{"id":40945,"date":"2020-05-28T18:07:26","date_gmt":"2020-05-28T08:07:26","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=40945"},"modified":"2020-05-28T18:07:26","modified_gmt":"2020-05-28T08:07:26","slug":"thursday-28th-may-asian-markets-seesaw-overall-trends-positive","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-28th-may-asian-markets-seesaw-overall-trends-positive\/","title":{"rendered":"Thursday 28th May: Asian markets seesaw &#8211; overall trends positive"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 2.32%, Shanghai Composite up 0.33%, Hang Seng down 0.81%, ASX up 1.32%<\/li>\n<li>Commodities : Gold at $1718.70 (+0.47%), Silver at $17.85 (+0.51%), Brent Oil at $33.97 (-2.22%), WTI Oil at $31.82 (-3.02%)<\/li>\n<li>Rates : US 10-year yield at 0.690, UK 10-year yield at 0.210, Germany 10-year yield at -0.409<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(NZD) ANZ Business Confidence -41.8 vs -45.6 previous<\/li>\n<li>(AUD) Private Capital Expenditure q\/q -1.60% vs -2.60% expected<\/li>\n<li>Lowe: Repeats negative interest rates extraordinarily unlikely<\/li>\n<li>RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Thursday as optimism about a recovery in growth as more economies reopen and the possibility of further stimulus helped offset worries about rising U.S.-China tensions. Stimulus announcements by Japan and the European Commission on Wednesday helped boost sentiment.<\/p>\n<p>Mainland Chinese stocks were mixed on the day, with the Shanghai composite up 0.3while the Shenzhen component slipped 0.3%. Japanese stocks led gains among the major regional markets, with the Nikkei 225 rising 2.3%.<\/p>\n<p>Hong Kong\u2019s Hang Seng index slipped 0.8%, as of its final hour of trading, with shares of Chinese tech giant Tencent dropping more than 2.5%. Elsewhere, the S&amp;P\/ASX 200 in Australia jumped 1.3% after Reserve Bank of Australia Governor Philip Lowe told lawmakers that \u201cit is possible that the economic downturn will not be severe as earlier thought.\u201d<\/p>\n<p>Crude oil prices drifted lower on Wednesday as worries about outlook for energy demand resurfaced due to rising tensions between the U.S. and China, and on reports of a likely move by Russia to increase crude output next month. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.885 after seeing levels above 99.6 earlier in the trading week.<\/p>\n<p>Yields on 10-year U.S. Treasuries rose slightly to 0.690%. Although 10-year yields are up from an all-time low of 0.4980% struck in March, they are still a whopping 120 basis points below highs seen in January.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>12:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/li>\n<li>12:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Unemployment Claims<\/li>\n<li>02:00 PM GMT &#8211; (USD) Pending Home Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 2.32%, Shanghai Composite up 0.33%, Hang Seng down 0.81%, ASX up 1.32% Commodities : Gold at $1718.70 (+0.47%), Silver at $17.85 (+0.51%), Brent Oil at $33.97 (-2.22%), WTI Oil at $31.82 (-3.02%) Rates : US 10-year yield at 0.690, UK 10-year yield at 0.210, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-28th-may-asian-markets-seesaw-overall-trends-positive\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th May: Asian markets seesaw &#8211; overall trends positive<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":40742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-40945","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\/40945","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=40945"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40945\/revisions"}],"predecessor-version":[{"id":40946,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40945\/revisions\/40946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/40742"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=40945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=40945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=40945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}