{"id":26506,"date":"2018-05-10T11:31:05","date_gmt":"2018-05-10T06:01:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26506"},"modified":"2018-05-24T22:33:31","modified_gmt":"2018-05-24T17:03:31","slug":"thursday-10th-may-asian-markets-modestly-higher-reports-of-israel-iran-skirmish-in-syria","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-10th-may-asian-markets-modestly-higher-reports-of-israel-iran-skirmish-in-syria\/","title":{"rendered":"Thursday 10th May: Asian markets modestly higher; reports of Israel-Iran skirmish in Syria"},"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 : Nikkei up 0.44%, Shanghai Composite up 0.07%, Hang Seng up 0.77%, ASX up 0.22%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1313.90 (+0.07%), Silver at $16.55 (+0.07%), Brent Oil at $77.72 (+0.66%), WT Crude at $71.64 (+0.70%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.982, UK 10-year yield at 1.466, Germany 10-year yield at 0.561<\/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) PPI y\/y 3.40% vs 3.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CPI y\/y 1.80% vs 1.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Official Cash Rate 1.75% vs 1.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -2.2M vs -0.2M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PPI m\/m 0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Building Permits m\/m 3.10% vs 2.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Israeli military says it struck dozens of Iranian military targets in Syria overnight.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Singapore likely summit venue after North Korea releases prisoners: U.S. official<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">The RBNZ sees softer GDP growth and inflation, and plans to lift interest rates later<\/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 mostly higher today, following cues from Wall Street. Crude continues to gain from the fallout of the Iran deal &ndash; however, the geo-political incident has not significantly added to risk aversion.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese markets traded higher today, as major oil producers gained. CPI numbers show that Chinese Inflation decelerated last month. Nikkei has been modestly higher, as the yen is at its lowest against the dollar in a week. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Energy stocks and automakers have been the major gainers. ASX continues to advanced, backed by energy stocks. Miners are also higher, supported by rising base metal process.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Crude oil prices continued to rally Wednesday amid geopolitical tensions and a significant drop in U.S. oil inventories. Reports of an Iran-Israeli skirmish in Syria have only pushed Crude prices further higher up. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Rising oil prices in turn pushed up U.S. Treasury yields by fanning inflation concerns. The 10-year Treasury note yield rose to a two-week high above the 3 percent threshold before pulling back to 2.982 percent .<\/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;\">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<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><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>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.44%, Shanghai Composite up 0.07%, Hang Seng up 0.77%, ASX up 0.22% Commodities : Gold at $1313.90 (+0.07%), Silver at $16.55 (+0.07%), Brent Oil at $77.72 (+0.66%), WT Crude at $71.64 (+0.70%) Rates : US 10-year yield at 2.982, UK 10-year yield at 1.466, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-10th-may-asian-markets-modestly-higher-reports-of-israel-iran-skirmish-in-syria\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 10th May: Asian markets modestly higher; reports of Israel-Iran skirmish in Syria<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26506","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\/26506","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=26506"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26506\/revisions"}],"predecessor-version":[{"id":26509,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26506\/revisions\/26509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26037"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}