{"id":26728,"date":"2018-05-25T11:16:21","date_gmt":"2018-05-25T05:46:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26728"},"modified":"2018-05-31T11:59:22","modified_gmt":"2018-05-31T06:29:22","slug":"friday-25th-may-asian-shares-shaky-on-friday-amid-fragile-market-sentiment-regarding-us-nk-korea-summit","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-25th-may-asian-shares-shaky-on-friday-amid-fragile-market-sentiment-regarding-us-nk-korea-summit\/","title":{"rendered":"Friday 25th May: Asian shares shaky on Friday amid fragile market sentiment regarding US-NK Korea Summit"},"content":{"rendered":"<p>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.20%, Shanghai Composite down 0.20%, Hang Seng down 0.34%, ASX down 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1302.30 (-0.16%), Silver at $16.65 (-0.25%), Brent at $78.65 (-0.18%), WTI Oil at $70.61 (-0.14%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.988, UK 10-year yield at 1.398, Germany 10-year yield at 0.472&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Tokyo Core CPI y\/y 0.50% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage 91B vs 92B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Existing Home Sales 5.46M vs 5.56M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) HPI m\/m 0.10% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Belgian NBB Business Climate 0.2 vs 0.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 234K vs 220K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Corporate Profits q\/q 2.70% vs -1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Retail Sales m\/m 1.60% vs 0.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German GfK Consumer Climate 10.7 vs 10.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Final GDP q\/q 0.30% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD\/JPY Forecast: Downside exposed as risk-off move could gather pace<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Property sector remains central to China&#39;s economy, tighter credit supply constrains growth<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Asian stock markets are mixed on Friday amid cautious trades after U.S. President Donald Trump cancelled the planned historic summit with North Korean leader Kim Jong Un and accused North Korea of displaying &quot;tremendous anger and open hostility&quot;. Lingering worries about trade wars also weighed on investor sentiment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Japanese market recovered after a weak start and is modestly higher following the weak cues from Wall Street. Investor worries eased after North Korea said it is willing to resolve issues with the U.S. despite Trump&#39;s cancellation of the summit. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Australian market is declining following the negative cues from Wall Street. Banks, mining and oil stocks are weak, while gold miners are higher.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The 10-year U.S. Treasuries yield US10YT=RR stood at 2.988 percent, falling further from a seven-year high of 3.128 percent hit a week ago.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices slipped, partly on speculation reduced supplies from Venezuela and Iran could prompt Organization of the Petroleum Exporting Countries (OPEC) to wind down output cuts in place since the start of 2017.<\/span>\n<\/p>\n<p>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t9:30 am GMT &#8211; (GBP) Second Estimate GDP q\/q\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00&nbsp; AM GMT &#8211; (GBP) Prelim Business Investment q\/q<\/span>\n\t<\/li>\n<li>\n\t\t1:00 pm GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">1:30 pm GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00&nbsp; AM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">2:20 pm GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00&nbsp; AM GMT &#8211; (USD) Fed Chair Powell Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">3:00 pm GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">4:45 pm GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15&nbsp; PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36.0pt;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.20%, Shanghai Composite [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/26728"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=26728"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/26728\/revisions"}],"predecessor-version":[{"id":26729,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/26728\/revisions\/26729"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=26728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=26728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=26728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}