{"id":26108,"date":"2018-04-17T11:32:29","date_gmt":"2018-04-17T06:02:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26108"},"modified":"2018-04-17T11:43:38","modified_gmt":"2018-04-17T06:13:38","slug":"tuesday-17th-april-asian-markets-upbeat-on-china-gdp","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-17th-april-asian-markets-upbeat-on-china-gdp\/","title":{"rendered":"Tuesday 17th April: Asian markets upbeat on China GDP"},"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 0.09%, Shanghai Composite down 0.81%, Hang Seng down 0.32%, ASX up 0.07%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1348.90 (-0.13%), Silver at $16.69 (+0.08%), WTI Oil at $71.67 (+0.35%), Brent Oil at $66.53 (+0.47%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.834, UK 10-year yield at 1.459, Germany 10-year yield at 0.522<\/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) Industrial Production y\/y 6.00% vs 6.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Fixed Asset Investment ytd\/y 7.50% vs 7.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) GDP q\/y 6.80% vs 6.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Empire State Manufacturing Index 15.8 vs 19.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m 0.60% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m 0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) PPI m\/m -0.20% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US-based cryptocurrency exchange Kraken quits Japan<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China Commerce Ministry says will closely monitor situation on ZTE, be prepared to take action to protect Chinese firms&#39; interests<\/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 remain optimistic today, as data coming out showed that the Chinese economy grew faster than expected in the first quarter of 2018. Meanwhile, risk sentiment continues to shore up, as more and more investors are convinced that the US airstrikes in Syria were more of a one-off intervention.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Fairly broad-based gains on ASX with miners higher despite latest iron ore weakness. Banks capping gains on Nikkei while yen is little changed following recent strength vs dollar. Muted AUD reaction to RBA minutes, which appeared to downplay impact on bank funding costs from higher short-term rates. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Banks and property developers extending declines in Hong Kong, with liquidity concerns a focus after HKMA intervened again on Monday to support HKD. Limited downside pressure from latest trade developments (US reportedly looking to retaliate against Chinese tech firms while Commerce has banned US firms from supplying Chinese phone maker ZTE).<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar was barely changed, with demand for safe-haven U.S. Treasuries ebbing. The dollar index against a basket of six major currencies was little changed at 89.441 after losing 0.4 percent overnight. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">U.S. crude oil futures rose 0.4 percent to $66.49 a barrel after tumbling nearly 1.8 percent overnight as concerns over tensions in the Middle East waned.<\/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;\">01:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) GDP q\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) Fixed Asset Investment ytd\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) Industrial Production y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) NBS Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Claimant Count Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Foreign Securities Purchases<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) Capacity Utilization Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:40 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.09%, Shanghai Composite down 0.81%, Hang Seng down 0.32%, ASX up 0.07% Commodities : Gold at $1348.90 (-0.13%), Silver at $16.69 (+0.08%), WTI Oil at $71.67 (+0.35%), Brent Oil at $66.53 (+0.47%) Rates : US 10-year yield at 2.834, UK 10-year yield at 1.459, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-17th-april-asian-markets-upbeat-on-china-gdp\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 17th April: Asian markets upbeat on China GDP<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26108","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\/26108","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=26108"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26108\/revisions"}],"predecessor-version":[{"id":26110,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26108\/revisions\/26110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25801"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}