{"id":66685,"date":"2023-11-21T18:03:36","date_gmt":"2023-11-21T07:03:36","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66685"},"modified":"2025-11-10T22:22:21","modified_gmt":"2025-11-10T11:22:21","slug":"wednesday-22nd-november-2023-asia-pacific-markets-react-to-feds-policy-stance-u-s-market-movement","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-22nd-november-2023-asia-pacific-markets-react-to-feds-policy-stance-u-s-market-movement\/","title":{"rendered":"Wednesday 22nd November 2023: Asia-Pacific Markets React to Fed&#8217;s Policy Stance &amp; U.S. Market Movement"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.24%, Shanghai Composite down 0.61, Hang Seng down 0.23% ASX down 0.07%<\/li>\n\n\n\n<li>Commodities : Gold at $2002.05 (-0.13%), Silver at $23.83 (-0.14%), Brent Oil at $82.48 (-0.33%), WTI Oil at $75.53 (-0.30%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.425, UK 10-year yield at 4.136, Germany 10-year yield at 2.573<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) CPI m\/m 0.1% vs 0.1% expected<\/li>\n\n\n\n<li>(CAD) Median CPI y\/y 3.6% vs 3.6% expected<\/li>\n\n\n\n<li>(CAD) Trimmed CPI y\/y 3.5% vs 3.6% expected<\/li>\n\n\n\n<li>(CAD) Common CPI y\/y 4.2% vs&nbsp; 4.3%% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets displayed a mixed response following the U.S. Federal Reserve&#8217;s October meeting, where officials leaned towards maintaining a restrictive monetary policy rather than considering rate cuts. The Fed emphasized the importance of a restrictive policy to align inflation with the Committee&#8217;s 2 percent objective. Presently, the federal funds rate stands at 5.25%-5.5%.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 and the Topix were the only major Asia markets to show positivity, with gains of 0.28% and 0.38%, respectively. Conversely, South Korea&#8217;s Kospi slipped by 0.2%, while the Kosdaq declined by 0.53%. Hong Kong&#8217;s Hang Seng index opened 0.07% lower, and China&#8217;s CSI 300 index dropped by 0.52%.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 initially saw gains but eventually slid marginally, closing at 7,073.4 after reversing its earlier upward momentum.<\/p>\n\n\n\n<p>In the U.S., all three major indexes experienced losses post the Fed&#8217;s announcement. The S&amp;P 500 and Nasdaq Composite ended a streak of five consecutive winning days. The Dow Jones Industrial Average slipped by 0.18%, the S&amp;P experienced a 0.2% dip, and the tech-heavy Nasdaq fell by 0.59%. This decline followed the Nasdaq leading a tech-driven rally on Wall Street the previous day.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Core Durable Goods Orders m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Durable Goods Orders m\/m<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; EUR Consumer Confidence<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Revised UoM Consumer Sentiment<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Revised UoM Inflation Expectations<\/li>\n\n\n\n<li>3:30 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets displayed 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\/66685"}],"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=66685"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66685\/revisions"}],"predecessor-version":[{"id":66706,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66685\/revisions\/66706"}],"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=66685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}