{"id":60134,"date":"2023-01-10T20:21:30","date_gmt":"2023-01-10T09:21:30","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=60134"},"modified":"2025-11-11T16:19:37","modified_gmt":"2025-11-11T05:19:37","slug":"tuesday-10th-january-2023asian-markets-trade-lower-on-global-cues","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-10th-january-2023asian-markets-trade-lower-on-global-cues\/","title":{"rendered":"Tuesday 10th January 2023:Asian Markets trade lower on global cues"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.78%, Shanghai Composite down 0.21%, Hang Seng down 0.27%, ASX down 0.28%<\/li>\n\n\n\n<li>Commodities : Gold at $1879.65 (+0.10%), Silver at $23.66 (-0.90%), Brent Oil at $79.09 (-0.70%), WTI Oil at $74.22 (-0.55%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.554, UK 10-year yield at 3.581, Germany 10-year yield at 2.275<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(JPY) Tokyo Core CPI y\/y 4.00% vs 3.80% expected<\/li>\n\n\n\n<li>(JPY) Household Spending y\/y -1.20% vs 0.60% expected<\/li>\n\n\n\n<li>(USD) Consumer Credit m\/m 28.0B vs 25.0B expected<\/li>\n\n\n\n<li>(CAD) Building Permits m\/m 14.10% vs 0.40% expected<\/li>\n\n\n\n<li>(EUR) Unemployment Rate 6.50% vs 6.50% expected<\/li>\n\n\n\n<li>(EUR) Sentix Investor Confidence -17.5 vs -18.1 expected<\/li>\n\n\n\n<li>(EUR) Italian Monthly Unemployment Rate 7.80% vs 7.80% expected<\/li>\n\n\n\n<li>(CHF) Foreign Currency Reserves 784B vs 790B previous<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>&nbsp;Asian stocks ended on a mixed note Tuesday, with hawkish remarks from two Federal Reserve officials and fears of a coming recession weighing on markets. Investors also turned cautious ahead of key U.S. inflation data due this week.&nbsp;<\/p>\n\n\n\n<p>Chinese shares snapped a six-session winning streak as Henan, the country&#8217;s third-most populous province, struggled to keep COVID cases in check. Hong Kong shares, on the other hand, jumped to a six-month high.&nbsp; Japanese shares bucked the weak trend as traders returned to their desks following a public holiday. Australian markets traded lower, with tech stocks and gold miners leading losses.<\/p>\n\n\n\n<p>Prices of most base metals fell on Tuesday from recent rallies driven by top consumer China&#8217;s reopening, as traders gauged the risks of a global economic downturn and weak consumption. Treasury yields fell and the dollar consolidated recent losses while oil prices fell after three consecutive sessions of gains.<\/p>\n\n\n\n<h3>Upcoming Events:<\/h3>\n\n\n\n<ul>\n<li>10:10 AM GMT &#8211; (CAD) BOC Gov Macklem Speaks<\/li>\n\n\n\n<li>10:10 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/li>\n\n\n\n<li>02:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp;Asian stocks ended on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60134"}],"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=60134"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60134\/revisions"}],"predecessor-version":[{"id":60136,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60134\/revisions\/60136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=60134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=60134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=60134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}