Thursday 15 April 2021: Asian markets mixed as investors take the backfoot

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Global Markets:

  • Asian Stock Markets : Nikkei up 0.07%, Shanghai Composite down 0.63%, Hang Seng down 0.50%, ASX up 0.51%
  • Commodities : Gold at $1744.95 (+0.50%), Silver at $25.63 (+0.43%), Brent Oil at $66.82 (+0.36%), WTI Oil at $63.35 (+0.32%)
  • Rates : US 10-year yield at 1.633, UK 10-year yield at 0.804, Germany 10-year yield at -0.261

News & Data:

  • (AUD) Unemployment Rate 5.60% vs 5.70% expected
  • (AUD) Employment Change 70.7K vs 35.2K expected
  • (USD) Crude Oil Inventories -5.9M vs -2.4M expected
  • BOJ chief Kuroda sees Japan economy recovering despite pandemic
  • Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment

Markets Update:

Asian stock markets are mixed in cautious trading on Thursday, following mixed cues overnight from Wall Street. The markets received support from crude oil prices offset by weakness in financial and technology stocks.

Mainland Chinese stocks slipped, with the Shanghai composite down 1.2% while the Shenzhen component declined 1.4%. Hong Kong’s Hang Seng index fell 1.0%. Elsewhere in Japan, the Nikkei 225 advanced fractionally while the Topix index gained 0.4%. South Korea’s Kospi advanced 0.4%.

In currencies, the U.S. dollar was on track for a fourth consecutive day of decline against its major counterparts with the Federal Reserve reiterating that interest rates will stay low for some while yet. In commodities, oil held near one-month highs after climbing nearly 5% on Wednesday on signs of increasing crude demand.

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