{"id":40542,"date":"2020-05-05T18:13:46","date_gmt":"2020-05-05T08:13:46","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=40542"},"modified":"2020-05-05T18:13:46","modified_gmt":"2020-05-05T08:13:46","slug":"tuesday-5th-may-asian-markets-gain-as-lockdowns-ease","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-5th-may-asian-markets-gain-as-lockdowns-ease\/","title":{"rendered":"Tuesday 5th May: Asian markets gain as lockdowns ease."},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Hang Seng up 1.04%, ASX up 1.64%<\/li>\n<li>Commodities : Gold at $1703.10 (-0.60%), Silver at $14.84 (+0.28%), Brent Oil at $29.18 (+7.28%), WTI Oil at $22.55 (+10.59%)<\/li>\n<li>Rates : US 10-year yield at 0.670, UK 10-year yield at 0.241, Germany 10-year yield at -0.547<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(EUR) Spanish Unemployment Change 282.9K vs 500.0K expected<\/li>\n<li>(EUR) French Gov Budget Balance -52.5B vs -35.2B previous<\/li>\n<li>(CHF) CPI m\/m -0.40% vs -0.10% expected<\/li>\n<li>(CHF) SECO Consumer Climate -39 vs -40 expected<\/li>\n<li>(AUD) Cash Rate 0.25% vs 0.25% expected<\/li>\n<li>(NZD) ANZ Commodity Prices m\/m -1.10% vs -2.00% previous<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are in positive territory on Tuesday following the overnight gains on Wall Street as a rally in tech stocks and higher crude oil prices helped ease worries about rising U.S.-China tensions. Investor sentiment was also boosted by news that several countries are planning to ease lockdown restrictions. The markets in Japan, China and South Korea are closed for holidays.<\/p>\n<p>Hong Kong\u2019s Hang Seng index rose 1.2% in afternoon trade after closing more than 4% lower on Monday. The city\u2019s government announced on Monday that Hong Kong\u2019s economy contracted 8.9% in the first quarter as compared to a year ago \u2014 its largest decline on record since 1974.<\/p>\n<p>Over in Australia, the S&amp;P\/ASX 200 rose 1.6%, with shares of major banks such as Commonwealth Bank of Australia and Westpac all advancing. That came as the Reserve Bank of Australia announced Tuesday its decision to maintain policy.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 99.572 after seeing an earlier low of 99.361. Crude oil prices moved higher on Monday, extending gains to a fourth straight session, lifted by reports about several countries planning to ease lockdown restrictions.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>Tentative &#8211; (EUR) German Constitutional Court Ruling<\/li>\n<li>08:30 AM GMT &#8211; (GBP) Final Services PMI<\/li>\n<li>12:30 PM GMT &#8211; (CAD) Trade Balance<\/li>\n<li>02:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/li>\n<li>10:45 PM GMT &#8211; (NZD) Employment Change q\/q<\/li>\n<li>10:45 PM GMT &#8211; (NZD) Unemployment Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Hang Seng up 1.04%, ASX up 1.64% Commodities : Gold at $1703.10 (-0.60%), Silver at $14.84 (+0.28%), Brent Oil at $29.18 (+7.28%), WTI Oil at $22.55 (+10.59%) Rates : US 10-year yield at 0.670, UK 10-year yield at 0.241, Germany 10-year yield at -0.547 News &amp; Data: (EUR) Spanish &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-5th-may-asian-markets-gain-as-lockdowns-ease\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 5th May: Asian markets gain as lockdowns ease.<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":40543,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-40542","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\/40542","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=40542"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40542\/revisions"}],"predecessor-version":[{"id":40544,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40542\/revisions\/40544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/40543"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=40542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=40542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=40542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}