{"id":26416,"date":"2018-05-04T11:56:33","date_gmt":"2018-05-04T06:26:33","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26416"},"modified":"2018-05-07T13:21:20","modified_gmt":"2018-05-07T07:51:20","slug":"friday-4th-may-asian-markets-lower-us-jobs-reports-expected-today","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-4th-may-asian-markets-lower-us-jobs-reports-expected-today\/","title":{"rendered":"Friday 4th May: Asian markets lower; US jobs reports expected today"},"content":{"rendered":"<p>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Shanghai Composite down 0.01%, Hang Seng down 0.82%, ASX down 0.52%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1313.40 (+0.05%), Silver at $16.48 (+0.20%), WTI Oil at $73.65 (+0.04%), Brent Oil at $68.47 (+0.06%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.948, UK 10-year yield at 1.401, Germany 10-year yield at 0.538<\/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;\">(CNY) Caixin Services PMI 52.9 vs 52.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI 56.8 vs 58.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 211K vs 225K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Prelim Unit Labor Costs q\/q 2.70% vs 3.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Prelim Nonfarm Productivity q\/q 0.70% vs 0.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance -4.1B vs -2.3B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Core CPI Flash Estimate y\/y 0.70% vs 0.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) CPI Flash Estimate y\/y 1.20% vs 1.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Services PMI 52.8 vs 53.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US economists urge Trump to avoid protectionist mistakes of the 1930s<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mnuchin Says U.S., China in `Very Good Conversation&#39; on Trade<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tesla shares sink almost $3 billion after Musk ignores &#39;boring&#39; questions<\/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 lower in quiet Friday trade. Regional activity affected by closure of Japanese markets for public holiday. Improvement in China services PMI failed to register on mainland markets, as focus remains on US-China trade negotiations. US officials were positive on the first day of talks, though at this stage prospects for a quick resolution appear remote.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Banks weighing on ASX following a recent reprieve. Meanwhile, Aussie dollar has posted modest gains after RBA upgraded near-term underlying inflation forecasts. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Samsung dragging Kospi lower following stock split. Analysts attribute some of the decline to increased trading volumes amid lingering concerns over the memory chip market. Chinese shares nudged lower, with the blue-chips off 0.2 percent and Shanghai&rsquo;s SSE Composite down 0.1 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts. Crude dipped a shade, whereas Gold was a tinge higher<\/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;\">12:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:00 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"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; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Shanghai Composite down 0.01%, Hang Seng down 0.82%, ASX down 0.52% Commodities : Gold at $1313.40 (+0.05%), Silver at $16.48 (+0.20%), WTI Oil at $73.65 (+0.04%), Brent Oil at $68.47 (+0.06%) Rates : US 10-year yield at 2.948, UK 10-year yield at 1.401, Germany 10-year yield at 0.538 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-4th-may-asian-markets-lower-us-jobs-reports-expected-today\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 4th May: Asian markets lower; US jobs reports expected today<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26416","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\/26416","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=26416"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26416\/revisions"}],"predecessor-version":[{"id":26418,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26416\/revisions\/26418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25513"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}