{"id":26345,"date":"2018-05-01T11:36:20","date_gmt":"2018-05-01T06:06:20","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26345"},"modified":"2018-05-01T11:36:20","modified_gmt":"2018-05-01T06:06:20","slug":"tuesday-1st-may-thinly-traded-asian-markets-on-labor-day","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-1st-may-thinly-traded-asian-markets-on-labor-day\/","title":{"rendered":"Tuesday 1st May: Thinly traded Asian markets on Labor day"},"content":{"rendered":"<h2>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.19%, ASX up 0.53%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1312.10 (-0.54%), Silver at $16.21 (-0.66%), WTI Oil at $74.84 (+0.20%), Brent Oil at $68.72 (+0.22%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.961, UK 10-year yield at 1.413, Germany 10-year yield at 0.561<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate 1.50% vs 1.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Chicago PMI 57.6 vs 58.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Personal Spending m\/m 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PCE Price Index m\/m 0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) RMPI m\/m 2.10% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 3.70% vs 4.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) KOF Economic Barometer 105.3 vs 105.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim CPI m\/m 0.00% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Retail Sales m\/m -0.60% vs 0.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Sydney and Melbourne property to be most affected by banking royal commission: CoreLogic<a name=\"_GoBack\"><\/a><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. wants 4-year phase-in for higher NAFTA auto content thresholds<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are modestly higher in thin holiday-trade on Tuesday as many of the markets in the region are closed for the Labor Day holiday. Investor sentiment was bolstered by news that the U.S. has extended the May 1 deadline on steel and aluminium tariff exemptions for its allies by one month.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei resumes trade today after Monday&rsquo;s holiday. Quarterly earnings continues to move markets, as companies continue to log outsized moves backed by strong earnings. ASX&rsquo;s major banks extending gains with&nbsp;ANZ-AU&nbsp;&rsquo;s H1 results coming in better-than-expected.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Aussie dollar little changed after RBA kept policy unchanged as widely expected. Few changes in policy statement as RBA sticks with expectations for a pickup in growth and inflation.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Crude oil prices rose on Monday after Israeli Prime Minister Benjamin Netanyahu said his country had proof that Iran ran a secret program to build nuclear weapons even after signing a deal in 2015 with global powers.&nbsp;<\/span>\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 AM GMT &#8211; (AUD) RBA Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 AM GMT &#8211; (AUD) Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Net Lending to Individuals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/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;\">06:30 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:45 PM GMT &#8211; (NZD) Employment Change q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:45 PM GMT &#8211; (NZD) Unemployment Rate<\/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 0.19%, ASX up 0.53% Commodities : Gold at $1312.10 (-0.54%), Silver at $16.21 (-0.66%), WTI Oil at $74.84 (+0.20%), Brent Oil at $68.72 (+0.22%) Rates : US 10-year yield at 2.961, UK 10-year yield at 1.413, Germany 10-year yield at 0.561 News &amp; Data: (AUD) Cash Rate &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-1st-may-thinly-traded-asian-markets-on-labor-day\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 1st May: Thinly traded Asian markets on Labor day<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26345","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\/26345","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=26345"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26345\/revisions"}],"predecessor-version":[{"id":26346,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26345\/revisions\/26346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26343"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}