{"id":26679,"date":"2018-05-24T10:50:32","date_gmt":"2018-05-24T05:20:32","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26679"},"modified":"2018-05-31T11:59:23","modified_gmt":"2018-05-31T06:29:23","slug":"thursday-24th-may-asian-markets-hit-by-us-federal-reserves-latest-policy","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-24th-may-asian-markets-hit-by-us-federal-reserves-latest-policy\/","title":{"rendered":"Thursday 24th May: Asian markets hit by US Federal Reserve&#8217;s latest policy"},"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 1.29%, Shanghai Composite down 0.04%, Hang Seng down 0.01%, ASX down 0.21%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1294.90 (+0.41%), Silver at $16.46 (+0.34%), Brent at $79.53 (-0.34%), WTI Oil at $71.64 (-0.28%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.979, UK 10-year yield at 1.442, Germany 10-year yield at 0.507&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;\">(NZD) Trade Balance 263M vs 200M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 5.8M vs -2.5M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) RPI y\/y 3.40% vs 3.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) PPI Input m\/m 0.40% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CPI y\/y 2.40% vs 2.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Services PMI 53.9 vs 54.7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Manufacturing PMI 55.5 vs 56.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Services PMI 52.1 vs 53.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Manufacturing PMI 56.8 vs 57.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Services PMI 54.3 vs 57.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Manufacturing PMI 55.1 vs 53.6 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;\">China does not pledge a number to US trade surplus cut<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Li Hopes For A Strong Euro<\/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 mixed on Thursday as growing trade concerns overshadowed dovish minutes of the U.S. Federal Reserve&#39;s latest monetary policy meeting. The U.S. government launched a national security probe into auto imports that could lead to new tariffs, and President Donald Trump&rsquo;s comments indicated fresh setbacks in U.S.-China trade talks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is extending losses from the previous session on a firmer safe-haven yen more than offset the modest gains on Wall Street. The Australian market is edging higher after a weak start following the modest gains overnight on Wall Street and a fall in base metals prices.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The two-year Treasury note yield, which rises with traders&rsquo; expectations of higher Fed fund rates, was at 2.5121 percent after touching 2.5970 on Wednesday. The yield on benchmark 10-year Treasury notes fell back below the 3-percent threshold to 2.9825 percent, compared with its U.S. close of 3.003 percent on Wednesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Crude oil prices fell Wednesday after the Energy Information Administration reported a massive increase in crude oil stockpiles. WTI crude for July lost $0.36 or 0.5 percent to settle at $71.84 a barrel on the New York Mercantile Exchange.<\/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;\">9:00 am GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">9:15 am GMT &#8211; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">9:30 am GMT &#8211; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 pm GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00&nbsp; AM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">3:00 pm GMT &#8211; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">3:35 pm GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">5:00 pm GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><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><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 1.29%, Shanghai Composite down 0.04%, Hang Seng down 0.01%, ASX down 0.21% Commodities : Gold at $1294.90 (+0.41%), Silver at $16.46 (+0.34%), Brent at $79.53 (-0.34%), WTI Oil at $71.64 (-0.28%) Rates : US 10-year yield at 2.979, UK 10-year yield at 1.442, Germany 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-24th-may-asian-markets-hit-by-us-federal-reserves-latest-policy\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 24th May: Asian markets hit by US Federal Reserve&#8217;s latest policy<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26679","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\/26679","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=26679"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26679\/revisions"}],"predecessor-version":[{"id":26694,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26679\/revisions\/26694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26688"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}