{"id":25146,"date":"2018-02-16T12:28:59","date_gmt":"2018-02-16T06:58:59","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25146"},"modified":"2018-04-16T12:49:38","modified_gmt":"2018-04-16T07:19:38","slug":"friday-16th-february-kudroa-re-appointed-boj-governor","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-16th-february-kudroa-re-appointed-boj-governor\/","title":{"rendered":"Friday 16th February: Kudroa re-appointed BoJ Governor"},"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 1.18%, ASX down 0.08%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1360.70 (+0.40%), Silver at $16.860 (+0.38%), WTI Oil at $61.69 (+0.57%), Brent Oil at $64.67 (+0.53%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.908, UK 10-year yield at 1.646, German 10-year yield at 0.767<a name=\"_GoBack\"><\/a><\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Business NZ Manufacturing Index 55.6 vs 51.1 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Industrial Production m\/m -0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Capacity Utilization Rate 77.50% vs 78.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 230K vs 229K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Philly Fed Manufacturing Index 25.8 vs 21.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Empire State Manufacturing Index 13.1 vs 17.7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PPI m\/m 0.40% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) ADP Non-Farm Employment Change 10.7K vs -13.5K previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Yen strengthens past 106 per dollar; first time since Nov. 2016<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BoJ Gov Kuroda: Japan&#39;s Economy Expanding Moderately But Price Growth Remains Low<\/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;\">China, Hong Kong and Korean markets are shut for trading today on account of the Lunar New Year holiday. The decreased trading volumes can be seen to affect liquidity in the region. However, the Nikkei was seen to be following on the cues from Wall Street, which posted overnight gains. Interestingly, these equity gains come alongside another yield backup. Latest earnings put a damper on the ASX, which is off highs.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japanese Prime Minister Shinzo Abe&#39;s administration reappointed Bank of Japan Governor Haruhiko Kuroda for another five-year term in an indication that the country&#39;s stimulus policy will remain unchanged. JGBs barely reacted to the news &ndash; as it was largely expected, although earlier in the week there were unconfirmed rumors that Abe was having second thoughts.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Reserve Bank of Australia plans to leave interest rates at their current record lows for a while, Governor Philip Lowe said on Friday, while also emphasizing the importance of wage growth in shaping rate outlook.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The 10Year US Treasury, continues to trade above 2.90, following the faster than expected rise in inflation, leading to speculation of faster rate hikes by the Fed. This is also causing USD to decline against the majors, and driving the rally in Gold. Crude continues to extend gains, while bitcoin traded above $10000<\/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;\">09:30 AM GMT &#8211; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Foreign Securities Purchases<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Import Prices m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.18%, ASX down 0.08% Commodities: Gold at $1360.70 (+0.40%), Silver at $16.860 (+0.38%), WTI Oil at $61.69 (+0.57%), Brent Oil at $64.67 (+0.53%) Rates: US 10-year yield at 2.908, UK 10-year yield at 1.646, German 10-year yield at 0.767 News &amp; Data: (NZD) Business NZ Manufacturing Index 55.6 &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-16th-february-kudroa-re-appointed-boj-governor\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 16th February: Kudroa re-appointed BoJ Governor<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25146","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\/25146","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=25146"}],"version-history":[{"count":3,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25146\/revisions"}],"predecessor-version":[{"id":25149,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25146\/revisions\/25149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25132"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}