{"id":26228,"date":"2018-04-24T11:33:05","date_gmt":"2018-04-24T06:03:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26228"},"modified":"2018-04-24T11:34:37","modified_gmt":"2018-04-24T06:04:37","slug":"tuesday-24th-april-2018-asian-markets-rebound","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-24th-april-2018-asian-markets-rebound\/","title":{"rendered":"Tuesday 24th April 2018: Asian markets rebound"},"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 0.88%, Shanghai Composite up 1.79%, Hang Seng up 1.05%, ASX up 0.71%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1329.10 (+0.39%), Silver at $16.68 (+0.56%), WTI Oil at $75.08 (+0.50%), Brent Oil at $69.17 (+0.77%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.962, UK 10-year yield at 1.525, Germany 10-year yield at 0.630<\/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) Trimmed Mean CPI q\/q 0.50% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) CPI q\/q 0.40% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Existing Home Sales 5.60M vs 5.55M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Services PMI 55 vs 54.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Manufacturing PMI 56 vs 56.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Services PMI 54.1 vs 53.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Manufacturing PMI 58.1 vs 57.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Services PMI 57.4 vs 56.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Manufacturing PMI 53.4 vs 53.4 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">G-7 affirms it will never accept nuke-armed N. Korea: Japan<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">EU, Mexico reach &lsquo;agreement in principle&rsquo; on free-trade deal<\/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 markets traded higher today, although tailwinds continue to loom. The key threat is the 10 year US treasury yield, which is now in close proximity of the 3% threshold.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Investors seemed to have paused to breath and observe if the current rally of the dollar is indeed sustainable. Dollar remains near recent highs, although the gains have become much slower.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese equities were in the green, driven largely by President Jingping&rsquo;s comments at the Politburo meeting, signaling that he may fine tune policies to emphasize growth. Nikkei is at recent highs, as the yen is at the lowest against the dollar in 10 weeks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Rising oil and commodities prices have also fuelled inflation concerns, supported by the fact that the tax-cuts may bring us to an economy near or at full employment, which could move the Fed to raise rates by more than 3 times this year.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/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<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size: 14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"color: rgb(0, 0, 0); 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; text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.88%, Shanghai Composite up 1.79%, Hang Seng up 1.05%, ASX up 0.71% Commodities : Gold at $1329.10 (+0.39%), Silver at $16.68 (+0.56%), WTI Oil at $75.08 (+0.50%), Brent Oil at $69.17 (+0.77%) Rates : US 10-year yield at 2.962, UK 10-year yield at 1.525, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-24th-april-2018-asian-markets-rebound\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 24th April 2018: Asian markets rebound<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26228","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\/26228","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=26228"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26228\/revisions"}],"predecessor-version":[{"id":26230,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26228\/revisions\/26230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26225"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}