{"id":27213,"date":"2018-06-28T11:25:22","date_gmt":"2018-06-28T05:55:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27213"},"modified":"2018-06-28T11:25:22","modified_gmt":"2018-06-28T05:55:22","slug":"thursday-28th-june-apac-markets-mixed-as-investors-turn-cautious","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-june-apac-markets-mixed-as-investors-turn-cautious\/","title":{"rendered":"Thursday 28th June: APAC Markets mixed as investors turn cautious"},"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 0.01%, Shanghai Composite down 0.38%, Hang Seng up 0.06%, ASX up 0.34%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1253.20 (-0.23%), Silver at $16.07 (-0.50%), Brent Oil at $77.33 (-0.17%), WTI Oil at $72.47 (-0.40%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.837, UK 10-year yield at 1.246, Germany 10-year yield at 0.324<\/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) Official Cash Rate 1.75% vs 1.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -9.9M vs -2.4M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Durable Goods Orders m\/m -0.60% vs -0.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Durable Goods Orders m\/m -0.30% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 4.00% vs 3.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Credit Suisse Economic Expectations 8 vs 28 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Beijing says investor curbs may backfire<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">President Trump Vows US Will Finish &#39;Trade War&#39; It Didn&#39;t Start<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices<\/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 stocks traded mixed Thursday as traders remained sceptical about the Trump administration&rsquo;s announcement of less harsh measures on Chinese investments. Treasury yields steadied and emerging market currencies declined.&nbsp;&nbsp; Media reports released earlier on Wednesday claimed that Trump has softened the threat of new curbs on Chinese investment in U.S. firms. Separately, top U.S. economic advisor Larry Kudlow said the Trump administration has no intention of backing down from the current China situation.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In China, the markets have taken a battering as worries about a wobbly yuan and the trade spat with the United States have left investors bracing for a rocky final six months of the year. That will keep traders focused on China stocks which were hit by bruising sell-off on Wednesday, with blue chips slumping to their worst loss in over a year. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">China&#39;s Shanghai Composite index was losing 0.4 percent, retreating after recouping early losses, while the yuan fell on concerns about the economic outlook. Japan&#39;s Nikkei index was moving down 0.3 percent despite automakers rebounding from recent heavy losses on tariff concerns.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">U.S. oil prices hit a 3-1\/2-year high as plunging U.S. crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington&rsquo;s demands that importers stop buying Iranian crude.<\/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;\">All Day &#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; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Day 1 &#8211; (EUR) EU Economic Summit<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Final GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:00 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<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; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; 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: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.01%, Shanghai Composite down 0.38%, Hang Seng up 0.06%, ASX up 0.34% Commodities : Gold at $1253.20 (-0.23%), Silver at $16.07 (-0.50%), Brent Oil at $77.33 (-0.17%), WTI Oil at $72.47 (-0.40%) Rates : US 10-year yield at 2.837, UK 10-year yield at 1.246, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-june-apac-markets-mixed-as-investors-turn-cautious\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th June: APAC Markets mixed as investors turn cautious<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27213","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\/27213","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=27213"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27213\/revisions"}],"predecessor-version":[{"id":27215,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27213\/revisions\/27215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27214"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}