{"id":64392,"date":"2023-07-10T17:22:51","date_gmt":"2023-07-10T07:22:51","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64392"},"modified":"2025-11-11T15:45:23","modified_gmt":"2025-11-11T04:45:23","slug":"monday-10th-july-2023-mixed-performance-in-asia-pacific-markets-as-investors-await-inflation-reports","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-10th-july-2023-mixed-performance-in-asia-pacific-markets-as-investors-await-inflation-reports\/","title":{"rendered":"Monday 10th July 2023: Mixed Performance in Asia-Pacific Markets as Investors Await Inflation Reports"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.61%, Shanghai Composite up 0.20%, Hang Seng up 0.43%, ASX down 0.54%<\/li>\n\n\n\n<li>Commodities : Gold at $1928.75 (-0.19%), Silver at $23.26 (-0.12%), Brent Oil at $77.94 (-0.67%), WTI Oil at $73.35 (-0.69%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.074, UK 10-year yield at 4.697, Germany 10-year yield at 2.6465<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change 59.9K vs 19.8K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Rate 5.4% vs 5.3% expected<\/li>\n\n\n\n<li>(USD) Average Hourly Earnings m\/m 0.4% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Non-Farm Employment Change 209K vs 224K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate 3.6% vs 3.6% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets exhibited a mixed performance as investors awaited crucial inflation reports, including the U.S. consumer price index and producer price index. China&#8217;s consumer price index remained unchanged in June year-on-year, reaching its lowest level since February 2021. However, producer prices experienced a significant decline of 5.4% year-on-year, the sharpest drop since December 2015. U.S. Treasury Secretary Janet Yellen concluded her visit to Beijing, expressing optimism about the talks and their potential to strengthen bilateral ties.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 extended its losing streak to five days, closing 0.61% lower, while the Topix index also experienced a 0.61% loss. South Korea&#8217;s Kospi closed down 0.24%, marking its fifth consecutive day of losses, and the Kosdaq recorded a loss of 0.8%. Australia&#8217;s S&amp;P\/ASX 200 declined by 0.54%, reaching its lowest level since March 27. However, Hong Kong&#8217;s Hang Seng index rebounded, climbing 0.43%, accompanied by positive performance in mainland Chinese markets.<\/p>\n\n\n\n<p>Furthermore, U.S. markets closed lower on Friday amidst concerns about potential interest rate hikes by the U.S. Federal Reserve. The Labor Department&#8217;s June jobs report indicated that nonfarm payrolls increased by 209,000, falling below expectations and indicating a cooling trend from May. The Dow Jones Industrial Average saw the largest loss of 0.55%, followed by the S&amp;P 500 with a decline of 0.29%, and the Nasdaq Composite with a decrease of 0.13%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>3:00 PM GMT &#8211; GBP BOE Gov Bailey Speaks<\/li>\n\n\n\n<li>4:00 PM GMT &#8211; EUR German Buba President Nagel Speaks<\/li>\n\n\n\n<li>7:00 PM GMT &#8211; USD Consumer Credit m\/m<\/li>\n\n\n\n<li>11:01 PM GMT &#8211; GBP BRC Retail Sales Monitor y\/y<\/li>\n\n\n\n<li>11:50 PM GMT &#8211; JPY M2 Money Stock y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets exhibited a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,195],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64392"}],"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=64392"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64392\/revisions"}],"predecessor-version":[{"id":64395,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64392\/revisions\/64395"}],"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=64392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=64392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=64392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}