{"id":66844,"date":"2023-12-04T17:29:11","date_gmt":"2023-12-04T06:29:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66844"},"modified":"2025-11-10T22:20:26","modified_gmt":"2025-11-10T11:20:26","slug":"monday-4th-dec-2023-asia-markets-mixed-ahead-of-crucial-inflation-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-4th-dec-2023-asia-markets-mixed-ahead-of-crucial-inflation-data\/","title":{"rendered":"Monday 4th Dec 2023: Asia Markets Mixed Ahead of Crucial Inflation Data"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.73%, Shanghai Composite down 0.18%, Hang Seng down 0.44% ASX up 0.73%<\/li>\n\n\n\n<li>Commodities : Gold at $2104.45 (0.73%), Silver at $25.89 (-0.06%), Brent Oil at $78.61 (-0.56%), WTI Oil at $73.69 (-0.63%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.235, UK 10-year yield at 4.188, Germany 10-year yield at 2.357<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change 24.9K vs 14.2K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Rate 5.8% vs 5.8% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets displayed mixed performances on Monday as investors awaited crucial economic data and upcoming inflation reports. Tokyo&#8217;s impending inflation figures, considered a bellwether for national trends, and South Korea&#8217;s inflation data due on Tuesday remained in focus.<\/p>\n\n\n\n<p>The Reserve Bank of Australia&#8217;s final meeting for the year is anticipated to maintain rates at 4.35%, according to Reuters&#8217; surveyed economists. The Australian S&amp;P\/ASX 200 surged 0.73%, leading gains among major benchmarks in the region.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi rose by 0.64%, while the smaller-cap Kosdaq trimmed earlier gains to a 0.17% rise. Japan saw declines with the Nikkei 225 slipping 0.73% and the Topix falling 0.65%.<\/p>\n\n\n\n<p>In the U.S., the S&amp;P 500 and Dow Jones Industrial Average hit new 2023 highs, rising by 0.59% and 0.82%, respectively. The tech-heavy Nasdaq Composite advanced by 0.55%.<\/p>\n\n\n\n<p>These market movements occurred despite Federal Reserve Chair Jerome Powell&#8217;s cautionary stance against anticipated interest rate cuts, emphasizing it was premature to confidently assess the adequacy of current monetary policy.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; EUR ECB President Lagarde Speaks<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Factory Orders m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets displayed mixed [&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\/66844"}],"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=66844"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66844\/revisions"}],"predecessor-version":[{"id":66859,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66844\/revisions\/66859"}],"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=66844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}