{"id":45654,"date":"2021-03-11T19:47:26","date_gmt":"2021-03-11T08:47:26","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=45654"},"modified":"2021-03-14T16:33:30","modified_gmt":"2021-03-14T05:33:30","slug":"thursday-11th-march-2021-markets-gain-as-inflation-fears-cool","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-11th-march-2021-markets-gain-as-inflation-fears-cool\/","title":{"rendered":"Thursday 11th March 2021: Markets gain as inflation fears cool"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.60%, Shanghai Composite up 2.36%, Hang Seng up 1.34%, ASX up 0.00%<\/li>\n<li>Commodities : Gold at $1736.60 (+0.86%), Silver at $26.52 (+1.49%), Brent Oil at $68.39 (+0.72%), WTI Oil at $64.98 (+0.84%)<\/li>\n<li>Rates : US 10-year yield at 1.502, UK 10-year yield at 0.698, Germany 10-year yield at -0.331<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) 10-y Bond Auction 1.52|2.4 vs 1.16|2.4 previous<\/li>\n<li>(USD) Crude Oil Inventories 13.8M vs 3.0M expected<\/li>\n<li>(CAD) Overnight Rate 0.25% vs 0.25% expected<\/li>\n<li>(USD) Core CPI m\/m 0.10% vs 0.20% expected<\/li>\n<li>(USD) CPI m\/m 0.40% vs 0.40% expected<\/li>\n<li>Canada Housing May Be in a History-Making Bubble, Rosenberg Says<\/li>\n<li>Japan&#8217;s wholesale price falls narrow in Feb. as pandemic impact eases<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Thursday, following positive cues overnight from Wall Street. Investors are largely upbeat about a global economic recovery after the landmark $1.9 trillion coronavirus relief package was passed by the U.S. House of Representatives, awaiting Joe Biden&#8217;s final approval. Technology stocks are taking a hit following recent sharp gains.<\/p>\n<p>The Nikkei 225 in Japan rose 0.6%, while the Topix index added 0.3%,. The Japanese market in recent sessions had struggled to hold onto gains. In South Korea, the Kospi rose 1.9%. Hong Kong\u2019s Hang Seng Index added 1.5% in late-afternoon trade.<\/p>\n<p>Chinese mainland shares also rose Thursday after struggling in recent sessions as authorities in Beijing set a relatively low GDP target and signaled a shift away from measures designed to keep the economy afloat. The Shanghai composite rose 2.4% while the Shenzhen component added 2.2%.<\/p>\n<p>Oil prices resumed their climb following two days of declines, after the Energy Information Administration reported a bigger-than-expected storage build. The U.S. Labor Department said its consumer price index rose 0.4% in February, in line with expectations, after a 0.3% increase in January. Core CPI, which excludes volatile food and energy components, edged up 0.1%, just shy of the 0.2% estimate.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>12:45 PM GMT &#8211; (EUR) Monetary Policy Statement<\/li>\n<li>12:45 PM GMT &#8211; (EUR) Main Refinancing Rate<\/li>\n<li>01:30 PM GMT &#8211; (EUR) ECB Press Conference<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Asian stock markets are mostly higher on Thursday, following positive cues overnight from Wall Street. <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,339,195],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/45654"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=45654"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/45654\/revisions"}],"predecessor-version":[{"id":45656,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/45654\/revisions\/45656"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=45654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=45654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=45654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}