{"id":65635,"date":"2023-09-18T17:05:34","date_gmt":"2023-09-18T07:05:34","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65635"},"modified":"2025-11-11T15:25:46","modified_gmt":"2025-11-11T04:25:46","slug":"monday-18th-september-2023-asia-pacific-markets-react-to-central-bank-decisions-in-a-volatile-week","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-18th-september-2023-asia-pacific-markets-react-to-central-bank-decisions-in-a-volatile-week\/","title":{"rendered":"Monday 18th September 2023: Asia-Pacific Markets React to Central Bank Decisions in a Volatile Week"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei Closed, Shanghai Composite up 0.28%, Hang Seng down 1.39%, ASX down 0.67%<\/li>\n\n\n\n<li>Commodities : Gold at $1949.45 (0.23%), Silver at $23.40 (0.05%), Brent Oil at $94.61 (0.87%), WTI Oil at $90.85 (0.90%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.346, UK 10-year yield at 4.398, Germany 10-year yield at 2.687<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Empire State Manufacturing Index 1.9 vs -9.9 expected<\/li>\n\n\n\n<li>(USD) Import Prices m\/m 0.5% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Industrial Production m\/m&nbsp; 0.4 vs 0.1 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asian-Pacific markets experienced a decline on Monday as investors anticipated a week filled with central bank decisions. The U.S. Federal Reserve is set to announce its decision early on Thursday in the Asian timezone, and on Tuesday, Australia&#8217;s central bank will unveil the minutes from its September 5th policy meeting.<\/p>\n\n\n\n<p>Meanwhile, on Friday, the Bank of Japan will conclude its monetary policy meeting, with traders eagerly awaiting insights into when the BOJ intends to begin transitioning away from its ultra-easy monetary policy. Additionally, the People&#8217;s Bank of China is expected to disclose its loan prime rate decisions on Friday.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 commenced the week with a 0.67% decline, closing at 7,230.4 points. South Korea&#8217;s Kospi also experienced a 0.92% dip, while the Kosdaq saw a 0.71% slump. Hong Kong&#8217;s Hang Seng index followed suit with a 1.39% drop, but mainland Chinese markets defied the broader trend, with the CSI 300 index gaining 0.43%. Notably, Japan&#8217;s markets remained closed for a public holiday.<\/p>\n\n\n\n<p>In the United States, the preceding Friday witnessed a decrease across all three major indexes. The Dow Jones Industrial Average saw a decline of 0.83%, the S&amp;P 500 dropped by 1.22%, and the Nasdaq Composite experienced a 1.56% decrease.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:15 PM GMT &#8211; CAD Housing Starts<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD NAHB Housing Market Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian-Pacific markets experienced a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65635"}],"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=65635"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65635\/revisions"}],"predecessor-version":[{"id":65643,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65635\/revisions\/65643"}],"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=65635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}