{"id":26362,"date":"2018-05-02T11:26:34","date_gmt":"2018-05-02T05:56:34","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26362"},"modified":"2018-05-02T11:26:34","modified_gmt":"2018-05-02T05:56:34","slug":"wednesday-2nd-may-asian-markets-mixed-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-2nd-may-asian-markets-mixed-ahead-of-fed-meeting\/","title":{"rendered":"Wednesday 2nd May: Asian markets mixed ahead of Fed meeting"},"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 down 0.26%, Shanghai Composite down 0.24%, Hang Seng down 0.61%, ASX up 0.59%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1310.10 (+0.25%), Silver at $16.34 (+1.32%), WTI Oil at $73.21 (+0.11%), Brent Oil at $67.55 (+0.45%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.979, UK 10-year yield at 1.411, 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;\">(CNY) Caixin Manufacturing PMI 51.1 vs 50.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Unemployment Rate 4.40% vs 4.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Employment Change q\/q 0.60% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -1.10% vs 2.70% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing PMI 57.3 vs 58.4 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) GDP m\/m 0.40% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Net Lending to Individuals m\/m 4.2B vs 4.9B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing PMI 53.9 vs 54.8 expected<\/span>\n\t<\/li>\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;\">Donald Trump sends his economic team to China for talks amid trade war stand-off<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US eager to form trade deal with Japan &#39;at some point&#39;: USTR<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">French president Macron lands in Sydney for talks on China influence, trade<\/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 markets are trading mostly lower today, as investors exercise caution ahead of today&rsquo;s Fed meeting &ndash; the key attention being the language around inflation in today&rsquo;s statement.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Liquidity slowly coming back to normal, as markets reopened after holidays in the region. Upbeat earnings from Apple boosted tech stocks in the region. Hang Seng gained from this upmove, as smartphone manufacturers were boosted by as Apple&rsquo;s observations alleviated concerns of falling smartphone demand pointed out by Samsung. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian market is rising for a fourth straight day despite the mixed cues from Wall Street and a fall in commodity prices. The Japanese market dipped into negative territory after opening higher, with the mixed cues from Wall Street and the fall in crude oil prices weighing on investor sentiment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While the dollar is off 4 &#8211; month highs set yesterday, the 10 year Treasury yield is hovering just below 3%. The dollar was underpinned by the outlook for a strong U.S. economy amid signs of slowdown elsewhere, especially in Europe. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices were stable on Wednesday, supported by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.<\/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;\">01:45 AM GMT &#8211; (CNY) Caixin Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Prelim Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\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;\">03:30 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) Federal Funds Rate<a name=\"_GoBack\"><\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.26%, Shanghai Composite down 0.24%, Hang Seng down 0.61%, ASX up 0.59% Commodities : Gold at $1310.10 (+0.25%), Silver at $16.34 (+1.32%), WTI Oil at $73.21 (+0.11%), Brent Oil at $67.55 (+0.45%) Rates : US 10-year yield at 2.979, UK 10-year yield at 1.411, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-2nd-may-asian-markets-mixed-ahead-of-fed-meeting\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 2nd May: Asian markets mixed ahead of Fed meeting<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26362","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\/26362","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=26362"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26362\/revisions"}],"predecessor-version":[{"id":26363,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26362\/revisions\/26363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26360"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}