{"id":28394,"date":"2018-09-28T12:37:55","date_gmt":"2018-09-28T07:07:55","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28394"},"modified":"2018-09-28T12:37:55","modified_gmt":"2018-09-28T07:07:55","slug":"friday-28th-september-japanese-markets-hit-27-year-intraday-high","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-28th-september-japanese-markets-hit-27-year-intraday-high\/","title":{"rendered":"Friday 28th September: Japanese markets hit 27 year Intraday high"},"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 1.27%, Shanghai Composite up 0.96%, Hang Seng up 0.48%, ASX up 0.75%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1187.50 (+0.01%), Silver at $14.33 (+0.24%), Brent Oil at $81.44 (+0.07%), WTI Oil at $72.28 (+0.22%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.050, UK 10-year yield at 1.589, Germany 10-year yield at 0.528<\/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;\">(USD) Durable Goods Orders m\/m 4.50% vs 1.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Final GDP q\/q 4.20% vs 4.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Durable Goods Orders m\/m 0.10% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 3.50% vs 3.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim CPI m\/m 0.40% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Data on China&#39;s manufacturing growth will likely show further slowdown in September<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bank of Canada says it will continue to raise interest rates gradually<\/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 stock markets, led by Japan, are mostly higher on Friday following the overnight gains on Wall Street, with investor sentiment bolstered by the Federal Reserve&#39;s positive outlook for the U.S. economy in addition to upbeat U.S. economic data. Federal Reserve Chairman Jerome Powell said that the U.S. economy does not face a large chance of a recession in the next two years. The Japanese yen weakened as part of a broader advance in the U.S. dollar following the Federal Reserve rate decision.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&rsquo;s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight. Down Under, the ASX 200 also pared some of its gains but remained up by 0.75 percent during afternoon trade, with most sectors still seeing gains. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In the Greater China region, Hong Kong&#39;s Hang Seng index extended gains by 0.48 percent, while the Shanghai composite rose 0.96 percent and the Shenzhen composite held on to gains of around 0.52 percent. The Caixin Purchasing Managers&#39; Index for China&#39;s manufacturing sector for September is scheduled to be released on Sunday. Over in South Korea, however, the Kospi slumped by 0.47 percent, with industry heavyweight Samsung Electronics falling by 2 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index, which tracks the greenback against a basket of six major rivals, was up 0.07 percent at 94.959. U.S. Treasury yields ticked lower. The yield on benchmark 10-year Treasury notes was at 3.0518 percent on Friday, compared with its U.S. close of 3.055 percent on Thursday. The two-year yield, closely tied to expectations of higher Fed fund rates, touched 2.8269 percent compared with a U.S. close of 2.835 percent.<\/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;\">08:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 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;\">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;\">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;\">02:20 PM GMT &#8211; (GBP) MPC Member Ramsden Speaks<\/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;\"><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-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: 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;\"><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, 114, 188); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/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 1.27%, Shanghai Composite up 0.96%, Hang Seng up 0.48%, ASX up 0.75% Commodities : Gold at $1187.50 (+0.01%), Silver at $14.33 (+0.24%), Brent Oil at $81.44 (+0.07%), WTI Oil at $72.28 (+0.22%) Rates : US 10-year yield at 3.050, UK 10-year yield at 1.589, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-28th-september-japanese-markets-hit-27-year-intraday-high\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 28th September: Japanese markets hit 27 year Intraday high<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28394","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\/28394","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=28394"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28394\/revisions"}],"predecessor-version":[{"id":28395,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28394\/revisions\/28395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27957"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}