{"id":34721,"date":"2019-05-28T17:03:22","date_gmt":"2019-05-28T07:03:22","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34721"},"modified":"2019-05-28T17:06:01","modified_gmt":"2019-05-28T07:06:01","slug":"tuesday-28th-may-markets-optimistic-as-trump-concludes-japan-visit","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-28th-may-markets-optimistic-as-trump-concludes-japan-visit\/","title":{"rendered":"Tuesday 28th May: Markets optimistic as Trump concludes Japan visit"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 0.79%, Hang Seng up 0.54%, ASX up 0.53%<\/li>\n<li>Commodities : Gold at $1282.55 (-0.08%), Silver at $14.53 (-0.15%), Brent Oil at $68.93 (+0.23%), WTI Oil at $59.31 (+1.16%)<\/li>\n<li>Rates : US 10-year yield at 2.311, UK 10-year yield at 0.959, Germany 10-year yield at -0.138<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(JPY) SPPI y\/y 0.90% vs 1.20% expected<\/li>\n<li>(JPY) BOJ Core CPI y\/y 0.70% vs 0.50% previous<\/li>\n<li>Japan Econ Min Motegi: Comments Made By Trump Show An Aim To Accelerate Talks<\/li>\n<li>Confidence up as RBA cuts loom: ANZ<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Tuesday with modest gains in the absence of fresh cues from Wall Street, which was closed overnight for a holiday. Gains in the major European markets overnight following the results of EU parliamentary elections helped boost sentiment.<\/p>\n<p>Trade issues also remained in investors&#8217; focus after President Donald Trump said that the U.S. was &#8220;not ready&#8221; to make a trade deal with China and is working to reduce its trade deficit with Japan. Trump is currently in Japan on a four-day state visit.<\/p>\n<p>Mainland Chinese stocks were higher in the afternoon, with the Shanghai composite gaining 0.8% and the Shenzhen component adding 0.9%. In Hong Kong, the Hang Seng index was 0.5% higher, as shares of Chinese tech giant Tencent jumped 1.6%.<\/p>\n<p>The Nikkei 225 in Japan added 0.4% in afternoon trade, while the Topix index rose 0.3%. Shares of semiconductor equipment manufacturer Tokyo Electron jumped more than 3% following the announcement of a share buyback, Reuters reported. In South Korea, the Kospi was gained 0.5%. Over in Australia, the ASX 200 advanced 0.5%.<\/p>\n<p>The dollar index, which tracks the greenback against a basket of six major rivals, was 0.20% higher at 97.806. U.S. yields were also lower. Benchmark 10-year Treasury notes yielded 2.3061%. The two-year yield touched 2.1661%. In commodity markets, oil prices wavered after rising more than 1% on Monday on tensions in the Middle East and OPEC-led supply cuts, as well as continuing Russian supply disruptions after a contamination problem discovered last month.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/li>\n<li>10:00 PM GMT &#8211; (NZD) RBNZ Financial Stability Report<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more\u2026<\/a><\/li>\n<li><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 0.79%, Hang Seng up 0.54%, ASX up 0.53% Commodities : Gold at $1282.55 (-0.08%), Silver at $14.53 (-0.15%), Brent Oil at $68.93 (+0.23%), WTI Oil at $59.31 (+1.16%) Rates : US 10-year yield at 2.311, UK 10-year yield at 0.959, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-28th-may-markets-optimistic-as-trump-concludes-japan-visit\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 28th May: Markets optimistic as Trump concludes Japan visit<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":32975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34721","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\/34721","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=34721"}],"version-history":[{"count":3,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34721\/revisions"}],"predecessor-version":[{"id":34724,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34721\/revisions\/34724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/32975"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}