{"id":39620,"date":"2020-03-11T18:18:47","date_gmt":"2020-03-11T07:18:47","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=39620"},"modified":"2020-03-11T18:18:47","modified_gmt":"2020-03-11T07:18:47","slug":"wednesday-11th-march-markets-lose-steam-as-investors-gauge-us-measures","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-11th-march-markets-lose-steam-as-investors-gauge-us-measures\/","title":{"rendered":"Wednesday 11th March: Markets lose steam as investors gauge US measures."},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 2.27%, Shanghai Composite down 0.94%, Hang Seng down 1.12%, ASX down 3.60%<\/li>\n<li>Commodities : Gold at $1666.20 (+0.36%), Silver at $17.07 (+0.70%), Brent Oil at $37.42 (+0.54%), WTI Oil at $34.30 (-0.17%)<\/li>\n<li>Rates : US 10-year yield at 0.677, UK 10-year yield at 0.281, Germany 10-year yield at -0.811<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) Westpac Consumer Sentiment -3.80% vs 2.30% previous<\/li>\n<li>(GBP) 10-y Bond Auction 0.31|2.2 vs 0.51|2.2 previous<\/li>\n<li>(EUR) Revised GDP q\/q 0.10% vs 0.10% expected<\/li>\n<li>(EUR) Final Employment Change q\/q 0.30% vs 0.30% expected<\/li>\n<li>(EUR) Italian Industrial Production m\/m 3.70% vs 1.60% expected<\/li>\n<li>(EUR) French Industrial Production m\/m 1.20% vs 1.80% expected<\/li>\n<li>(EUR) French Final Private Payrolls q\/q 0.50% vs 0.20% expected<\/li>\n<li>(JPY) Prelim Machine Tool Orders y\/y -30.10% vs -35.60% previous<\/li>\n<li>RBA&#8217;s Debelle Says Fiscal, Monetary Policy To Support Economy<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Stocks in major Asia Pacific markets tumbled in Wednesday afternoon trade as investors continue to watch for developments around government stimulus with the coronavirus continuing to spread.<\/p>\n<p>Growing scepticism about Washington&#8217;s stimulus package to fight the coronavirus outbreak also knocked the steam out of an earlier rally.Mainland Chinese stocks were down in afternoon trade, with the Shanghai composite around 0.9% lower and the Shenzhen component down more than 1.5%. In Hong Kong, the Hang Seng index was 1.1% lower.<\/p>\n<p>In South Korea, the KOSPI plunged 2.8%. Stocks in Australia also saw sharp declines as the S&amp;P\/ASX 200 dropped 3.6% to close at 5,725.90.<\/p>\n<p>Oil prices pared earlier gains but remained higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures advancing 0.5%. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.after an earlier high of 96.396.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) GDP m\/m<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/li>\n<li>11:30 AM GMT &#8211; (GBP) Annual Budget Release<\/li>\n<li>12:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Core CPI m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 2.27%, Shanghai Composite down 0.94%, Hang Seng down 1.12%, ASX down 3.60% Commodities : Gold at $1666.20 (+0.36%), Silver at $17.07 (+0.70%), Brent Oil at $37.42 (+0.54%), WTI Oil at $34.30 (-0.17%) Rates : US 10-year yield at 0.677, UK 10-year yield at 0.281, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-11th-march-markets-lose-steam-as-investors-gauge-us-measures\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 11th March: Markets lose steam as investors gauge US measures.<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":39621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-39620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39620","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=39620"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39620\/revisions"}],"predecessor-version":[{"id":39622,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39620\/revisions\/39622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/39621"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=39620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=39620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=39620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}