{"id":26210,"date":"2018-04-23T11:25:55","date_gmt":"2018-04-23T05:55:55","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26210"},"modified":"2018-05-07T13:24:29","modified_gmt":"2018-05-07T07:54:29","slug":"monday-23rd-april-asian-markets-wary-as-bond-yields-reach-critical-levels","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-23rd-april-asian-markets-wary-as-bond-yields-reach-critical-levels\/","title":{"rendered":"Monday 23rd April: Asian markets wary as bond yields reach critical levels"},"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 0.32%, Shanghai Composite down 0.53%, Hang Seng down 0.33%, ASX up 0.37%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1336.00 (-0.17%), Silver at $17.09 (-0.45%), WTI Oil at $0.00 (+%), Brent Oil at $68.33 (-0.10%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.970, UK 10-year yield at 1.490, Germany 10-year yield at 0.602<\/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) CPI m\/m 0.30% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Core Retail Sales m\/m 0.00% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y 1.90% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y 2.10% vs 2.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y 2.00% vs 2.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">IMF Blasts New Zealand&#39;s &quot;Discriminatory&quot; Ban On Home Sales To Foreigners<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s War on Pollution Fuels State Takeover of Heavy Industry<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan needs &#39;strong accommodative&#39; monetary policy &#39;for some time,&#39; says BOJ&#39;s Kuroda<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">CFTC Positioning Data (Week Ending April 17th, 2018)<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">EUR long 151K vs 147K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">GBP long 48K vs 43K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">JPY long 3K vs 4K short last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CHF short 11K vs 11K short last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CAD short 30K vs 32K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">AUD short 10k vs&nbsp;3K&nbsp;short&nbsp;last week.&nbsp;<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">NZD long 27K vs 22K long last week<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\">\u200b<\/span><\/span><span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world&rsquo;s largest corporations, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Trade remains a discussion point, though selling pressure in Chinese equities has dissipated after developments over the weekend seemed to dial back trade war threats. While the White House is expected to soon unveil its list of Chinese imports it will impose tariffs on, Treasury Secretary Mnuchin indicated an openness to visiting China to discuss trade. China&rsquo;s Commerce Ministry responded by saying such a visit would be welcomed.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Geopolitics remains a headline focus though has not registered much of a market reaction. Takeaways viewed North Korea&rsquo;s announcement it would stop nuclear and missile tests as a sign of seriousness about its offer to denuclearize. Trump praised decision, though reports have noted a key sticking point in upcoming negotiations may involve the pace of both sanctions relief and North Korean nuke dismantlement.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">ASX outperforming with banks seeing some reprieve. Comes after a recent ramp in political pressure owing to damaging misconduct revelations involving some big name financial firms. Relatively quiet elsewhere, with yen&rsquo;s latest weakness not offering much upside support for Nikkei. Dollar mostly higher on major crosses, its gains occurring alongside a further lift in 10Y Treasury yield to 2.97%.<\/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 23<sup>rd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 PM GMT &#8211; (AUD) RBA Assist Gov Kent Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, April 24<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) Trimmed Mean CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, April 25<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\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;\">08:15 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, April 26<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 AM GMT &#8211; (EUR) Minimum Bid Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (EUR) ECB Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Durable Goods Orders 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;\">10:45 PM GMT &#8211; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, April 27<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Policy Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Outlook Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (CHF) SNB Chairman Jordan Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Advance GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Advance GDP Price Index q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Employment Cost Index q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.32%, Shanghai Composite down 0.53%, Hang Seng down 0.33%, ASX up 0.37% Commodities : Gold at $1336.00 (-0.17%), Silver at $17.09 (-0.45%), WTI Oil at $0.00 (+%), Brent Oil at $68.33 (-0.10%) Rates : US 10-year yield at 2.970, UK 10-year yield at 1.490, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-23rd-april-asian-markets-wary-as-bond-yields-reach-critical-levels\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 23rd April: Asian markets wary as bond yields reach critical levels<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26210","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\/26210","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=26210"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26210\/revisions"}],"predecessor-version":[{"id":26212,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26210\/revisions\/26212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26204"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}