{"id":26778,"date":"2018-05-30T11:30:04","date_gmt":"2018-05-30T06:00:04","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26778"},"modified":"2018-05-31T11:59:22","modified_gmt":"2018-05-31T06:29:22","slug":"wednesday-30th-may-italian-political-turmoil-spills-over-to-global-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-30th-may-italian-political-turmoil-spills-over-to-global-markets\/","title":{"rendered":"Wednesday 30th May: Italian political turmoil spills over to global markets"},"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 down 1.52%, Shanghai Composite down 1.39%, Hang Seng down 1.61%, ASX down 0.52%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1299.70 (+0.05%), Silver at $16.39 (+0.10%), Brent Oil at $75.22 (-0.36%), WTI Oil at $66.61 (-0.18%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.810, UK 10-year yield at 1.190, Germany 10-year yield at 0.263<\/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) Building Approvals m\/m -5.00% vs -2.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence 128 vs 128.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 3.90% vs 3.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China slams US call to press ahead with company restrictions<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Hong Kong stocks plunge below 30,000 as Italy crisis rattles nerves<\/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 in the red today, as markets continue a sell-off aggravated by Italian political woes. Investors are worried about the impact of the happenings on the long-term health of the Euro and the stability of the Euro zone. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The euro is at a 10-month low, thereby pushing up Italian borrowing costs, as investors flocked to safe-haven US treasuries and risk-off Japanese yen.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Reports of renewed Sino-US trade tensions did not help the markets, pushing them to even lower levels. Nikkei is lower, with the yen strengthening.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Exporters are leading the rout; however, financials are not far behind. Australian markets are also lower, with financials losing the most. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil stocks are lower as oil fell for the fifth straight session overnight. Oil struggled under pressure from expectations that Saudi Arabia and Russia would pump more oil to counter potential supply shortfalls from Venezuela and Iran, even as U.S. output has surged in recent years.<\/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;\">07:00 AM GMT &#8211; (EUR) German Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (CHF) Credit Suisse Economic Expectations<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (EUR) Italian 10-y Bond Auction<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) Overnight Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:45 PM GMT &#8211; (CHF) SNB Chairman Jordan Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 1.52%, Shanghai Composite down 1.39%, Hang Seng down 1.61%, ASX down 0.52% Commodities : Gold at $1299.70 (+0.05%), Silver at $16.39 (+0.10%), Brent Oil at $75.22 (-0.36%), WTI Oil at $66.61 (-0.18%) Rates : US 10-year yield at 2.810, UK 10-year yield at 1.190, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-30th-may-italian-political-turmoil-spills-over-to-global-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 30th May: Italian political turmoil spills over to global markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26778","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\/26778","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=26778"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26778\/revisions"}],"predecessor-version":[{"id":26780,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26778\/revisions\/26780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26128"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}