{"id":69570,"date":"2024-05-03T18:36:21","date_gmt":"2024-05-03T08:36:21","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69570"},"modified":"2025-11-10T21:57:03","modified_gmt":"2025-11-10T10:57:03","slug":"friday-3rd-may-2024-asian-markets-surge-on-wall-street-momentum-and-apples-strength","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-3rd-may-2024-asian-markets-surge-on-wall-street-momentum-and-apples-strength\/","title":{"rendered":"Friday 3rd May 2024: Asian Markets Surge on Wall Street Momentum and Apple&#8217;s Strength"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.10%, Shanghai Composite down 0.26%, Hang Seng up 1.48% ASX up 0.55%<\/li>\n\n\n\n<li>Commodities : Gold at $2307.5 (-0.15%), Silver at $26.73 (-0.26%), Brent Oil at $83.80 (0.18%), WTI Oil at $79.06 (0.16%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.58, UK 10-year yield at 4.32, Germany 10-year yield at 2.53<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Unemployment Claims 208K vs 212K expected<\/li>\n\n\n\n<li>(USD) Trade Balance -69.4B vs -69.5B expected<\/li>\n\n\n\n<li>(CAD) Trade Balance -2.3B vs 1.1B expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia&#8217;s markets surged on Friday, led by Hong Kong, bolstered by Wall Street&#8217;s gains ahead of key U.S. employment data. Apple&#8217;s strong earnings report prompted a focus on its suppliers, with Taiwan Semiconductor Manufacturing Company rising by 1% and Foxconn by 1.3%. Apple&#8217;s announcement of a $110 billion stock buyback program boosted its shares by 6% in after-hours trading, drawing attention to Taiwanese and South Korean suppliers.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 closed 0.55% higher at 7,629, while Japanese and Chinese markets were closed for public holidays. The Japanese yen strengthened against the U.S. dollar, reaching 153.13, marking its strongest week in over a year. U.S. markets closed positively, with the Dow Jones Industrial Average rising by 0.85%, the S&amp;P 500 by 0.91%, and the Nasdaq Composite by 1.51%.<\/p>\n\n\n\n<p>Economists anticipate approximately 240,000 job gains in the April nonfarm payrolls report, following March&#8217;s 303,000 additions. Investors await this data after the U.S. Federal Reserve opted to maintain interest rates at its recent meeting.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Average Hourly Earnings m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Non-Farm Employment Change<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment Rate<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Final Services PMI<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD ISM Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia&#8217;s markets surged on [&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\/69570"}],"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=69570"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69570\/revisions"}],"predecessor-version":[{"id":69571,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69570\/revisions\/69571"}],"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=69570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}