{"id":25722,"date":"2018-03-27T11:31:31","date_gmt":"2018-03-27T06:01:31","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25722"},"modified":"2018-03-27T11:40:36","modified_gmt":"2018-03-27T06:10:36","slug":"tuesday-27th-march-markets-gain-as-trade-concerns-ease","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-27th-march-markets-gain-as-trade-concerns-ease\/","title":{"rendered":"Tuesday 27th March: Markets gain as trade concerns ease"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 2.40%, Shanghai Composite up 0.73%, Hang Seng up 0.89%, ASX up 0.00%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1352.80 (-0.16%), Silver at $16.73 (+0.25%), WTI Oil at $69.64 (+0.17%), Brent Oil at $65.75 (+0.31%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.852, UK 10-year yield at 1.444, Germany 10-year yield at 0.526<\/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;\">(GBP) High Street Lending 38.1K vs 39.2K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) SPPI y\/y 0.60% vs 0.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan approves bills to ratify successor to TPP free trade pact<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s January-February industrial profit growth strong, but pace slows from 2017<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">PBOC set the Yuan reference rate at 6.2816 &#8211; strongest since Aug. 11, 2015<\/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 equities traded higher today, as reports emerge of negotiations to avoid escalations over trade tariffs. Persons familiar with the situation said that White House officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Markets have taken this as a signal that the tariffs are posturing by the US government, an inference that is validated by the events around the steel tariffs, and NAFTA negotiations.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The news did not sit well with Korean companies &ndash; although the index was in the green, reports of China buying more US semiconductors affected Samsung and Hynix. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The positive news pulled down safe yen, and Nikkei&rsquo;s gains due to the improved sentiment were amplified by the yen weakness, making it one of the highest daily gains in the last 3 months.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">As expected, the surge in stocks drove down bond prices, with the yield on 10 year US treasury inching up to 2.856. Dollar was lower against a basket of major currencies, although it made gains against the yen. Commodities have also recovered, after volatile trading sessions in the past few days.<\/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;\">12:45 AM GMT &#8211; (AUD) RBA Assist Gov Kent Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 2.40%, Shanghai Composite up 0.73%, Hang Seng up 0.89%, ASX up 0.00% Commodities : Gold at $1352.80 (-0.16%), Silver at $16.73 (+0.25%), WTI Oil at $69.64 (+0.17%), Brent Oil at $65.75 (+0.31%) Rates : US 10-year yield at 2.852, UK 10-year yield at 1.444, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-27th-march-markets-gain-as-trade-concerns-ease\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 27th March: Markets gain as trade concerns ease<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25722","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\/25722","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=25722"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25722\/revisions"}],"predecessor-version":[{"id":25725,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25722\/revisions\/25725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25723"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}