{"id":26292,"date":"2018-04-27T10:42:12","date_gmt":"2018-04-27T05:12:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26292"},"modified":"2018-04-27T10:42:12","modified_gmt":"2018-04-27T05:12:12","slug":"friday-27th-april-asian-markets-rally-on-moon-kim-summit","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-27th-april-asian-markets-rally-on-moon-kim-summit\/","title":{"rendered":"Friday 27th April:  Asian markets rally on Moon-Kim summit"},"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 0.50%, Shanghai Composite down 0.74%, Hang Seng up 0.18%, ASX up 0.46%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1318.30 (+0.03%), Silver at $16.48 (-0.07%), WTI Oil at $74.56 (-0.24%), Brent Oil at $68.03 (-0.23%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.972, UK 10-year yield at 1.506, Germany 10-year yield at 0.596<\/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;\">(NZD) Trade Balance -86M vs 270M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 209K vs 230K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Durable Goods Orders m\/m 2.60% vs 1.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Durable Goods Orders m\/m 0.00% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Minimum Bid Rate 0.00% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Unemployment Rate 16.70% vs 16.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japanese Yen Steady As BoJ Holds Once More, Kuroda Up Next<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">The Moon-Kim summit is historic, but denuclearization may not be on the agenda<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mexico says NAFTA deal &#39;reasonably close&#39; talks &#39;not easy&#39;<\/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 shares edged higher on Friday, after U.S. equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese markets opened stronger but have reversed with mainland equities in negative territory. Data showed industrial profit growth slowed sharply in March, while PBoC left liquidity unchanged, draining CNY270B via OMOs this week. Hang Seng tech stocks mixed following Thursday&rsquo;s volatility as concerns over smartphone demand linger. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">ASX off its highs, with banks under pressure again amid a recent pickup in concerns over lending standards. Japanese earnings have ramped up with some big tech names logging outsized gains. BoJ kept policy unchanged as expected, decision registering a muted market response even as policymakers omitted language around inflation timetable.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Geopolitics a high profile focus with North Korean leader Kim Jong-un meeting his South Korean counterpart for the first time. Expected to discuss peace and denuclearization, setting the stage for Kim&rsquo;s planned summit with President Trump by early June<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The yield on U.S. 10-year Treasuries closed below the 3 percent level on Thursday as buyers emerged following a sell-off fueled by worries over growing U.S. debt issuance and rising costs. Oil prices edged lower on Friday but Brent largely held gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply.<\/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;\">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<a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.50%, Shanghai Composite down 0.74%, Hang Seng up 0.18%, ASX up 0.46% Commodities : Gold at $1318.30 (+0.03%), Silver at $16.48 (-0.07%), WTI Oil at $74.56 (-0.24%), Brent Oil at $68.03 (-0.23%) Rates : US 10-year yield at 2.972, UK 10-year yield at 1.506, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-27th-april-asian-markets-rally-on-moon-kim-summit\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 27th April:  Asian markets rally on Moon-Kim summit<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26292","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\/26292","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=26292"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26292\/revisions"}],"predecessor-version":[{"id":26293,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26292\/revisions\/26293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25445"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}