{"id":34301,"date":"2019-05-02T16:21:42","date_gmt":"2019-05-02T06:21:42","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34301"},"modified":"2019-05-02T16:21:42","modified_gmt":"2019-05-02T06:21:42","slug":"thursday-2nd-may-asian-markets-mixed-on-fed-comments","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-2nd-may-asian-markets-mixed-on-fed-comments\/","title":{"rendered":"Thursday 2nd May: Asian markets mixed on Fed comments"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite up 0.52%, Hang Seng up 0.57%, ASX down 0.70%<\/li>\n<li>Commodities : Gold at $1273.35 (-0.84%), Silver at $14.65 (-0.52%), Brent Oil at $71.86 (-0.44%), WTI Oil at $63.33 (-0.42%)<\/li>\n<li>Rates : US 10-year yield at 2.505, UK 10-year yield at 1.156, Germany 10-year yield at 0.027<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Federal Funds Rate &lt;2.50% vs &lt;2.50% expected<\/li>\n<li>(USD) ISM Manufacturing PMI 52.8 vs 55 expected<\/li>\n<li>(USD) ADP Non-Farm Employment Change 275K vs 181K expected<\/li>\n<li>(GBP) Net Lending to Individuals m\/m 4.7B vs 4.5B expected<\/li>\n<li>(GBP) Manufacturing PMI 53.1 vs 53.2 expected<\/li>\n<li>US ends Iran oil sanction waivers for Japan, 7 others<\/li>\n<li>New home sales show signs of stabilising: HIA&#8217;s Geordan Murray<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are exhibiting a mixed trend on Thursday following the negative cues overnight from Wall Street after the U.S. Federal Reserve dashed investors&#8217; hopes of a near-term interest rate cut.<\/p>\n<p>In addition, weak commodity prices weighed on resources stocks. The markets in Japan and China are closed for public holidays.Markets in China and Japan are closed for holidays.<\/p>\n<p>In Hong Kong, the Hang Seng index added 0.6% by the morning session\u2019s end as shares of AIA jumped more than 3%. The ASX 200 in Australia, on the other hand, declined 0.7% as majority of the sectors slipped. South Korea\u2019s Kospi gained 0.4% in afternoon trade, as shares of industry heavyweight Samsung Electronics rose 0.11% and chipmaker SK Hynix soared 2.28%.<\/p>\n<p>In currency markets, the greenback took a breather following strong gains overnight after the U.S. Federal Reserve kept the target range for its policy rate unchanged at its May meeting. The dollar index held at 97.631 against a basket of major currencies after going as high as 97.728 on Wednesday. It stood at 111.49 yen after consistently easing from a four-month high of 112.39 touched last week.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>12:00 PM GMT &#8211; (GBP) BOE Inflation Report<\/li>\n<li>12:00 PM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Monetary Policy Summary<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Official Bank Rate<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Asset Purchase Facility<\/li>\n<li>12:00 PM GMT &#8211; (GBP) MPC Asset Purchase Facility Votes<\/li>\n<li>12:30 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite up 0.52%, Hang Seng up 0.57%, ASX down 0.70% Commodities : Gold at $1273.35 (-0.84%), Silver at $14.65 (-0.52%), Brent Oil at $71.86 (-0.44%), WTI Oil at $63.33 (-0.42%) Rates : US 10-year yield at 2.505, UK 10-year yield at 1.156, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-2nd-may-asian-markets-mixed-on-fed-comments\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 2nd May: Asian markets mixed on Fed comments<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":34302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34301","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\/34301","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=34301"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34301\/revisions"}],"predecessor-version":[{"id":34303,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34301\/revisions\/34303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/34302"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}