{"id":26272,"date":"2018-04-26T11:30:36","date_gmt":"2018-04-26T06:00:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26272"},"modified":"2018-04-26T11:30:36","modified_gmt":"2018-04-26T06:00:36","slug":"thursday-26th-april-tech-earnings-fail-to-conclusively-lift-asian-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-april-tech-earnings-fail-to-conclusively-lift-asian-markets\/","title":{"rendered":"Thursday 26th April: Tech earnings fail to conclusively lift Asian markets"},"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 0.57%, Shanghai Composite down 1.08%, Hang Seng down 1.12%, ASX down 0.17%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1325.30 (+0.19%), Silver at $16.55 (+0.26%), WTI Oil at $74.42 (+0.57%), Brent Oil at $68.34 (+0.43%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.026, UK 10-year yield at 1.542, Germany 10-year yield at 0.631<\/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;\">(USD) Crude Oil Inventories 2.2M vs -1.6M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CB Leading Index m\/m 1.70% vs 1.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Credit Suisse Economic Expectations 7.2 vs 16.7 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) All Industries Activity m\/m 0.40% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Kim Jong-un to meet Moon Jae-in at Korean border for summit<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan&#39;s Abe Says He&#39;s Not Thinking of Calling a Snap Election<\/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 on a mixed note today, although the tech results from the Wall Street have been promising. While the dollar continues to be at strong levels, its rally seems to have been halted at the moment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese equities have been under pressure today, owing to both macro-economic and geo-political reasons. Huawei appears to be the first casualty of the US-China trade war, with reports coming in that the FBI is investigating it for potential Iran sanctions violations. This comes as President Trump threatens to pull out of the Iran nuclear deal. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Tech stocks on the Hang Seng are also weak, with smartphone suppliers leading the rout, following Samsung&rsquo;s cautious outlook for smartphone demand. Banks on ASX continue to trade lower, the spill-off from the regulator&rsquo;s investigations and evolving policies continue.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">10Y yield touched seven &#8211; year highs yesterday, although the Street seemed to downplay concerns about increasing costs and risk implications. The dollar index hovered around a 3 and a half month high. Crude oil prices were up amid the prospect of fresh sanctions on Iran and concerns about output from Venezuela. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Higher U.S. yields and a stronger dollar weighed on non-yielding gold, with spot prices slipping to a five-week low&nbsp;<\/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;\">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<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.57%, Shanghai Composite down 1.08%, Hang Seng down 1.12%, ASX down 0.17% Commodities : Gold at $1325.30 (+0.19%), Silver at $16.55 (+0.26%), WTI Oil at $74.42 (+0.57%), Brent Oil at $68.34 (+0.43%) Rates : US 10-year yield at 3.026, UK 10-year yield at 1.542, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-april-tech-earnings-fail-to-conclusively-lift-asian-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 26th April: Tech earnings fail to conclusively lift Asian markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26272","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\/26272","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=26272"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26272\/revisions"}],"predecessor-version":[{"id":26273,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26272\/revisions\/26273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26269"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}