{"id":65652,"date":"2023-09-19T16:21:33","date_gmt":"2023-09-19T06:21:33","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65652"},"modified":"2025-11-11T15:25:29","modified_gmt":"2025-11-11T04:25:29","slug":"tuesday-19th-september-2023-asia-pacific-declines-amid-inflation-concerns-and-u-s-rate-decision-anticipation","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-19th-september-2023-asia-pacific-declines-amid-inflation-concerns-and-u-s-rate-decision-anticipation\/","title":{"rendered":"Tuesday 19th September 2023: Asia-Pacific Declines Amid Inflation Concerns and U.S. Rate Decision Anticipation"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.80, Shanghai Composite down 0.08%, Hang Seng down 0.01%, ASX down 0.47%<\/li>\n\n\n\n<li>Commodities : Gold at $1951.45 (-0.07%), Silver at $23.42 (-0.35%), Brent Oil at $94.86 (0.47%), WTI Oil at $91.15 (0.65%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.321, UK 10-year yield at 4.445, Germany 10-year yield at 2.705<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Housing Starts 253K vs 257K expected<\/li>\n\n\n\n<li>(CAD) IPPI m\/m 1.3% vs 0.5% expected<\/li>\n\n\n\n<li>(CAD) RMPI m\/m&nbsp; 3.0% vs 3.8% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Across the Asia-Pacific region, stock markets experienced widespread declines, driven by the scrutiny of minutes from the Reserve Bank of Australia&#8217;s policy meeting on September 5th. During this meeting, the central bank expressed concerns about inflation levels in the country, deeming them &#8220;too high.&#8221; They also hinted at the possibility of further tightening of monetary policy if inflation proved more persistent than anticipated.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 index recorded a 0.47% drop, while South Korea&#8217;s Kospi and Kosdaq both saw declines of 0.74% and 0.98%, respectively. Japan&#8217;s Nikkei 225 index slumped by 0.80% following a public holiday, while the Topix index experienced a more modest decrease of 0.26%. Hong Kong&#8217;s Hang Seng index dipped by 0.01%, and the CSI 300 index in China lost 0.31%.<\/p>\n\n\n\n<p>Meanwhile, in the United States, the three major stock indexes showed little change as traders eagerly awaited the U.S. Federal Reserve&#8217;s upcoming rate decision, scheduled for Thursday morning in Asia. Market sentiment suggested a 99% probability that the central bank would maintain its current interest rate, as indicated by the CME Group&#8217;s FedWatch tool.<\/p>\n\n\n\n<p>In the U.S., the S&amp;P 500 index saw a marginal increase of 0.07%, with the Nasdaq Composite index managing a slight gain of 0.01%. The Dow Jones Industrial Average, composed of 30 prominent stocks, edged up by 0.02%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Median CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Trimmed CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Common CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Core CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Building Permits<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Housing Starts<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Across the Asia-Pacific region, [&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\/65652"}],"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=65652"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65652\/revisions"}],"predecessor-version":[{"id":65658,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65652\/revisions\/65658"}],"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=65652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}