{"id":26605,"date":"2018-05-17T11:03:55","date_gmt":"2018-05-17T05:33:55","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26605"},"modified":"2018-05-24T22:33:02","modified_gmt":"2018-05-24T17:03:02","slug":"thursday-17th-may-asian-markets-mixed-as-us-treasury-yields-hit-3-10","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-17th-may-asian-markets-mixed-as-us-treasury-yields-hit-3-10\/","title":{"rendered":"Thursday 17th May: Asian markets mixed as US Treasury yields hit 3.10"},"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 0.64%, Shanghai Composite down 0.31%, Hang Seng down 0.11%, ASX down 0.43%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1291.10 (-0.03%), Silver at $16.40 (+0.15%), Brent Oil at $79.40 (+0.15%), WTI Oil at $71.72 (+0.32%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.104, UK 10-year yield at 1.502, Germany 10-year yield at 0.615<\/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;\">(AUD) Unemployment Rate 5.60% vs 5.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Employment Change 22.6K vs 19.8K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -1.4M vs -1.1M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Mortgage Delinquencies 4.63% vs 5.17% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Industrial Production m\/m 0.70% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Capacity Utilization Rate 78.00% vs 78.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Housing Starts 1.29M vs 1.32M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Building Permits 1.35M vs 1.35M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Manufacturing Sales m\/m 1.40% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final CPI y\/y 1.20% vs 1.20% expected<\/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 are mixed today, as increased US treasury yields poses a threat to investor sentiment. Increased yields have made emerging markets less lucrative for investors, not to mention significant equity outflows. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Overnight, Wall Street mostly advanced &ndash; however, the sentiment did not reflect as much in Asian markets. That said, the constructive tone of the US-China trade talks continue to lend support to the markets.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japanese markets are rising in line with cues from the Wall Street, with a weaker yen adding to the party. Investors shrugged off weak Japanese core machinery orders data for March. The Australian market is declining, with banks leading the decliners. Mining and oil stocks are mostly higher.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In currency markets, the euro rose 0.2 percent, regaining some composure after having set a five-month low of $1.1763 on Wednesday. Worries about political risks jolted Italian markets and pressured the euro following reports that Italy&rsquo;s anti-establishment 5-Star Movement and anti-immigrant League may ask the European Central Bank to forgive 250 billion euros of debt as the parties worked to draft a coalition program.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Yields on 10-year U.S. Treasuries hit 3.10 percent on Wednesday for the first time since July 2011, continuing to weigh on stocks as investors considered whether U.S. government bonds might be more attractive than riskier equities.<\/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) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/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 0.64%, Shanghai Composite down 0.31%, Hang Seng down 0.11%, ASX down 0.43% Commodities : Gold at $1291.10 (-0.03%), Silver at $16.40 (+0.15%), Brent Oil at $79.40 (+0.15%), WTI Oil at $71.72 (+0.32%) Rates : US 10-year yield at 3.104, UK 10-year yield at 1.502, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-17th-may-asian-markets-mixed-as-us-treasury-yields-hit-3-10\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 17th May: Asian markets mixed as US Treasury yields hit 3.10<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26605","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\/26605","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=26605"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26605\/revisions"}],"predecessor-version":[{"id":26606,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26605\/revisions\/26606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26602"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}