{"id":26438,"date":"2018-05-07T11:33:41","date_gmt":"2018-05-07T06:03:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26438"},"modified":"2018-05-07T13:21:19","modified_gmt":"2018-05-07T07:51:19","slug":"monday-7th-may-asian-markets-mostly-higher-on-us-wages-report","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-7th-may-asian-markets-mostly-higher-on-us-wages-report\/","title":{"rendered":"Monday 7th May: Asian markets mostly higher on US wages report"},"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 down 0.10%, Shanghai Composite up 1.20%, Hang Seng up 0.14%, ASX up 0.30%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1315.50 (+0.06%), Silver at $16.55 (+0.16%), WTI Oil at $75.59 (+0.96%), Brent Oil at $70.34 (+0.89%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.957, UK 10-year yield at 1.395, Germany 10-year yield at 0.540\u200b<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) NAB Business Confidence 10 vs 8 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Ivey PMI 71.5 vs 60.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Rate 3.90% vs 4.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Non-Farm Employment Change 164K vs 190K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Average Hourly Earnings m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China vows to open up more futures markets as iron ore goes international<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed&#39;s Quarles says paying &#39;a lot&#39; of attention to spread of machine learning in finance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<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;\"><strong style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; 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; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\">CFTC Positioning Data (Week Ending May 1st, 2018)<\/span><\/strong><\/span>\n<\/p>\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tEUR long 121K vs 131K long last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tGBP long 26K vs 37K long last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tJPY short 1K vs 1K long last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tCHF short 19K vs 10K short last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tCAD short 28K vs 25K short last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tAUD short 7k vs 3K short last week.\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t\tNZD long 17K vs 24K long last week.\n\t<\/li>\n<\/ul>\n<p style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative; box-sizing: border-box;\">\n\t&nbsp;\n<\/p>\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 are mostly higher today, as the US wages report on Friday implied a lowered risk of faster rate hikes by the Fed. However, geopolitical narratives, including those on China and Iran continue to pose a threat to the markets.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The ASX has been on the uptrend, as high commodities prices continue to drive miners. Banking continues to be mixed, as fallout from the commission&rsquo;s enquiry is expected to continue. Japanese markets are mixed on a stronger yen, which weighed in on exporters.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Oil prices hit their highest in more than three years as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The recent run of solid U.S. economic news contrasts with a softer turn in European data and lifted the dollar to its highest for the year so far against the euro. It had less luck against the Japanese yen, in part because strains in emerging market currencies were supporting safe havens such as the yen.&nbsp;<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, May 7<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) NAB Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (CAD) Gov Council Member Lane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:25 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) FOMC Member Barkin Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, May 8<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) Retail Sales m\/m<\/span>\n\t<\/li>\n<\/ul>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (CNY) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 AM GMT &#8211; (NZD) Inflation Expectations q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:15 AM GMT &#8211; (USD) Fed Chair Powell Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 AM GMT &#8211; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (AUD) Annual Budget Release<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, May 9<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Core PPI m\/m<\/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;\">09:00 PM GMT &#8211; (NZD) Official Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 PM GMT &#8211; (NZD) RBNZ Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 PM GMT &#8211; (NZD) RBNZ Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 PM GMT &#8211; (NZD) RBNZ Press Conference<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, May 10<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:10 AM GMT &#8211; (NZD) RBNZ Gov Orr Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (CNY) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (CNY) PPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) BOE Inflation Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) Monetary Policy Summary<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) Official Bank Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) Asset Purchase Facility<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) MPC Asset Purchase Facility Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) NHPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Core CPI 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;\">10:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, May 11<sup>th <\/sup>2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:10 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.10%, Shanghai Composite up 1.20%, Hang Seng up 0.14%, ASX up 0.30% Commodities : Gold at $1315.50 (+0.06%), Silver at $16.55 (+0.16%), WTI Oil at $75.59 (+0.96%), Brent Oil at $70.34 (+0.89%) Rates : US 10-year yield at 2.957, UK 10-year yield at 1.395, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-7th-may-asian-markets-mostly-higher-on-us-wages-report\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 7th May: Asian markets mostly higher on US wages report<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26438","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\/26438","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=26438"}],"version-history":[{"count":4,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26438\/revisions"}],"predecessor-version":[{"id":26442,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26438\/revisions\/26442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26435"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}