{"id":64440,"date":"2023-07-13T16:57:54","date_gmt":"2023-07-13T06:57:54","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64440"},"modified":"2025-11-11T15:44:37","modified_gmt":"2025-11-11T04:44:37","slug":"thursday-13th-july-2023-asia-pacific-markets-rise-as-us-inflation-rate-falls-below-expectations-boosting-investor-sentiment","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-13th-july-2023-asia-pacific-markets-rise-as-us-inflation-rate-falls-below-expectations-boosting-investor-sentiment\/","title":{"rendered":"Thursday 13th July 2023: Asia-Pacific Markets Rise as US Inflation Rate Falls Below Expectations, Boosting Investor Sentiment"},"content":{"rendered":"\n<h3><br \/><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.49%, Shanghai Composite up 1.29%, Hang Seng up 2.53%, ASX up 1.56%<\/li>\n\n\n\n<li>Commodities : Gold at $1966.65 (+0.25%), Silver at $24.42 (+0.51%), Brent Oil at $80.31 (+0.25%), WTI Oil at $75.92 (+0.23%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.839, UK 10-year yield at 4.571, Germany 10-year yield at 2.508<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) CPI m\/m 0.2% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) CPI y\/y 3.0% vs 3.1% expected<\/li>\n\n\n\n<li>(USD) Core CPI m\/m 0.2% vs 0.3% expected<\/li>\n\n\n\n<li>(GBP) GDP m\/m -0.1% vs -0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets experienced widespread gains on Thursday as the U.S. inflation rate for June fell below expectations at 3%, marking the smallest year-over-year increase in two years. Economists polled by Dow Jones had anticipated a rate of 3.1%. Furthermore, both the month-over-month inflation rate and the core Consumer Price Index (CPI), which excludes volatile food and energy prices, rose less than forecasted.<\/p>\n\n\n\n<p>&nbsp;Hong Kong&#8217;s Hang Seng index led the region&#8217;s gains with a surge of 2.53%, while the Hang Seng Tech index soared over 3%. Mainland Chinese markets also saw positive movement, with the Shanghai Composite rising by 1.29% and the Shenzhen Component experiencing a larger gain of 1.63%. However, China&#8217;s June trade data came in below expectations, indicating the largest decline in exports in over three years.<\/p>\n\n\n\n<p>In South Korea, the Kospi index rose by 0.81% and the Kosdaq saw a gain of 1.33% following the Bank of Korea&#8217;s decision to hold its key policy rate unchanged at 3.5%, aligning with expectations. Australia&#8217;s S&amp;P\/ASX 200 continued its winning streak, closing at 7,246.9 with a gain of 1.56% over three consecutive days. In Japan, the Nikkei 225 climbed by 1.49% to reach 32,419, while the Topix index registered a 0.97% increase, closing at 2,242.99.&nbsp;<\/p>\n\n\n\n<p>Overall, Asia-Pacific markets displayed significant gains as the U.S. inflation rate for June came in below expectations. While China&#8217;s trade data fell short of expectations, the positive market performance was driven by the news of lower inflation rates, providing a boost to investor sentiment.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Core PPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD PPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>6:00 PM GMT &#8211; USD Federal Budget Balance<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets experienced widespread [&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\/64440"}],"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=64440"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64440\/revisions"}],"predecessor-version":[{"id":64446,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64440\/revisions\/64446"}],"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=64440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=64440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=64440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}