{"id":26480,"date":"2018-05-09T11:29:47","date_gmt":"2018-05-09T05:59:47","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26480"},"modified":"2018-05-24T22:33:32","modified_gmt":"2018-05-24T17:03:32","slug":"wednesday-9th-may-markets-hold-up-as-trump-pulls-out-of-iran-deal","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-9th-may-markets-hold-up-as-trump-pulls-out-of-iran-deal\/","title":{"rendered":"Wednesday 9th May: Markets hold up as Trump pulls out of Iran deal"},"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 0.38%, Shanghai Composite down 0.21%, Hang Seng up 0.45%, ASX up 0.27%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1310.40 (-0.25%), Silver at $16.46 (-0.04%), Brent Oil at $76.63 (+2.38%), WTI Oil at $70.56 (+2.17%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.989, UK 10-year yield at 1.440, Germany 10-year yield at 0.556<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.00% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Inflation Expectations q\/q 2.00% vs 2.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance 183B vs 187B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Halifax HPI m\/m -3.10% vs -0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Pompeo, in North Korea, to return with detained Americans: South Korean official<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Cryptojacking malware was secretly mining Monero on many government and university websites<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mnuchin Reveals Trump&#39;s Iran Deal Gamble: &quot;The Objective Is To Enter Into A New Agreement&quot;<\/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 traded slightly lower today, as oil soared &ndash; a fallout from the US&rsquo;s pulling out of the Iran nuclear deal. That said, the fallout was lesser than expected, as markets had mostly priced in the outcome over the past week. Crude oil prices rose more than 2 percent in Asian trades after falling overnight.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Asian shares ticked down as renewed U.S. sanctions on Tehran were seen as disruptive for many companies that have deals with Iran. Trump&rsquo;s move is also seen as risking worsening already-tense relations between Iran and U.S. allies in the region. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Australian market is rising despite the flat cues from Wall Street and a fall in shares of Commonwealth Bank. Mining and energy stocks are advancing. The Japanese market is declining, tracking the flat cues from Wall Street. Exporters are mostly lower despite a weaker yen.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Souring risk sentiment is hitting emerging markets, which have been clobbered in recent weeks by concerns about capital outflows, as the prospect of higher U.S. interest rates lures investors back to U.S. bonds rather than riskier assets. Greenback strength continues to add to the woes of EM assets.<\/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; (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<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 down 0.38%, Shanghai Composite down 0.21%, Hang Seng up 0.45%, ASX up 0.27% Commodities : Gold at $1310.40 (-0.25%), Silver at $16.46 (-0.04%), Brent Oil at $76.63 (+2.38%), WTI Oil at $70.56 (+2.17%) Rates : US 10-year yield at 2.989, UK 10-year yield at 1.440, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-9th-may-markets-hold-up-as-trump-pulls-out-of-iran-deal\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 9th May: Markets hold up as Trump pulls out of Iran deal<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26480","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\/26480","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=26480"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26480\/revisions"}],"predecessor-version":[{"id":26481,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26480\/revisions\/26481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26477"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}