{"id":25924,"date":"2018-04-05T11:32:43","date_gmt":"2018-04-05T06:02:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25924"},"modified":"2018-04-16T12:36:36","modified_gmt":"2018-04-16T07:06:36","slug":"thursday-5th-april-asian-stocks-rebound-as-fears-ease-china-closed","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-april-asian-stocks-rebound-as-fears-ease-china-closed\/","title":{"rendered":"Thursday 5th April:  Asian stocks rebound as fears ease; China closed"},"content":{"rendered":"<p>\n\t<strong style=\"font-size: 14px;\">Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 1.64%, ASX up 0.53%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1332.20 (-0.60%), Silver at $16.26 (+0.01%), WTI Oil at $68.35 (+0.49%), Brent Oil at $63.64 (+0.43%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.812, UK 10-year yield at 1.364, Germany 10-year yield at 0.502<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance 0.83B vs 0.68B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -4.6M vs 1.4M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI 58.8 vs 59 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ADP Non-Farm Employment Change 241K vs 208K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Core CPI Flash Estimate y\/y 1.00% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) CPI Flash Estimate y\/y 1.40% vs 1.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction PMI 47 vs 50.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BoJ releases Quarterly public opinion of Household Sentiment: Inflation expectations in Japan have remained unchanged from last forecast 3mths ago<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump is said to soften key NAFTA demand on automotive content<\/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 recovered from two-month lows, as fears of a full-blown trade war between China and the US eased. Risk sentiment was lifted as the United States expressed willingness to negotiate a resolution to the trade fight after the proposed U.S. tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Many investors viewed U.S. President Donald Trump&rsquo;s latest tariffs plan as part of his negotiation strategy, rather than his final policy. Trading activity relatively light as Greater China bourses are closed for the Ching Ming Festival. Mainland markets will remain closed tomorrow.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei outperforming, with Topix sectors led by pharmaceuticals and precision instruments, though there are no major domestic themes. Australia strength led by the big banks, consumer staples and IT with materials little changed. KOSPI also up sharply, underpinned by major tech names.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">As a result of the improved risk sentiment, the yen fell against the dollar, hitting weekly lows. At the same time, gold also retraced gains made earlier this week. Crude rebounded after US Crude Oil inventories surprised. The Canadian dollar and Mexican peso are trading higher, on expectations of a NAFTA trade deal.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (CHF) Gov Board Member Maechler Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:00 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.64%, ASX up 0.53% Commodities : Gold at $1332.20 (-0.60%), Silver at $16.26 (+0.01%), WTI Oil at $68.35 (+0.49%), Brent Oil at $63.64 (+0.43%) Rates : US 10-year yield at 2.812, UK 10-year yield at 1.364, Germany 10-year yield at 0.502 News &amp; Data: (AUD) Trade Balance &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-april-asian-stocks-rebound-as-fears-ease-china-closed\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th April:  Asian stocks rebound as fears ease; China closed<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25924","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\/25924","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=25924"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25924\/revisions"}],"predecessor-version":[{"id":25926,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25924\/revisions\/25926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25914"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}