{"id":69003,"date":"2024-04-09T18:43:46","date_gmt":"2024-04-09T08:43:46","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69003"},"modified":"2025-11-10T22:00:36","modified_gmt":"2025-11-10T11:00:36","slug":"tuesday-9th-april-2024-asian-markets-show-mixed-performance-amidst-anticipation-of-inflation-reports","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-9th-april-2024-asian-markets-show-mixed-performance-amidst-anticipation-of-inflation-reports\/","title":{"rendered":"Tuesday 9th April 2024: Asian markets show mixed performance amidst anticipation of inflation reports."},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.13%, Shanghai Composite up 0.05%, Hang Seng up 0.57% ASX up 0.45%<\/li>\n\n\n\n<li>Commodities : Gold at $2376.5 (1.16%), Silver at $28.17 (1.32%), Brent Oil at $90.83 (0.58%), WTI Oil at $86.87 (0.48%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.39, UK 10-year yield at 4.07, Germany 10-year yield at 2.403<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) German Trade Balance 21.4 vs 25.1 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets showed a mixed trend on Tuesday as investors digested consumer confidence data from Japan and kept an eye on U.S. inflation figures to gauge the Federal Reserve&#8217;s stance on rate cuts. In Australia, the National Australian Bank&#8217;s survey indicated little change in business conditions and confidence for March, with business conditions slightly declining by one point to +9 and business confidence ticking up by one point to +1, remaining below the average mark.<\/p>\n\n\n\n<p>Japan&#8217;s consumer confidence index reached its highest level since May 2019, with 92.4% of respondents anticipating price increases by March next year. The Nikkei 225 rose by 1.08% to 39,773.13, and the broader Topix index gained 0.97% to close at 2,754.69. However, South Korea&#8217;s Kospi retreated by 0.46% to close at 2,705.16, reversing earlier gains, while the Kosdaq, representing small-cap stocks, ended down by 0.14% at 859.33.<\/p>\n\n\n\n<p>In Hong Kong, the Hang Seng index climbed by 0.7%, while the mainland Chinese CSI300 index saw a marginal dip, closing at 3,533.49. Australia&#8217;s S&amp;P\/ASX 200 rebounded from Monday&#8217;s losses, rising by 0.45% to close at 7,824.2.<\/p>\n\n\n\n<p>In the U.S., major indexes remained range-bound overnight as investors awaited the consumer price index report scheduled for Wednesday. The Dow Jones Industrial Average slipped by 0.03%, the S&amp;P 500 edged down by 0.04%, and the Nasdaq Composite closed marginally higher by 0.03%. Treasury yields rose, with the yield on the 10-year Treasury note increasing by about 4 basis points to 4.42%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>10:00 AM GMT &#8211; USD NFIB Small Business Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets showed 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\/69003"}],"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=69003"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69003\/revisions"}],"predecessor-version":[{"id":69011,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69003\/revisions\/69011"}],"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=69003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}