{"id":25999,"date":"2018-04-10T11:33:12","date_gmt":"2018-04-10T06:03:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25999"},"modified":"2018-04-16T12:52:36","modified_gmt":"2018-04-16T07:22:36","slug":"tuesday-10th-april-xis-speech-at-boao-forum-drives-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-10th-april-xis-speech-at-boao-forum-drives-markets\/","title":{"rendered":"Tuesday 10th April:  Xi&#8217;s speech at Boao Forum drives 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 up 0.73%, Shanghai Composite up 0.69%, Hang Seng up 1.50%, ASX up 0.81%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1335.60 (-0.34%), Silver at $16.44 (-0.57%), WTI Oil at $69.06 (+0.60%), Brent Oil at $63.84 (+0.66%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.805, UK 10-year yield at 1.401, Germany 10-year yield at 0.503<\/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) NAB Business Confidence 7 vs 9 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) NZIER Business Confidence -11 vs -12 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Halifax HPI m\/m 1.50% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil markets firm on hopes that U.S. trade spat with China may ease<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">North Korea&rsquo;s Kim Jong Un breaks silence, confirms summit with Trump<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s Xi announces plans to &#39;open&#39; China, including lowering tariffs on imported autos<\/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 equities traded higher Tuesday, driven by the improved risk sentiment &ndash; all courtesy of Chinese president Xi Jingping&rsquo;s speech at the Boao Forum for Asia. US equities also closed higher on Monday, following Friday&rsquo;s sell off across sectors.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei has been trading in the green, supported to an extent by yen&rsquo;s declines. Australia has also made broad based gains. South Korean stocks were boosted by confirmation from the North of a May meeting with President Trump.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Hang Seng outperformed on Xi&rsquo;s speech, but mainland benchmarks are trading mixed, as investor continue to ascertain how the US would react &ndash; and whether Xi&rsquo;s speech would be taken as a sign of weakness, or strength.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Dollar is firmer against the major currencies, with the safe haven yen retreating. Gold was also seen to be giving up earlier gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Treasuries have been mixed with the yield curve flattening, as investors worry about the inversion of the curve. Crude has been rising, as trade war concerns ease.<\/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;\">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<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.73%, Shanghai Composite up 0.69%, Hang Seng up 1.50%, ASX up 0.81% Commodities : Gold at $1335.60 (-0.34%), Silver at $16.44 (-0.57%), WTI Oil at $69.06 (+0.60%), Brent Oil at $63.84 (+0.66%) Rates : US 10-year yield at 2.805, UK 10-year yield at 1.401, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-10th-april-xis-speech-at-boao-forum-drives-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 10th April:  Xi&#8217;s speech at Boao Forum drives markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25999","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\/25999","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=25999"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25999\/revisions"}],"predecessor-version":[{"id":26001,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25999\/revisions\/26001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25986"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}