{"id":40826,"date":"2020-05-21T18:27:11","date_gmt":"2020-05-21T08:27:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=40826"},"modified":"2020-05-21T18:27:11","modified_gmt":"2020-05-21T08:27:11","slug":"thursday-21st-may-asian-markets-lose-on-japan-data","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-21st-may-asian-markets-lose-on-japan-data\/","title":{"rendered":"Thursday 21st May: Asian markets lose on Japan data."},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.21%, Shanghai Composite down 0.55%, Hang Seng down 0.67%, ASX down 0.41%<\/li>\n<li>Commodities : Gold at $1737.95 (-0.81%), Silver at $17.75 (-1.59%), Brent Oil at $36.28 (+1.48%), WTI Oil at $34.16 (+2.00%)<\/li>\n<li>Rates : US 10-year yield at 0.669, UK 10-year yield at 0.203, Germany 10-year yield at -0.489<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(EUR) German Flash Services PMI 31.4 vs 26.3 expected<\/li>\n<li>(EUR) German Flash Manufacturing PMI 36.8 vs 39.3 expected<\/li>\n<li>(EUR) French Flash Manufacturing PMI 40.3 vs 36 expected<\/li>\n<li>(EUR) French Flash Services PMI 29.4 vs 27.9 expected<\/li>\n<li>(CAD) CPI m\/m -0.70% vs -0.60% expected<\/li>\n<li>(GBP) CPI y\/y 0.80% vs 0.90% expected<\/li>\n<li>Recession-hit Japan\u2019s exports, imports fall due to pandemic<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stocks were mixed on Thursday in a somewhat volatile session, with some indexes giving up gains from earlier in the session.<\/p>\n<p>Investors were looking ahead to a key policy gathering in China that may yield more economic stimulus, while recent data from around the world reinforced views that a sustainable recovery may not come for several months. Japan\u2019s trade data for April released by the country\u2019s Ministry of Finance on Thursday showed exports in April plunging 21.9% as compared to a year earlier. That was less than the 22.7% drop predicted by economists in a Reuters poll.<\/p>\n<p>In Japan, the Nikkei 225 closed 0.2% lower while the Topix index finished its trading day 0.2%. Mainland Chinese stocks dipped on the day, with the Shanghai composite 0.6% while the Shenzhen component declined 0.9%. Shares in Australia slipped by the close, with the S&amp;P\/ASX 200 down 0.4%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 99.303 after touching levels around 99 earlier. The greenback also gained against the Australian and New Zealand dollars in a sign that some investors remain averse to risk.<\/p>\n<p>The minutes of the U.S. Federal Reserve\u2019s April 28-29 Federal Open Market Committee meeting released overnight said that the virus posed both a severe economic threat and a risk to financial stability. At the same time, they reaffirmed a pledge to keep interest rates near zero until they are confident the economy is on track to recovery.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>08:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/li>\n<li>08:00 AM GMT &#8211; (EUR) Flash Services PMI<\/li>\n<li>08:30 AM GMT &#8211; (GBP) Flash Manufacturing PMI<\/li>\n<li>08:30 AM GMT &#8211; (GBP) Flash Services PMI<\/li>\n<li>12:30 PM GMT &#8211; (USD) Philly Fed Manufacturing Index<\/li>\n<li>12:30 PM GMT &#8211; (USD) Unemployment Claims<\/li>\n<li>01:45 PM GMT &#8211; (USD) Flash Manufacturing PMI<\/li>\n<li>06:30 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>10:45 PM GMT &#8211; (NZD) Retail Sales q\/q<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.21%, Shanghai Composite down 0.55%, Hang Seng down 0.67%, ASX down 0.41% Commodities : Gold at $1737.95 (-0.81%), Silver at $17.75 (-1.59%), Brent Oil at $36.28 (+1.48%), WTI Oil at $34.16 (+2.00%) Rates : US 10-year yield at 0.669, UK 10-year yield at 0.203, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-21st-may-asian-markets-lose-on-japan-data\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 21st May: Asian markets lose on Japan data.<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":40827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-40826","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\/40826","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=40826"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40826\/revisions"}],"predecessor-version":[{"id":40828,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40826\/revisions\/40828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/40827"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=40826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=40826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=40826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}