{"id":25895,"date":"2018-04-04T11:33:24","date_gmt":"2018-04-04T06:03:24","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25895"},"modified":"2018-04-04T11:40:19","modified_gmt":"2018-04-04T06:10:19","slug":"wednesday-4th-april-asian-markets-choppy-wall-street-rebounds","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-4th-april-asian-markets-choppy-wall-street-rebounds\/","title":{"rendered":"Wednesday 4th April: Asian markets choppy; Wall Street rebounds"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.10%, Shanghai Composite up 0.31%, Hang Seng down 0.57%, ASX up 0.10%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1338.30 (+0.07%), Silver at $16.40 (+0.05%), WTI Oil at $67.88 (-0.35%), Brent Oil at $63.30 (-0.33%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.781, UK 10-year yield at 1.363, Germany 10-year yield at 0.505<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Caixin Services PMI 52.3 vs 54.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Building Approvals m\/m -6.20% vs -5.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.60% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -0.60% vs -1.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing PMI 55.1 vs 54.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Retail Sales m\/m -0.70% vs 0.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate 1.50% vs 1.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China Commerce Ministry: Will adjust anti-dumping tariffs<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Market volatility a sign that investors are looking for excuses to sell off<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian equities are in a choppy trade today, after Wall Street&rsquo;s rebound yesterday. While the tech rebound has helped shore up the markets, the extensive trade list published by Washington today aggravated trade war fears.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Trump administration announced 25 percent tariffs on $50 billion of annual imports from China, covering around 1,300 industrial technology, transport and medical products. US trade groups reacted negatively to this announcement, citing concerns both about rising input costs and retaliatory tariffs. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">That said, Chinese equities have made gains today, backed by local tech giants. Japan has been oscillating, with razor thin gains at the moment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While the Wall Street rebound caused a selling pressure in yen and gold yesterday, the safe haven currency has made slight gains today. Yesterday&rsquo;s swing in risk sentiment also took a few bps off the bond yields, with 10 year treasury now at 2.78 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Canadian dollar held firm after hitting a nearly five-week high as investors grew more optimistic about the prospect of a NAFTA trade deal. Australian retail sales numbers were positive, thereby boosting the AUD, however, building approvals failed to impress. Gold was largely flat in early trade today, while crude edged lower.<\/span>\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) FOMC Member Mester Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.10%, Shanghai Composite up 0.31%, Hang Seng down 0.57%, ASX up 0.10% Commodities : Gold at $1338.30 (+0.07%), Silver at $16.40 (+0.05%), WTI Oil at $67.88 (-0.35%), Brent Oil at $63.30 (-0.33%) Rates : US 10-year yield at 2.781, UK 10-year yield at 1.363, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-4th-april-asian-markets-choppy-wall-street-rebounds\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 4th April: Asian markets choppy; Wall Street rebounds<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25895","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\/25895","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=25895"}],"version-history":[{"count":4,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25895\/revisions"}],"predecessor-version":[{"id":25899,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25895\/revisions\/25899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25891"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}