{"id":34147,"date":"2019-04-24T16:26:11","date_gmt":"2019-04-24T06:26:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34147"},"modified":"2019-04-24T16:26:11","modified_gmt":"2019-04-24T06:26:11","slug":"wednesday-24th-april-asian-markets-lower-despite-positive-feedback-from-wall-street","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-24th-april-asian-markets-lower-despite-positive-feedback-from-wall-street\/","title":{"rendered":"Wednesday 24th April: Asian markets lower despite positive feedback from Wall Street"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.33%, Shanghai Composite down 0.21%, Hang Seng down 0.55%, ASX up 0.94%<\/li>\n<li>Commodities : Gold at $1271.85 (-0.11%), Silver at $14.76 (-0.22%), Brent Oil at $74.23 (-0.38%), WTI Oil at $66.01 (-0.44%)<\/li>\n<li>Rates : US 10-year yield at 2.554, UK 10-year yield at 1.225, Germany 10-year yield at 0.025<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) Trimmed Mean CPI q\/q 0.30% vs 0.40% expected<\/li>\n<li>(AUD) CPI q\/q 0.00% vs 0.20% expected<\/li>\n<li>Abe, Macron discuss G20 summit, trade, Nissan-Renault alliance, N Korea, Notre Dame<\/li>\n<li>China central bank likely to pause reserve cuts, but policy easing on track: sources<\/li>\n<li>Spanish elections preview: 5 scenarios, mostly EUR\/USD positive, at least at some point<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Wednesday following the record closing highs overnight on Wall Street amid upbeat corporate earnings results.<\/p>\n<p>Investors also digested news that the U.S. will send a high-level delegation to China next week to continue trade talks between the world&#8217;s two largest economies. Crude oil prices retreated in Asian trades from near six-month highs overnight.<\/p>\n<p>The Nikkei 225 in Japan slipped 0.3% in afternoon trade, despite shares of index heavyweight Fast Retailing rising. The Topix index was 0.6% lower. Mainland Chinese shares also slipped by the afternoon, with the Shanghai composite declining 0.2% and the Shenzhen component shedding about 0.53%. Bucking the trend, Australia\u2019s ASX 200 added 0.9%, trading at more than 10-year highs as the sectors mostly advanced. In South Korea, the Kospi dropped 0.9%, with chipmaker SK Hynix falling almost 4%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of six major rivals, gained 0.04 percent to 97.676, near a 22-month high, following strong U.S. housing data. Oil prices surged after the United States ended six months of waivers that allowed Iran&#8217;s eight biggest buyers, most of them in Asia, to continue importing limited volumes of Iranian oil.<\/p>\n<p>Gulf OPEC members said that rather than offset any shortfall resulting from the U.S. decision on waivers, they would raise output only if there was demand.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:00 AM GMT &#8211; (EUR) German Ifo Business Climate<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/li>\n<li>03:00 PM GMT &#8211; (CAD) BOC Monetary Policy Report<\/li>\n<li>03:00 PM GMT &#8211; (CAD) BOC Rate Statement<\/li>\n<li>03:00 PM GMT &#8211; (CAD) Overnight Rate<\/li>\n<li>04:15 PM GMT &#8211; (CAD) BOC Press Conference<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.33%, Shanghai Composite down 0.21%, Hang Seng down 0.55%, ASX up 0.94% Commodities : Gold at $1271.85 (-0.11%), Silver at $14.76 (-0.22%), Brent Oil at $74.23 (-0.38%), WTI Oil at $66.01 (-0.44%) Rates : US 10-year yield at 2.554, UK 10-year yield at 1.225, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-24th-april-asian-markets-lower-despite-positive-feedback-from-wall-street\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 24th April: Asian markets lower despite positive feedback from Wall Street<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":34148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34147","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\/34147","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=34147"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34147\/revisions"}],"predecessor-version":[{"id":34149,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34147\/revisions\/34149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/34148"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}