{"id":25126,"date":"2018-02-15T11:31:31","date_gmt":"2018-02-15T06:01:31","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25126"},"modified":"2018-04-16T12:49:39","modified_gmt":"2018-04-16T07:19:39","slug":"thursday-15th-february-markets-ignore-higher-inflation-numbers","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-15th-february-markets-ignore-higher-inflation-numbers\/","title":{"rendered":"Thursday 15th February: Markets ignore higher inflation numbers"},"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 up 1.51%, Hang Seng up 1.75%, ASX up 1.16%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1357.80 (-0.04%), Silver at $16.890 (+0.07%), WTI Oil at $61.45 (+1.40%), Brent Oil at $65.6 (+1.09%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.913, UK 10-year yield at 1.645, German 10-year yield at 0.761<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><span style=\"font-size:14px;\">&nbsp;&nbsp;<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Unemployment Rate 5.50% vs 5.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Employment Change 16.0K vs 15.3K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 1.8M vs 2.8M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m -0.30% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m 0.00% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.30% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m 0.50% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash GDP q\/q 0.60% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim GDP q\/q 0.60% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fitch affirms New Zealand AA rating; outlook stable<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan&#39;s Abe, Trump agree to keep up pressure on North Korea<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">The inflation bullet seems to be dead on arrival for the markets, as Wall Street chose to brush off the increased numbers, and closed with a 1% gain on Wednesday. Echoing the sentiment, Asian markets extended their rebound, with Hong Kong leading the rally from the front. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The surprisingly heavy drop in retail sales helped calm investors, in light of higher than expected inflation numbers for January &ndash; leading to higher Treasury yields. The 10 year US treasury yield is now at 2.90<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The rise in the yen continues to hurt exporters, slowing the Nikkei, which was still trading in the green. Chinese and Korean markets are closed today on account of the Lunar New Year. The thin liquidity in the open markets can also be a reason for the magnified gains today.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The US dollar index has been on the decline. The yen has been at 15 month highs, while the euro has been making solid gains on the back of the German economic growth numbers. Aussie dollar was largely unchanged after the in-line Australian jobs print. Gold has also been on the rise, supported by the weaker dollar. Crude extended yesterday&rsquo;s gains, after the Saudi energy minister hinted that key producers will continue to cap outputs.<\/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) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Empire State Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Philly Fed Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (USD) Capacity Utilization Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (USD) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 PM GMT &#8211; (CAD) Gov Council Member Schembri Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:30 PM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.51%, Hang Seng up 1.75%, ASX up 1.16% Commodities: Gold at $1357.80 (-0.04%), Silver at $16.890 (+0.07%), WTI Oil at $61.45 (+1.40%), Brent Oil at $65.6 (+1.09%) Rates: US 10-year yield at 2.913, UK 10-year yield at 1.645, German 10-year yield at 0.761 News &amp; Data:&nbsp;&nbsp; (AUD) Unemployment &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-15th-february-markets-ignore-higher-inflation-numbers\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 15th February: Markets ignore higher inflation numbers<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25126"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25126\/revisions"}],"predecessor-version":[{"id":25127,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25126\/revisions\/25127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25114"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}