{"id":25956,"date":"2018-04-06T11:32:10","date_gmt":"2018-04-06T06:02:10","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25956"},"modified":"2018-04-16T12:36:24","modified_gmt":"2018-04-16T07:06:24","slug":"friday-6th-april-talks-of-additional-tariffs-infuse-fresh-fear-into-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-6th-april-talks-of-additional-tariffs-infuse-fresh-fear-into-markets\/","title":{"rendered":"Friday 6th April: Talks of additional tariffs infuse fresh fear into markets"},"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 down 0.15%, Hang Seng up 0.56%, ASX down 0.01%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1331.20 (+0.20%), Silver at $16.32 (-0.21%), WTI Oil at $67.80 (-0.78%), Brent Oil at $63.02 (-0.82%)<\/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 1.417, Germany 10-year yield at 0.523<\/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;\">(USD) Unemployment Claims 242K vs 225K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance -2.7B vs -2.1B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Services PMI 51.7 vs 53.9 expected<\/span>\n\t<\/li>\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;\">Japan faces losses on grain, production fronts if U.S.-China trade war erupts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s commerce ministry says Beijing will fight U.S. &#39;at any cost&#39; after Trump proposes $100 billion in new tariffs<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">German business leader urges talks, not tariffs, between U.S., China<\/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 reacted mixed to the increased volatility, after President Trump indicated escalations over retaliatory Chinese tariffs. While it was expected to an extent that the Chinese response would fuel a trade war; it turned out to be much more measured than expected, and the US is now seen escalating tensions.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese markets are closed today for the Ching Ming festival, however, Hang Seng is open. Hang Seng has seen strong outperformance, given that it missed the rebound from tech and financial strength yesterday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei has been trading firmer today, led by resources. The strengthened yen did not have a major effect on the Nikkei. ASX was mixed, with materials propping up the index, but banks pulling it down.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar was mixed against major crosses. Against the yen, it retreated from the one-month high, as investors bought the yen, after Trump raised the ante on trade. Gold was also seen to be making gains today.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Treasury Yields fell, US 10 year down by 2bps, as investors moved to a risk-off mode. Crude was also on the decline, after making gains on Thursday.<\/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;\">12:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:15 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.15%, Hang Seng up 0.56%, ASX down 0.01% Commodities : Gold at $1331.20 (+0.20%), Silver at $16.32 (-0.21%), WTI Oil at $67.80 (-0.78%), Brent Oil at $63.02 (-0.82%) Rates : US 10-year yield at 2.812, UK 10-year yield at 1.417, Germany 10-year yield at 0.523 News &amp; &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-6th-april-talks-of-additional-tariffs-infuse-fresh-fear-into-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 6th April: Talks of additional tariffs infuse fresh fear into markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25956","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\/25956","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=25956"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25956\/revisions"}],"predecessor-version":[{"id":25957,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25956\/revisions\/25957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25949"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}