{"id":41189,"date":"2020-06-12T18:25:42","date_gmt":"2020-06-12T08:25:42","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=41189"},"modified":"2020-06-12T18:25:42","modified_gmt":"2020-06-12T08:25:42","slug":"friday-12th-june-asian-markets-lower-as-us-tumbles-on-second-wave-fears","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-12th-june-asian-markets-lower-as-us-tumbles-on-second-wave-fears\/","title":{"rendered":"Friday 12th June: Asian markets lower as US tumbles on second wave fears."},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.74%, Shanghai Composite down 0.04%, Hang Seng down 1.11%, ASX down 1.89%<\/li>\n<li>Commodities : Gold at $1737.40 (-0.14%), Silver at $17.71 (-0.99%), Brent Oil at $37.41 (-2.96%), WTI Oil at $35.11 (-3.38%)<\/li>\n<li>Rates : US 10-year yield at 0.684, UK 10-year yield at 0.194, Germany 10-year yield at -0.432<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(GBP) Manufacturing Production m\/m -24.30% vs -15.00% expected<\/li>\n<li>(GBP) GDP m\/m -20.40% vs -18.60% expected<\/li>\n<li>(USD) Unemployment Claims 1542K vs 1550K expected<\/li>\n<li>(USD) PPI m\/m 0.40% vs 0.10% expected<\/li>\n<li>(USD) Core PPI m\/m -0.10% vs -0.10% expected<\/li>\n<li>Japan\u2019s Aso: Economy likely hit bottom<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stocks tumbled in cautious trade on Friday amid concerns that a second wave of coronavirus in the United States could derail economic recovery. About half a dozen American states including Texas and Arizona are grappling with a rising number of coronavirus patients filling hospital beds, reflecting increased testing and loosening of the social distancing restrictions.<\/p>\n<p>Europe is also expected to see a surge of Covid-19 infections in the coming two weeks caused by mass protests in the continent to protest the killing of George Floyd.<\/p>\n<p>China&#8217;s Shanghai Composite index traded flat as investors reassessed the global growth outlook. Hong Kong&#8217;s Hang Seng index was down over 1.1 percent. Japan&#8217;s Nikkei average was down 0.7 percent as the yen hit a one-month high against the dollar after a rout in U.S. shares amid reports of rising coronavirus cases in some states that have reopened. Meanwhile, Australia\u2019s S&amp;P\/ASX 200 declined 1.9%.<\/p>\n<p>The spread between two- and 10-year Treasury yields has narrowed to 48 basis points from a three-month high of 72 basis points reached last week as investors scale back their bets that the U.S. economy will improve. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.762 after rising from levels around 96 earlier.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>02:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.74%, Shanghai Composite down 0.04%, Hang Seng down 1.11%, ASX down 1.89% Commodities : Gold at $1737.40 (-0.14%), Silver at $17.71 (-0.99%), Brent Oil at $37.41 (-2.96%), WTI Oil at $35.11 (-3.38%) Rates : US 10-year yield at 0.684, UK 10-year yield at 0.194, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-12th-june-asian-markets-lower-as-us-tumbles-on-second-wave-fears\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 12th June: Asian markets lower as US tumbles on second wave fears.<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":41190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-41189","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\/41189","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=41189"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/41189\/revisions"}],"predecessor-version":[{"id":41191,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/41189\/revisions\/41191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/41190"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=41189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=41189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=41189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}