{"id":26844,"date":"2018-06-04T11:14:41","date_gmt":"2018-06-04T05:44:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26844"},"modified":"2018-06-14T11:07:59","modified_gmt":"2018-06-14T05:37:59","slug":"monday-4th-june-asian-markets-gain-on-upbeat-us-jobs-data","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-4th-june-asian-markets-gain-on-upbeat-us-jobs-data\/","title":{"rendered":"Monday 4th June: Asian markets gain on upbeat US jobs data"},"content":{"rendered":"<p>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 1.50%, Shanghai Composite up 0.57%, Hang Seng up 1.48%, ASX up 0.47%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1295.00 (-0.33%), Silver at $16.40 (-0.28%), Brent Oil at $76.45 (-0.44%), WTI Oil at $65.77 (-0.06%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.919, UK 10-year yield at 1.284, Germany 10-year yield at 0.378<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing PMI 58.7 vs 58.3 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Rate 3.80% vs 3.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Non-Farm Employment Change 223K vs 189K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Average Hourly Earnings m\/m 0.30% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing PMI 54.4 vs 53.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Caixin Manufacturing PMI 51.1 vs 51.3 expected<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>CFTC Positioning Data (Week Ending May 29th, 2018)<\/strong><\/span>\n<\/p>\n<ul>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">EUR long 93K vs 115K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">GBP long 9K vs 6K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">JPY short 8K vs 4K long last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CHF short 43K vs 36K short last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CAD short 24K vs 28K short last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">AUD short 21k vs&nbsp;23K&nbsp;short&nbsp;last week.&nbsp;<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">NZD long 1K vs 2K long last week.<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded mostly higher today as upbeat US jobs data on Friday helped shore up investor sentiment, after being let down by heightening trade tensions, which could possibly drag on global economic growth. President Trump also indicated that his meeting with North Korean President Kim Jong Un is back on, also viewed positively by investors.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Japanese market is rising with investor sentiment bolstered by the gains on Wall Street. Exporters&#39; shares were also lifted by a weaker yen. In economic news, the Bank of Japan said that the monetary base in Japan was up 8.1 percent on year in May, coming in at 492.969 trillion yen. That follows the 7.8 percent increase in April. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Australian markets are also trading higher, with upbeat local economic data also lifting investor sentiment. Banks and mining stocks are among the leading gainers.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Finance leaders of the closest U.S. allies vented anger over the Trump administration&rsquo;s metal import tariffs on Saturday, setting up a heated fight at a G7 summit next week in Quebec.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">In a rare show of division among the normally harmonious club of wealthy nations, the six other G7 member countries issued a statement asking U.S. Treasury Secretary Steven Mnuchin to convey their &ldquo;unanimous concern and disappointment&rdquo; about the tariffs to President Donald Trump.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Monday, June 4<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Company Operating Profits q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (GBP) MPC Member Tenreyro Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, June 5<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:45 AM GMT &#8211; (CNY) Caixin Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 AM GMT &#8211; (AUD) Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 AM GMT &#8211; (AUD) RBA Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) MPC Member Cunliffe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Labor Productivity q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, June 6<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:40 AM GMT &#8211; (GBP) MPC Member Tenreyro Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:00 PM GMT &#8211; (GBP) MPC Member McCafferty Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, June 7<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Halifax HPI m\/m<\/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;\">04:00 PM GMT &#8211; (GBP) MPC Member Ramsden Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:15 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, June 8<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (CNY) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.50%, Shanghai Composite up 0.57%, Hang Seng up 1.48%, ASX up 0.47% Commodities : Gold at $1295.00 (-0.33%), Silver at $16.40 (-0.28%), Brent Oil at $76.45 (-0.44%), WTI Oil at $65.77 (-0.06%) Rates : US 10-year yield at 2.919, UK 10-year yield at 1.284, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-4th-june-asian-markets-gain-on-upbeat-us-jobs-data\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 4th June: Asian markets gain on upbeat US jobs data<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26844","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\/26844","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=26844"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26844\/revisions"}],"predecessor-version":[{"id":26845,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26844\/revisions\/26845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26832"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}