{"id":65427,"date":"2023-09-04T17:03:01","date_gmt":"2023-09-04T07:03:01","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65427"},"modified":"2025-11-11T15:34:00","modified_gmt":"2025-11-11T04:34:00","slug":"monday-4th-september-2023-global-markets-begin-the-week-with-mixed-performance","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-4th-september-2023-global-markets-begin-the-week-with-mixed-performance\/","title":{"rendered":"Monday 4th September 2023: Global Markets Begin the Week with Mixed Performance"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.54%, Shanghai Composite up 1.28%, Hang Seng down 2.35%, ASX up 0.56%<\/li>\n\n\n\n<li>Commodities : Gold at $1972.25 (0.23%), Silver at $24.56 (0.00%), Brent Oil at $88.45 (-0.12%), WTI Oil at $85.48 (-0.09%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.199, UK 10-year yield at 4.446, Germany 10-year yield at 2.552<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Non-Farm Employment Change 187K vs 169K expected<\/li>\n\n\n\n<li>(USD) Unemployment rate 3.8% vs 3.5% expected<\/li>\n\n\n\n<li>(CAD) GDP m\/m -0.2% vs -0.2% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>On Monday, Hong Kong&#8217;s Hang Seng index led gains in the region, surging by 2.35%, primarily fueled by a strong performance in property stocks. Concurrently, mainland markets also displayed positive trends, with the CSI 300 index climbing 1.23%. Investors are keeping a close eye on key data releases later in the week, including the Reserve Bank of Australia&#8217;s rate decision and China&#8217;s forthcoming trade balance for August and inflation rate.<\/p>\n\n\n\n<p>In the Asia-Pacific region, the Australian S&amp;P\/ASX 200 index gained 0.56%, while Japan&#8217;s Nikkei 225 saw an increase of 0.54%, and the Topix index rose by 0.64%. South Korea&#8217;s Kospi index hovered just below the flatline, with the Kosdaq index declining by 0.42%.<\/p>\n\n\n\n<p>Turning to the United States, Friday&#8217;s market performance was mixed. Traders were closely scrutinizing the latest U.S. jobs report, which revealed a slight uptick in the unemployment rate to 3.8% for August, its highest level in over a year, contrary to the expected 3.5%. The Dow Jones Industrial Average saw a modest gain of 0.33%, while the S&amp;P 500 index rose by about 0.18%. In contrast, the Nasdaq Composite index recorded a marginal decline of 0.02%.<\/p>\n\n\n\n<p>As the week progresses, market participants remain attentive to further developments, especially the outcomes of important economic events and data releases from both the Asia-Pacific region and the United States, which are likely to influence global market sentiment.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:00 PM GMT &#8211; EUR German Buba President Nagel Speaks<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; EUR ECB President Lagarde Speaks<\/li>\n\n\n\n<li>11:01 PM GMT &#8211; GBP BRC Retail Sales Monitor y\/y<\/li>\n\n\n\n<li>11:30 PM GMT &#8211; JPY Household Spending y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: On Monday, Hong Kong&#8217;s [&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\/65427"}],"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=65427"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65427\/revisions"}],"predecessor-version":[{"id":65436,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65427\/revisions\/65436"}],"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=65427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}