{"id":26900,"date":"2018-06-07T11:26:21","date_gmt":"2018-06-07T05:56:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26900"},"modified":"2018-06-14T11:07:06","modified_gmt":"2018-06-14T05:37:06","slug":"thursday-7th-june-asian-markets-rise-on-indications-of-ecb-tightening","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-7th-june-asian-markets-rise-on-indications-of-ecb-tightening\/","title":{"rendered":"Thursday 7th June: Asian markets rise on indications of ECB tightening"},"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 0.80%, Shanghai Composite up 0.06%, Hang Seng up 0.71%, ASX up 0.60%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1301.10 (-0.02%), Silver at $16.70 (+0.01%), Brent Oil at $75.86 (+0.66%), WTI Oil at $65.11 (+0.59%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.972, UK 10-year yield at 1.380, Germany 10-year yield at 0.470<\/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;\">(AUD) Trade Balance 0.98B vs 0.98B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 2.1M vs -2.0M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Building Permits m\/m -4.60% vs -1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance -1.9B vs -3.4B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">France warns Trump that it will not sign a G7 Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China is working to change global commodities trading &mdash; to its own benefit<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">White House Deputy Chief of Staff Hagin is said to Leave: WAPO<\/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;\">Asian stock markets are higher on Thursday following the overnight gains on Wall Street after the European Central Bank indicated it will discuss ending its bond purchasing program at a meeting next week. Receding worries about a full-blown global trade war also boosted investor sentiment. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The renewed rally in global stocks has revived warnings in some quarters that investors are ignoring risks ranging from central banks&rsquo; shift to quantitative tightening to trade tensions and excess American borrowing.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Notable gainers include the technology-heavy Taiwanese stocks, with Taiwan&rsquo;s main index nearing the 27-year high of 11,270 hit on January 23. The index has rallied 4.25 percent since last Wednesday, boosted by the rally in tech stocks and the Nasdaq.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The euro held near a two-week high while Germany&rsquo;s benchmark 10-year bond hit its own two-week high of 0.486 percent growing conviction the European Central Bank would announce as early as next week its intention to end a drawn-out stimulus programme by year-end. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Elsewhere, oil pared losses from a U.S. government report showing a surprise increase in domestic crude stockpiles. Indian bond yields jumped after the Reserve Bank of India raised its key rate for the first time since 2014.<\/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;\">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<li>\n\t\t<span style=\"font-size:14px;\"><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;\"><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><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.80%, Shanghai Composite up 0.06%, Hang Seng up 0.71%, ASX up 0.60% Commodities : Gold at $1301.10 (-0.02%), Silver at $16.70 (+0.01%), Brent Oil at $75.86 (+0.66%), WTI Oil at $65.11 (+0.59%) Rates : US 10-year yield at 2.972, UK 10-year yield at 1.380, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-7th-june-asian-markets-rise-on-indications-of-ecb-tightening\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 7th June: Asian markets rise on indications of ECB tightening<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26900","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\/26900","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=26900"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26900\/revisions"}],"predecessor-version":[{"id":26902,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26900\/revisions\/26902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26602"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}