{"id":28441,"date":"2018-10-03T11:43:13","date_gmt":"2018-10-03T06:13:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28441"},"modified":"2018-10-03T11:43:13","modified_gmt":"2018-10-03T06:13:13","slug":"wednesday-3rd-october-asian-markets-mostly-lower-euro-rebounds-as-reports-temper-italian-debt-fears","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-3rd-october-asian-markets-mostly-lower-euro-rebounds-as-reports-temper-italian-debt-fears\/","title":{"rendered":"Wednesday 3rd October: Asian Markets Mostly Lower, euro rebounds as reports temper Italian debt fears"},"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 0.63%, ASX up 0.34%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1210.00 (+0.25%), Silver at $14.81 (+0.76%), Brent Oil at $84.85 (+0.06%), WTI Oil at $75.22 (-0.01%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.071, UK 10-year yield at 1.526, Germany 10-year yield at 0.422<\/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 -9.40% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -1.90% vs -1.30% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction PMI 52.1 vs 52.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trade pact clause seen deterring China trade deal with Canada, Mexico<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Shop Prices Rise As Retailers Brace For &lsquo;No-Deal&rsquo; Brexit<\/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 are mostly lower on Wednesday following the mixed cues overnight from Wall Street amid worries about rising U.S.-China tensions. Concerns about Italy&#39;s budget plan and news that Indonesia&#39;s rupiah fell to a new 20-year low also dampened sentiment. Italy will reduce its budget deficit to 2 percent of gross domestic product (GDP) by 2020 from the earlier announced 2.4 percent, local newspaper Corriere Della Sera reported, a pledge that boosted the euro.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Nikkei 225 slipped by 0.64 percent in the morning, while the Topix index declined by 0.56 percent. Shares of major Japanese automakers fell, with Toyota falling by 2.36 percent while Honda saw losses of 3.18 percent. The Australian market is modestly higher following the mixed cues from Wall Street amid lingering worries about rising U.S.-China tensions. Higher metals prices lifted mining stocks, while upbeat local economic data also boosted sentiment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Generally, sentiment was still jittery though even as a new U.S.-Mexico-Canada trade agreement appeared to ease global trade tensions. A controversial clause in the trilateral pact put the focus back on the Sino-U.S. tariff dispute. Chinese markets have taken a hammering this year as investors fretted the trade dispute could put a significant dent on growth.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar&#39;s index, which measures the greenback against a basket of major currencies, was last at 95.314, pulling back from six-week highs of 95.744 set on Tuesday. Gold traded near its highest level in more than a week as investors sought refuge in the safe haven after equity markets weakened. Oil prices held close to four-year highs on supply worries due to Washington&#39;s sanctions on Iran.<\/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;\">09:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (USD) FOMC Member Barkin Speaks<\/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;\">03:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:15 PM GMT &#8211; (USD) FOMC Member Mester Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 PM GMT &#8211; (USD) Fed Chair Powell 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; 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;\"><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><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.63%, ASX up 0.34% Commodities : Gold at $1210.00 (+0.25%), Silver at $14.81 (+0.76%), Brent Oil at $84.85 (+0.06%), WTI Oil at $75.22 (-0.01%) Rates : US 10-year yield at 3.071, UK 10-year yield at 1.526, Germany 10-year yield at 0.422 News &amp; Data: (AUD) Building Approvals &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-3rd-october-asian-markets-mostly-lower-euro-rebounds-as-reports-temper-italian-debt-fears\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 3rd October: Asian Markets Mostly Lower, euro rebounds as reports temper Italian debt fears<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28441","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\/28441","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=28441"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28441\/revisions"}],"predecessor-version":[{"id":28447,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28441\/revisions\/28447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28443"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}