{"id":26526,"date":"2018-05-11T11:18:03","date_gmt":"2018-05-11T05:48:03","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26526"},"modified":"2018-05-24T22:33:31","modified_gmt":"2018-05-24T17:03:31","slug":"friday-11th-may-asian-markets-gain-on-tepid-us-inflation-data","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-11th-may-asian-markets-gain-on-tepid-us-inflation-data\/","title":{"rendered":"Friday 11th May: Asian markets gain on tepid US inflation data"},"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 up 1.02%, Shanghai Composite up 0.11%, Hang Seng up 1.39%, ASX up 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1319.10 (-0.24%), Silver at $16.73 (-0.20%), Brent Oil at $77.35 (-0.15%), WT Crude at $71.31 (-0.07%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.968, UK 10-year yield at 1.423, Germany 10-year yield at 0.558<\/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;\">(NZD) Business NZ Manufacturing Index 58.9 vs 53.1 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 211K vs 219K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m 0.20% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) NHPI m\/m 0.00% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) MPC Asset Purchase Facility Votes 0-0-9 vs 0-0-9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Asset Purchase Facility 435B vs 435B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Official Bank Rate 0.50% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) MPC Official Bank Rate Votes 2-0-7 vs 2-0-7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance -12.3B vs -11.2B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m -0.10% vs -0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">German Economy Minister Altmaier proposes to discuss ways to avoid negative impact on Germany&#39;s labour market, after U.S. withdrawal from Iran deal<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Playing US Sanctions: China Walks a Fine Line in Iran<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Lending to Australian housing investors plummeted in March<\/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 higher today, following overnight gains on the Wall Street, as the CPI data was lower than expected, thereby easing investor concerns that the Fed might increase the pack of interest rate hikes. The inflation number also eased the dollar.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei building on gains with Panasonic outperforming following earnings and reports of a planned partnership with Tesla.&nbsp;The Japanese benchmark has extended yesterday&rsquo;s gains, even as the yen traded higher today. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian market is rising for a fifth straight day, backed by increased commodity prices. Chinese shares gave up early gains to be marginally lower.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Investors trimmed their expectations for four Fed rate hikes after inflation data showed U.S. price pressures remained weak. The Fed has already raised rates once this year and is widely expected to go two more times in 2018.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices eased but stayed near multi-year peaks amid supply concerns after Trump withdrew from an Iranian nuclear deal and reinstated sanctions. Crude oil futures edged higher Thursday, holding most of their recent gains after subdued U.S. inflation data.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/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<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.02%, Shanghai Composite up 0.11%, Hang Seng up 1.39%, ASX up 0.05% Commodities : Gold at $1319.10 (-0.24%), Silver at $16.73 (-0.20%), Brent Oil at $77.35 (-0.15%), WT Crude at $71.31 (-0.07%) Rates : US 10-year yield at 2.968, UK 10-year yield at 1.423, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-11th-may-asian-markets-gain-on-tepid-us-inflation-data\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 11th May: Asian markets gain on tepid US inflation data<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26526","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\/26526","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=26526"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26526\/revisions"}],"predecessor-version":[{"id":26527,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26526\/revisions\/26527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26523"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}