{"id":26924,"date":"2018-06-08T11:35:00","date_gmt":"2018-06-08T06:05:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26924"},"modified":"2018-06-14T11:07:05","modified_gmt":"2018-06-14T05:37:05","slug":"friday-8th-june-asian-markets-lower-as-risk-sentiment-sours","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-8th-june-asian-markets-lower-as-risk-sentiment-sours\/","title":{"rendered":"Friday 8th June: Asian markets lower as Risk Sentiment sours"},"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 down 0.45%, Shanghai Composite down 1.41%, Hang Seng down 1.47%, ASX down 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1299.10 (-0.30%), Silver at $16.69 (-0.74%), Brent Oil at $77.00 (-0.41%), WTI Oil at $65.75 (-0.30%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.933, UK 10-year yield at 1.408, Germany 10-year yield at 0.468<\/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;\">(GBP) Halifax HPI m\/m 1.50% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 222K vs 223K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance 157B vs 238B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bernanke Says U.S. Economy Faces `Wile E. Coyote&#39; Moment in 2020<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US Embassy in China sends new alert over mystery health issues<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump to skip climate portion of G7 after Twitter spat with Macron and Trudeau<\/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 markets were lower today, as investors turned more cautious. A variety of factors played into this, the primary being that ECB&rsquo;s massive monetary stimulus would end soon, sometime this year. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Apart from this, the G7 meetings, set to begin in Canada has also spooked investors, given that trade will be a focal point of the discussions, with tensions high after the Twitter escalations between Trump, Trudeau and Macron.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In the Wall Street, technology stocks were the major losers in yesterday&rsquo;s trade. Brazillian assets also made significant losses in yesterday&rsquo;s trade after Brazil&rsquo;s central bank&rsquo;s swap sale wasn&rsquo;t enough to boost the real. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Traders had flocked to Treasuries, igniting gains that at one point pushed the 10-year yield down nine basis points in a matter of minutes. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">A stronger yen, and weak macroeconomic data have aggravated the negative sentiment for Japanese equities &ndash; considering this background, their losses are moderate. ASX is flat, paring the initial opening losses. Chinese and Hong Kong shares hit their lows as China&rsquo;s trade surplus came in narrower than expected.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices were boosted by worries over a steep drop in exports from crisis-plagued Venezuela, which faces the threat of U.S. sanctions.<\/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;\">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<li>\n\t\t<span style=\"font-size:14px;\">All Day &#8211; (All) G7 Meetings&nbsp;&nbsp;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.45%, Shanghai Composite down 1.41%, Hang Seng down 1.47%, ASX down 0.05% Commodities : Gold at $1299.10 (-0.30%), Silver at $16.69 (-0.74%), Brent Oil at $77.00 (-0.41%), WTI Oil at $65.75 (-0.30%) Rates : US 10-year yield at 2.933, UK 10-year yield at 1.408, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-8th-june-asian-markets-lower-as-risk-sentiment-sours\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 8th June: Asian markets lower as Risk Sentiment sours<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26924","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\/26924","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=26924"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26924\/revisions"}],"predecessor-version":[{"id":26926,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26924\/revisions\/26926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26758"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}