{"id":26019,"date":"2018-04-11T11:26:13","date_gmt":"2018-04-11T05:56:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26019"},"modified":"2018-04-16T12:52:36","modified_gmt":"2018-04-16T07:22:36","slug":"wednesday-11th-april-asian-markets-mixed-as-trade-concerns-continue","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-11th-april-asian-markets-mixed-as-trade-concerns-continue\/","title":{"rendered":"Wednesday 11th April: Asian markets mixed as trade concerns continue"},"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 0.24%, Shanghai Composite up 0.75%, Hang Seng up 0.73%, ASX down 0.45%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1345.20 (-0.05%), Silver at $16.57 (-0.19%), WTI Oil at $70.77 (-0.38%), Brent Oil at $65.36 (-0.23%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.795, UK 10-year yield at 1.406, Germany 10-year yield at 0.518<\/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;\">(CNY) PPI y\/y 3.10% vs 3.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CPI y\/y 2.10% vs 2.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PPI m\/m 0.30% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m 0.30% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Building Permits m\/m -2.60% vs -1.50% expected<\/span>\n\t<\/li>\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;\">White House Homeland Security Adviser Bossert Becomes Latest to Step Down<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">PBOC&#39;s Yi Pledges More Steps to Further Open China&#39;s Economy<\/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 mixed today, after making gains yesterday. Trade war concerns continue to dictate the markets, and the lack of new developments led to no follow-through momentum. All eyes are on how the US chooses to respond to China&rsquo;s opening of its economy,<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japanese markets were weaker &ndash; partially due to a firmer yen. Australian markets also underperformed, with most sectors except materials and energy trading lower. Machinery orders were unexpectedly higher, and the reports of rare earth minerals discovery drove up some stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese markets were trading higher today, boosted especially by an announcement that the HK Stock Connect program for mainland stocks would quadruple its limits to 52 billion yuan soon. Chinese inflation data was softer than expected.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index was little changed in today&rsquo;s trade, but the yen firmed against the greenback, as investors seesawed back to a lesser risk appetite mood.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices remain elevated as the commodities markets eyed tensions in Syria. It is also reported that Saudi Arabia would want to maintain oil at 80 USD a barrel.<\/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) 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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.24%, Shanghai Composite up 0.75%, Hang Seng up 0.73%, ASX down 0.45% Commodities : Gold at $1345.20 (-0.05%), Silver at $16.57 (-0.19%), WTI Oil at $70.77 (-0.38%), Brent Oil at $65.36 (-0.23%) Rates : US 10-year yield at 2.795, UK 10-year yield at 1.406, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-11th-april-asian-markets-mixed-as-trade-concerns-continue\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 11th April: Asian markets mixed as trade concerns continue<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26019","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\/26019","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=26019"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26019\/revisions"}],"predecessor-version":[{"id":26020,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26019\/revisions\/26020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26017"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}