{"id":25515,"date":"2018-03-13T11:14:14","date_gmt":"2018-03-13T05:44:14","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25515"},"modified":"2018-03-14T15:25:01","modified_gmt":"2018-03-14T09:55:01","slug":"all-eyes-on-us-cpi-data","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/all-eyes-on-us-cpi-data\/","title":{"rendered":"Tuesday 13th March: All eyes on US CPI data"},"content":{"rendered":"<h2>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 2.07%, Shanghai Composite down 0.17%, Hang Seng down 0.09%, ASX down 0.36%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1320.50 (-0.02%), Silver at $16.505 (-0.19%), WTI Oil at $61.27 (-0.15%), Brent Oil at $64.89 (-0.12%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.879, UK 10-year yield at 1.499, German 10-year yield at 0.627<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) NAB Business Confidence 9 vs 11 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) PPI y\/y 2.50% vs 2.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) FPI m\/m -0.50% vs 1.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Federal Budget Balance -215.2B vs -222.3B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) 10-y Bond Auction 2.89|2.5 vs 2.81|2.3 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Prelim Machine Tool Orders y\/y 39.50% vs 48.80% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Pressure grows on Abe; opposition boycott Diet debates<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump blocks Broadcom takeover bid for Qualcomm<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets mostly flat today, putting a halt to yesterday&rsquo;s rally. This follows the loss of steam on Wall Street, perhaps in an anticipation of US CPI data later today. It is expected that today&rsquo;s data will reflect a deceleration in inflation February, thereby calming rate hike fears. Most asset classes are trading direction-less today, and no large moves are expected in the session<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Commodity weakness has caused miners to loss, thereby pulling the ASX down, as investors digested weaker than expected local economic data. In China, the sell-off of metal producers have slowed down, after steel demand concerns have eased &ndash; however, investors are still cautious. Nikkei has been the saving grace, however with Abe getting heat over the scandal involving the finance ministry and sale of state-owned land, it needs to be seen if it can keep up the gains.<a name=\"_GoBack\"><\/a><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While the dollar was seen to sag last night on the back of declining US bond yields, the dollar index was mostly flat today. The euro traded slightly higher, adding to overnight gains of 0.25%. JPY saw no support from the scandal in Japan, and the risk averseness prevailing has failed to pull up the currency much. In commodities, crude oil prices extended losses after sliding the previous day amid ongoing concerns over rising U.S. output. Also, OPEC members are said to be divided on what an appropriate oil price should be &nbsp;<\/span>\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">11:30 AM GMT &#8211; (GBP) Annual Budget Release<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:45 PM GMT &#8211; (NZD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:10 PM GMT &#8211; (AUD) RBA Assist Gov Kent Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36.0pt;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.07%, Shanghai Composite down 0.17%, Hang Seng down 0.09%, ASX down 0.36% Commodities: Gold at $1320.50 (-0.02%), Silver at $16.505 (-0.19%), WTI Oil at $61.27 (-0.15%), Brent Oil at $64.89 (-0.12%) Rates: US 10-year yield at 2.879, UK 10-year yield at 1.499, German 10-year yield at 0.627 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/all-eyes-on-us-cpi-data\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 13th March: All eyes on US CPI data<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25515","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\/25515","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=25515"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25515\/revisions"}],"predecessor-version":[{"id":25538,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25515\/revisions\/25538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25513"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}