{"id":26670,"date":"2018-05-23T11:01:40","date_gmt":"2018-05-23T05:31:40","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26670"},"modified":"2018-05-24T22:33:00","modified_gmt":"2018-05-24T17:03:00","slug":"wednesday-23rd-may-asian-markets-mostly-weak-on-wednesday-with-investors-cautious-after-us-president-remark","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-23rd-may-asian-markets-mostly-weak-on-wednesday-with-investors-cautious-after-us-president-remark\/","title":{"rendered":"Wednesday 23rd May: Asian markets mostly weak on Wednesday with investors cautious after US President remark"},"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 down 1.14%, Shanghai Composite down 0.80%, Hang Seng down 1.02%, ASX down 0.22%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1291.70 (-0.02%), Silver at $16.57 (-0.06%), Brent at $79.07 (-0.63%), WTI Oil at $71.92 (-0.39%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.052, UK 10-year yield at 1.519, Germany 10-year yield at 0.558&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) All Industries Activity m\/m 0.00% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Construction Work Done q\/q 0.20% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Flash Manufacturing PMI 52.5 vs 53.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) MI Leading Index m\/m 0.20% vs -0.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Richmond Manufacturing Index 16 vs 9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CB Leading Index m\/m 1.50% vs 1.60% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Wholesale Sales m\/m 1.10% vs 0.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CBI Industrial Order Expectations -3 vs 2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Public Sector Net Borrowing 6.2B vs 7.2B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) MPC Member Vlieghe Speaks&nbsp; vs&nbsp; previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) BOJ Core CPI y\/y 0.50% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">RBNZ would consider buying foreign government bonds in a crisis<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD\/JPY Holds Above Key Support<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly lower on Wednesday, led by Japan, after U.S. President Donald Trump said he was &quot;not really&quot; pleased with the U.S.-China trade talks so far.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan&rsquo;s Nikkei lost as much as 1.4 percent to hit a 1-1\/2-week low and the Shanghai Composite Index retreated 0.6 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian market is advancing despite the weak cues overnight from Wall Street, as gains in metal prices lifted mining stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">As lower U.S. yields sap the appetite for the dollar, the euro traded at $1.1754 , hovering above Monday&rsquo;s five-month low of $1.1717.Against the yen the dollar slipped 0.4 percent to 110.47 from Monday&rsquo;s four-month high of 111.395<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In commodities, oil prices held firm near 3-1\/2-year highs on potential supply concerns surrounding Venezuela and Iran.<\/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;\">&nbsp;8:00am GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">8:30am GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">9:00am GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">9:30am GMT &#8211; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (GBP) RPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">3:30pm GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">7:00pm GMT &#8211; (USD) FOMC Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45pm GMT &#8211; (NZD) Trade Balance<\/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 down 1.14%, Shanghai Composite down 0.80%, Hang Seng down 1.02%, ASX down 0.22% Commodities : Gold at $1291.70 (-0.02%), Silver at $16.57 (-0.06%), Brent at $79.07 (-0.63%), WTI Oil at $71.92 (-0.39%) Rates : US 10-year yield at 3.052, UK 10-year yield at 1.519, Germany 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-23rd-may-asian-markets-mostly-weak-on-wednesday-with-investors-cautious-after-us-president-remark\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 23rd May: Asian markets mostly weak on Wednesday with investors cautious after US President remark<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26670","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\/26670","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=26670"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26670\/revisions"}],"predecessor-version":[{"id":26671,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26670\/revisions\/26671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26280"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}