{"id":28482,"date":"2018-10-05T12:00:21","date_gmt":"2018-10-05T06:30:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28482"},"modified":"2018-10-05T12:00:21","modified_gmt":"2018-10-05T06:30:21","slug":"friday-5th-october-asian-markets-lower-as-ustr-hits-7-year-high","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-5th-october-asian-markets-lower-as-ustr-hits-7-year-high\/","title":{"rendered":"Friday 5th October: Asian Markets lower as USTR hits 7 year 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 down 0.39%, ASX up 0.19%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1202.20 (+0.05%), Silver at $14.60 (+0.07%), Brent Oil at $84.97 (+0.46%), WTI Oil at $74.81 (+0.65%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.197, UK 10-year yield at 1.669, Germany 10-year yield at 0.528<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.30% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Average Cash Earnings y\/y 0.90% vs 1.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Ivey PMI 50.4 vs 62.3 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar boosted as U.S. Treasury yields hit seven-year high<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Elon Musk mocks SEC amid settlement deal<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan August real wages fall as rising gasoline prices threaten consumption<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian shares wobbled on Friday after benchmark U.S. Treasury yields surged to a fresh seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The yield on the benchmark 10-year note hit a fresh seven-year high of 3.232 percent overnight following data released the previous day that was seen as increasing the odds a Friday payrolls report would also be stronger than expected.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is notably lower, with a stronger yen and the negative cues overnight from Wall Street after a jump in U.S. treasury yields dampening sentiment. The Nikkei 225 made a partial recovery but remained lower by 0.39 percent in the morning, while the Topix index traded down by 0.22 percent, with most sectors still lower. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Down Under, the ASX 200 bucked the overall trend to trade up by 0.2 percent, with the energy sector higher by 0.3 percent. China&#39;s markets are closed for the Golden Week holiday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The U.S. dollar was steady but lingered near recent highs against the euro and the yen as investors assessed U.S. economic data and the Fed&rsquo;s remarks. The dollar index was flat at 95.786, with the euro softening 0.1 percent to $1.1508. The Japanese yen was little changed versus the greenback at 113.89 per dollar. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Investors are expected to scour the U.S. government&#39;s September payroll report scheduled for release on Friday and look closely for signs of wage growth, especially in light of anecdotal indications of rising wages.<\/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;\">01:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:40 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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; background-color: initial;\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.39%, ASX up 0.19% Commodities : Gold at $1202.20 (+0.05%), Silver at $14.60 (+0.07%), Brent Oil at $84.97 (+0.46%), WTI Oil at $74.81 (+0.65%) Rates : US 10-year yield at 3.197, UK 10-year yield at 1.669, Germany 10-year yield at 0.528 News &amp; Data: (AUD) Retail Sales &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-5th-october-asian-markets-lower-as-ustr-hits-7-year-high\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 5th October: Asian Markets lower as USTR hits 7 year high<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28482","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\/28482","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=28482"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28482\/revisions"}],"predecessor-version":[{"id":28494,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28482\/revisions\/28494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28432"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}