{"id":25979,"date":"2018-04-09T11:24:47","date_gmt":"2018-04-09T05:54:47","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25979"},"modified":"2018-04-16T12:52:36","modified_gmt":"2018-04-16T07:22:36","slug":"monday-9th-april-asian-markets-firmer-after-rebound-in-us-equity-futures","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-9th-april-asian-markets-firmer-after-rebound-in-us-equity-futures\/","title":{"rendered":"Monday 9th April: Asian markets firmer, after rebound in US equity futures"},"content":{"rendered":"<p>\n\t&nbsp;\n<\/p>\n<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 0.67%, Shanghai Composite up 0.16%, Hang Seng up 1.33%, ASX up 0.35%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1336.30 (+0.01%), Silver at $16.41 (+0.29%), WTI Oil at $67.39 (+0.42%), Brent Oil at $62.30 (+0.39%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.794, UK 10-year yield at 1.398, Germany 10-year yield at 0.493<\/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;\">(CAD) Ivey PMI 59.8 vs 60.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Rate 4.10% vs 4.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Non-Farm Employment Change 103K vs 188K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Average Hourly Earnings m\/m 0.30% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Unemployment Rate 5.80% vs 5.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Employment Change 32.3K vs 20.1K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Financial bureau head admits official asked Moritomo to lie about reason for land discount<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bad Omen for Markets from First Signs of Yield Curve Inversion<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japanese Yen Shrugs at BoP Misses, Focus Squarely On Trade Spat<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\">CFTC Positioning Data (Week Ending April 3rd, 2018)<\/strong><br \/>\n<\/h4>\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tEUR long 134K vs 141K long last week. Longs trimmed 7K\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tGBP long 40K vs 34K long last week. Longs increased by 6K.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tJPY long 4K vs 4K short last week. Longs increased by 8K.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tCHF short 10K vs 9K short last week. Shorts increased by 1K\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tCAD short 32K vs 27K short last week. Shorts increased by 5K.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tAUD square vs 8k long last week. Longs trimmed 8K.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\tNZD long 18K vs 18K long. No change.\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 equities traded in the green today, after a bounce in US stock futures helped shore up sentiment, and overcome headwinds from Friday&rsquo;s sell-off, triggered by President Trump&rsquo;s plan to impose USD 100B in additional tariffs on China.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Reports of a US attack in Syria, which were quickly denied by the Pentagon, did not evoke a reaction from the markets. Volumes are back to normal, as China reopens from the extended Ching Ming holidays.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Japanese markets are clearly positive, although it had a muted opening. Australian banks were the only sector on the ASX that traded in the red, after cameoing in the green. China did not seem to show any major directional cues &ndash; the Chinese markets have been dogged by the threat of trade war, especially US tariffs. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">President Trump tweeted that he expected China to take down trade barriers, because it was the &lsquo;right thing&rsquo; to do.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The latest souring of risk sentiment and a soft report on U.S. payrolls helped sovereign debt end last week on a firm note. Yields on U.S. 10-year Treasury debt nudged up to 2.797 percent on Monday, though that compared to a top of 2.8380 last week. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Yen edged lower against the majors, while the euro bounced from the trough of 1.2212 against the dollar. Gold eased slightly, whereas crude edged up.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, April 9th 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 AM GMT &#8211; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) BOC Business Outlook Survey<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 PM GMT &#8211; (NZD) NZIER Business Confidence<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, April 10<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) NAB Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Core PPI m\/m<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday April 11<sup>th<\/sup>, 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (CNY) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (CNY) PPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:05 AM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (EUR) ECB President Draghi Speaks<\/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;\">02:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) FOMC Meeting Minutes<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, April 12<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 AM GMT &#8211; (GBP) MPC Member Broadbent Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) BOE Credit Conditions Survey<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:30 AM GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) NHPI m\/m<\/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; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday April 13<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) RBA Financial Stability Review<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (CNY) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Global Markets: Asian Stock Markets : Nikkei up 0.67%, Shanghai Composite up 0.16%, Hang Seng up 1.33%, ASX up 0.35% Commodities : Gold at $1336.30 (+0.01%), Silver at $16.41 (+0.29%), WTI Oil at $67.39 (+0.42%), Brent Oil at $62.30 (+0.39%) Rates : US 10-year yield at 2.794, UK 10-year yield at 1.398, Germany 10-year &hellip; 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