{"id":69728,"date":"2024-05-13T16:04:49","date_gmt":"2024-05-13T06:04:49","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69728"},"modified":"2025-11-10T21:55:04","modified_gmt":"2025-11-10T10:55:04","slug":"monday-13th-may-2024-asian-markets-navigate-mixed-signals","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-13th-may-2024-asian-markets-navigate-mixed-signals\/","title":{"rendered":"Monday 13th May 2024: Asian Markets Navigate Mixed Signals"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite down 0.07%, Hang Seng up 0.73% ASX down 0.10%<\/li>\n\n\n\n<li>Commodities : Gold at $2358.5 (-0.75%), Silver at $28.28 (0.76%), Brent Oil at $82.47 (-0.38%), WTI Oil at $78.01 (-0.29%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.49, UK 10-year yield at 4.20, Germany 10-year yield at 2.51<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change 90.4K vs 20.9K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Rate 6.1% vs 6.2% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets showed mixed performance on Monday as investors analyzed China&#8217;s April inflation data, which exceeded expectations. China&#8217;s consumer price index rose by 0.3% year-on-year, surpassing Reuters&#8217; forecast, while the producer price index dropped by 2.5%, more than anticipated. Attention is now on Japan&#8217;s first-quarter GDP report, projected to reveal a 1.5% annualized contraction, potentially impacting the Bank of Japan&#8217;s interest rate decisions. India&#8217;s inflation figures are also awaited, with economists expecting a slight slowdown to 4.8% in April.<\/p>\n\n\n\n<p>In market movements, Japan&#8217;s Nikkei 225 and the broader Topix initially declined but later stabilized to trade flat. South Korea&#8217;s Kospi was down by 0.20%, while the Kosdaq fell by 1%. Australia&#8217;s S&amp;P\/ASX 200 lost 0.2%. Conversely, Hong Kong&#8217;s Hang Seng index reversed earlier losses to gain 0.7%, while mainland China&#8217;s CSI 300 index remained steady.<\/p>\n\n\n\n<p>In the U.S. on Friday, the Dow Jones Industrial Average extended its winning streak to eight sessions, marking its best week in 2024 with a 0.32% increase. The S&amp;P 500 rose by 0.16%, while the Nasdaq Composite edged lower by 0.03%. However, investor enthusiasm was tempered by consumer sentiment data showing a significant rise in inflation expectations, with the University of Michigan&#8217;s preliminary May reading for the consumer sentiment index notably lower than expectations at 67.4, its lowest level in about six months.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD Building Permits m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets showed 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\/69728"}],"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=69728"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69728\/revisions"}],"predecessor-version":[{"id":69729,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69728\/revisions\/69729"}],"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=69728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}