{"id":26863,"date":"2018-06-05T11:26:23","date_gmt":"2018-06-05T05:56:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26863"},"modified":"2018-06-14T11:07:58","modified_gmt":"2018-06-14T05:37:58","slug":"tuesday-5th-june-asian-markets-pause-to-catch-breath","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-5th-june-asian-markets-pause-to-catch-breath\/","title":{"rendered":"Tuesday 5th June: Asian markets pause to catch breath"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian Stock Markets : Nikkei up 0.15%, Shanghai Composite up 0.42%, Hang Seng up 0.40%, ASX down 0.36%\n\t<\/li>\n<li>\n\t\tCommodities : Gold at $1294.50 (-0.22%), Silver at $16.40 (-0.22%), Brent Oil at $75.45 (+0.21%), WTI Oil at $65.02 (+0.42%)\n\t<\/li>\n<li>\n\t\tRates : US 10-year yield at 2.939, UK 10-year yield at 1.298, Germany 10-year yield at 0.425\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t(AUD) Cash Rate 1.50% vs 1.50% expected\n\t<\/li>\n<li>\n\t\t(CNY) Caixin Services PMI 52.9 vs 52.9 expected\n\t<\/li>\n<li>\n\t\t(AUD) Current Account -10.5B vs -9.9B expected\n\t<\/li>\n<li>\n\t\t(GBP) Construction PMI 52.5 vs 52 expected\n\t<\/li>\n<li>\n\t\t(AUD) Company Operating Profits q\/q 5.90% vs 3.10% expected\n\t<\/li>\n<li>\n\t\t(AUD) Retail Sales m\/m 0.40% vs 0.30% expected\n\t<\/li>\n<li>\n\t\tExports, government spending seen boosting Australia&#39;s first quarter economic growth\n\t<\/li>\n<li>\n\t\tChina shows derisking is progressing in some areas, with some advances in structural change; policy trade-offs are arising\n\t<\/li>\n<li>\n\t\tSweltering May Sees British Consumers Head to the Stores\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stocks steadied up today, after yesterday&rsquo;s rally, although cues from the Wall Street remained positive. Investors continue to remain in a risk-on mood, although Treasuries made slight gains today, after four consecutive sessions of declines. Investor focus looks to have shifted to bullish economic fundamentals, rather than trade war concerns.\n<\/p>\n<p>\n\tJapanese stocks pared initial gains to trade modestly higher, supported by a weaker yen. Australian stocks are on the decline, as weaker commodity prices pulled down commodity names. Markets were fluctuating in Singapore and North Korea in today&rsquo;s trade. The Shanghai Composite gained, after data showed China&rsquo;s services sector expanded at a steady pace in May.\n<\/p>\n<p>\n\tThe 10-year U.S. Treasury note yield stood near an 11-day high of 2.946 percent brushed overnight. The yield had declined to a 1-1\/2-month low of 2.759 percent a week ago when Italian political concerns had soured investor sentiment. The dollar index was slightly in the green in today&rsquo;s trade, as rising yields, and euro weakness helped the greenback.\n<\/p>\n<p>\n\tCrude oil prices rose in Asian trades after falling to a near two-year low overnight. However, growing U.S. production and expectations of higher OPEC supplies are seen to limit the bounceback.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 AM GMT &#8211; (GBP) Services PMI\n\t<\/li>\n<li>\n\t\t11:00 AM GMT &#8211; (GBP) MPC Member Cunliffe Speaks\n\t<\/li>\n<li>\n\t\t01:30 PM GMT &#8211; (CAD) Labor Productivity q\/q\n\t<\/li>\n<li>\n\t\t02:00 PM GMT &#8211; (EUR) ECB President Draghi Speaks\n\t<\/li>\n<li>\n\t\t03:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\tTentative &#8211; (NZD) GDT Price Index\n\t<\/li>\n<li>\n\t\t06:30 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks\n\t<\/li>\n<li>\n\t\t<span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.15%, Shanghai Composite up 0.42%, Hang Seng up 0.40%, ASX down 0.36% Commodities : Gold at $1294.50 (-0.22%), Silver at $16.40 (-0.22%), Brent Oil at $75.45 (+0.21%), WTI Oil at $65.02 (+0.42%) Rates : US 10-year yield at 2.939, UK 10-year yield at 1.298, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-5th-june-asian-markets-pause-to-catch-breath\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 5th June: Asian markets pause to catch breath<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26863","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\/26863","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=26863"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26863\/revisions"}],"predecessor-version":[{"id":26864,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26863\/revisions\/26864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26588"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}