{"id":34065,"date":"2019-04-17T16:24:04","date_gmt":"2019-04-17T06:24:04","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34065"},"modified":"2019-04-17T16:34:24","modified_gmt":"2019-04-17T06:34:24","slug":"wednesday-17th-april-asian-markets-sideways-markets-look-for-fresh-stimulus","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-17th-april-asian-markets-sideways-markets-look-for-fresh-stimulus\/","title":{"rendered":"Wednesday 17th April: Asian markets sideways &#8211; markets look for fresh stimulus"},"content":{"rendered":"<h3>Global Markets:<\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite up 0.51%, Hang Seng up 0.05%, ASX down 0.37%<\/li>\n<li>Commodities : Gold at $1280.75 (+0.28%), Silver at $15.00 (+0.58%), Brent Oil at $72.05 (+0.46%), WTI Oil at $64.53 (+0.75%)<\/li>\n<li>Rates : US 10-year yield at 2.599, UK 10-year yield at 1.222, Germany 10-year yield at 0.087<\/li>\n<\/ul>\n<h3>News &amp; Data:<\/h3>\n<ul>\n<li>(CNY) Industrial Production y\/y 8.50% vs 5.60% expected<\/li>\n<li>(CNY) Fixed Asset Investment ytd\/y 6.30% vs 6.30% expected<\/li>\n<li>(CNY) GDP q\/y 6.40% vs 6.30% expected<\/li>\n<li>(NZD) CPI q\/q 0.10% vs 0.30% expected<\/li>\n<li>(CAD) Manufacturing Sales m\/m -0.20% vs -0.10% expected<\/li>\n<li>(EUR) German ZEW Economic Sentiment 3.1 vs 0.9 expected<\/li>\n<li>(GBP) Unemployment Rate 3.90% vs 3.90% expected<\/li>\n<li>(GBP) Average Earnings Index 3m\/y 3.50% vs 3.50% expected<\/li>\n<li>Japan pushes Asian Development Bank to end China loans<\/li>\n<li>China Stats Bureau: Final consumption accounted for 65.1 pct of Q1 GDP growth<\/li>\n<\/ul>\n<h3>Markets Update:<\/h3>\n<p>Asian stock markets are mixed on Wednesday despite the modest gains overnight on Wall Street and upbeat Chinese economic data that helped ease worries about a global economic slowdown. The National Bureau of Statistics said that China&#8217;s gross domestic product or GDP expanded 6.4 percent in the first quarter of 2019 on a yearly basis, beating forecasts for an increase of 6.3 percent. In addition, China&#8217;s retail sales growth for March also beat expectations, while its fixed asset investment for the month rose in line with expectations.<\/p>\n<p>Mainland Chinese shares were higher by the morning session\u2019s end, with the Shanghai composite rising by 0.5 percent and the Shenzhen component adding about 1 percent.<\/p>\n<p>Hong Kong\u2019s Hang Seng index was fractionally higher. Japan\u2019s Nikkei 225 advanced 0.3 percent in afternoon trade, with shares of index heavyweight Fanuc rising more than 1 percent. Over in South Korea, the Kospi declined fractionally. Meanwhile, the ASX 200 in Australia fell 0.4 percent as almost all the sectors slipped.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.944 after seeing lows around 96.8 earlier this week. One currency on the move was the New Zealand dollar which sank as far as $0.6668 after annual consumer price inflation came in well below expectations at just 1.5 percent for the first quarter.<\/p>\n<p>In commodity markets, the general improvement in risk sentiment saw spot gold slip to its lowest for the year so far and was last at $1280.75 per ounce. Oil prices were buoyed as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply.<\/p>\n<h3>Upcoming Events:<\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) CPI y\/y<\/li>\n<li>09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/li>\n<li>09:30 AM GMT &#8211; (GBP) RPI y\/y<\/li>\n<li>All Day &#8211; (All) OPEC Meetings<\/li>\n<li>01:30 PM GMT &#8211; (CAD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Trade Balance<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/li>\n<li>02:00 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>05:45 PM GMT &#8211; (USD) FOMC Member Bullard Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite up 0.51%, Hang Seng up 0.05%, ASX down 0.37% Commodities : Gold at $1280.75 (+0.28%), Silver at $15.00 (+0.58%), Brent Oil at $72.05 (+0.46%), WTI Oil at $64.53 (+0.75%) Rates : US 10-year yield at 2.599, UK 10-year yield at 1.222, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-17th-april-asian-markets-sideways-markets-look-for-fresh-stimulus\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 17th April: Asian markets sideways &#8211; markets look for fresh stimulus<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":33388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34065","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=34065"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34065\/revisions"}],"predecessor-version":[{"id":34067,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34065\/revisions\/34067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/33388"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}