{"id":26993,"date":"2018-06-13T11:31:25","date_gmt":"2018-06-13T06:01:25","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26993"},"modified":"2018-06-19T11:29:31","modified_gmt":"2018-06-19T05:59:31","slug":"wednesday-13th-june-asian-markets-lower-as-investors-await-fed-announcement","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-13th-june-asian-markets-lower-as-investors-await-fed-announcement\/","title":{"rendered":"Wednesday 13th June: Asian markets lower as investor&#8217;s await Fed announcement"},"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 0.38%, Shanghai Composite down 0.48%, Hang Seng down 0.50%, ASX down 0.61%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1299.20 (-0.02%), Silver at $16.86 (-0.21%), Brent Oil at $75.66 (-0.29%), WTI Oil at $66.03 (-0.50%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.968, UK 10-year yield at 1.401, Germany 10-year yield at 0.488<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.20% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m 0.20% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German ZEW Economic Sentiment -16.1 vs -14.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Unemployment Rate 4.20% vs 4.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Claimant Count Change -7.7K vs 11.3K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Average Earnings Index 3m\/y 2.50% vs 2.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">&#39;Leading and laggard firms&#39;: RBA sees economy divided in wage puzzle<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump in surprise summit move says he will halt Korea war games<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump says Iran deal a worse deal than NAFTA: Fox<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets are mostly lower, as they brace for outcomes from the various central bank meetings this week. Investors are on the look-out for the wordings of the Fed&rsquo;s policy statement today &ndash; having already priced in a rate hike announcement today. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Fed is widely expected to raise interest rates for the second time this year after a move in March, but the bigger question for investors is the outlook for future monetary tightening amid an ongoing economic expansion.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Trade frictions between the United States and China are also back on radar ahead of Friday, by when Washington has said it will release a list of some $50 billion worth of Chinese goods that will be subject to a 25 percent tariff. Given this, <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese equities are broadly weaker. ZTE, which started trading again today after the suspension, was down 40% on the Hong Kong markets, as Congress looks to reimpose penalties. The Japanese market is extending gains from the previous session following the mostly positive cues from Wall Street and on a weaker yen. The Australian market is modestly lower, mining and banking being the major losers.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Bonds and dollar are largely unchanged, as investors look forward to the Fed&rsquo;s announcement. Oil under pressure in the post settlement trade after API reported a surprise inventory build.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 AM GMT &#8211; (CHF) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PPI 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;\">07:00 PM GMT &#8211; (USD) FOMC Economic Projections<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 PM GMT &#8211; (USD) FOMC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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; 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;\"><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: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:18.0pt;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.38%, Shanghai Composite down 0.48%, Hang Seng down 0.50%, ASX down 0.61% Commodities : Gold at $1299.20 (-0.02%), Silver at $16.86 (-0.21%), Brent Oil at $75.66 (-0.29%), WTI Oil at $66.03 (-0.50%) Rates : US 10-year yield at 2.968, UK 10-year yield at 1.401, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-13th-june-asian-markets-lower-as-investors-await-fed-announcement\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 13th June: Asian markets lower as investor&#8217;s await Fed announcement<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26993","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\/26993","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=26993"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26993\/revisions"}],"predecessor-version":[{"id":26995,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26993\/revisions\/26995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26994"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}