396","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\/25396","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=25396"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25396\/revisions"}],"predecessor-version":[{"id":25398,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25396\/revisions\/25398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25382"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}