{"id":26039,"date":"2018-04-12T11:24:11","date_gmt":"2018-04-12T05:54:11","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26039"},"modified":"2018-04-16T12:52:36","modified_gmt":"2018-04-16T07:22:36","slug":"thursday-12th-april-geo-political-tensions-continue-to-drive-down-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-12th-april-geo-political-tensions-continue-to-drive-down-markets\/","title":{"rendered":"Thursday 12th April: Geo-political tensions continue to drive down markets"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.07%, Shanghai Composite down 0.38%, Hang Seng down 0.27%, ASX down 0.23%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1353.70 (-0.46%), Silver at $16.63 (-0.82%), WTI Oil at $72.17 (+0.15%), Brent Oil at $67.06 (+0.36%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.779, UK 10-year yield at 1.392, Germany 10-year yield at 0.499<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 3.3M vs -0.6M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m -0.10% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance -10.2B vs -12.0B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m -0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BOJ Kuroda Keeps Econ, Inflation View Optimistic<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump economic advisor Larry Kudlow: Tariffs might come before negotiations with China<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China to retaliate without doubt if US escalates disputes: Gao<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. Hawkish takeaways from the FOMC minutes also added to the woes.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese equites traded lower today. While Hang Seng opened in the green reacting to reports of Chinese economic reforms, it later crossed over to the red territory. Meanwhile, HKD touched the lower bound of the USD peg. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Shanghai Composite continues to slide. ASX is in the red, pulled down majorly by banking and industrials. Japanese indices are slightly lower today, with mining being the saving grace &ndash; continuing to rise on reports of a rare earths discovery.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While the yen was helped by the soured risk sentiment, it has given back some of its earlier gains, with the dollar index largely flat. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Russian Rouble is in focus, after it stabilized post two days of selling. Crude continues to gain; however, Gold has corrected since an overnight rally.<\/span>\n<\/p>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\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&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.07%, Shanghai Composite down 0.38%, Hang Seng down 0.27%, ASX down 0.23% Commodities : Gold at $1353.70 (-0.46%), Silver at $16.63 (-0.82%), WTI Oil at $72.17 (+0.15%), Brent Oil at $67.06 (+0.36%) Rates : US 10-year yield at 2.779, UK 10-year yield at 1.392, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-12th-april-geo-political-tensions-continue-to-drive-down-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 12th April: Geo-political tensions continue to drive down markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26039","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\/26039","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=26039"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26039\/revisions"}],"predecessor-version":[{"id":26042,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26039\/revisions\/26042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26037"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}