{"id":27220,"date":"2018-06-29T11:55:02","date_gmt":"2018-06-29T06:25:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27220"},"modified":"2018-06-29T11:55:02","modified_gmt":"2018-06-29T06:25:02","slug":"friday-29th-june-asian-markets-edge-higher-on-last-day-of-the-quarter","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-29th-june-asian-markets-edge-higher-on-last-day-of-the-quarter\/","title":{"rendered":"Friday 29th June: Asian markets edge higher on last day of the quarter"},"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 0.07%, Shanghai Composite up 1.78%, Hang Seng up 1.34%, ASX down 0.18%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1252.80 (+0.14%), Silver at $16.06 (+0.68%), Brent Oil at $77.60 (-0.01%), WTI Oil at $73.31 (-0.19%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.857, UK 10-year yield at 1.262, Germany 10-year yield at 0.317<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 227K vs 220K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Final GDP q\/q 2.00% vs 2.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) EU Economic Summit&nbsp; vs&nbsp; previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Flash CPI y\/y 2.30% vs 2.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim CPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">UK Consumer confidence falls amid &lsquo;self-imposed austerity&rsquo;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">May: Wants Brexit Negotiations Accelerated After London Publishes Its White Paper On Future Ties With EU &#8211; RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tusk: EU28 leaders have agreed on #euco conclusions incl. migration<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly higher on Friday, the last trading day of the quarter, following the positive cues overnight from Wall Street and on news that China has eased restrictions on foreign investment amid rising trade tensions with the U.S. Crude oil prices slipped in Asian trades after rising to a three-and-a-half-year high overnight.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">After falling to fresh two-year lows on Thursday, shares in China rebounded Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors including banking, automobiles, heavy industry and agriculture. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Elsewhere in the region, investors remained focused on concerns over global trade, as the U.S. ambassador to China said Washington was not convinced that China is willing to make fast progress on trade. The U.S. administration is due to activate U.S. tariffs on Chinese goods worth $34 billion on July 6, which is expected to prompt a tit-for-tat response from Beijing.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Japanese market slipped into negative territory after opening higher following the positive cues from Wall Street and on a weaker yen. The Australian market is edging higher on the last trading day of the financial year; Gains by mining stocks were offset by weakness in oil stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The two-year yield, which rises with traders&rsquo; expectations of higher Fed fund rates, was at 2.5242 percent compared with a U.S. close of 2.52 percent. On Friday, spot gold was trading slightly higher at $1248.71 per ounce, but was still headed for its worst monthly performance since November 2016.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><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;\">08:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Final GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Net Lending to Individuals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Day 2 &#8211; (EUR) EU Economic Summit<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) GDP m\/m<\/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) Core PCE Price Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:45 PM GMT &#8211; (USD) Chicago PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (CAD) BOC Business Outlook Survey<\/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;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: 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><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.07%, Shanghai Composite up 1.78%, Hang Seng up 1.34%, ASX down 0.18% Commodities : Gold at $1252.80 (+0.14%), Silver at $16.06 (+0.68%), Brent Oil at $77.60 (-0.01%), WTI Oil at $73.31 (-0.19%) Rates : US 10-year yield at 2.857, UK 10-year yield at 1.262, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-29th-june-asian-markets-edge-higher-on-last-day-of-the-quarter\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 29th June: Asian markets edge higher on last day of the quarter<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27220","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\/27220","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=27220"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27220\/revisions"}],"predecessor-version":[{"id":27222,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27220\/revisions\/27222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27221"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}