{"id":69768,"date":"2024-05-15T16:24:11","date_gmt":"2024-05-15T06:24:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69768"},"modified":"2025-11-10T21:53:46","modified_gmt":"2025-11-10T10:53:46","slug":"wednesday-15th-may-2024-asian-markets-rise-despite-inflation-concerns","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-15th-may-2024-asian-markets-rise-despite-inflation-concerns\/","title":{"rendered":"Wednesday 15th May 2024: Asian markets rise despite inflation concerns"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.17%, Shanghai Composite down 0.65%, Hang Seng down 0.22% ASX up 0.39%<\/li>\n\n\n\n<li>Commodities : Gold at $2363.5 (0.15%), Silver at $28.78 (0.31%), Brent Oil at $82.97 (0.72%), WTI Oil at $78.62 (0.78%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.42, UK 10-year yield at 4.19, 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) Wholesale Sales m\/m -1.1% vs -0.9% expected<\/li>\n\n\n\n<li>(USD) Core PPI m\/m 0.5% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m 0.5% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Wednesday saw Asia-Pacific markets mostly in positive territory, following Wall Street&#8217;s lead despite strong inflation figures propelling the Nasdaq Composite to a fresh high. April&#8217;s producer price index exceeded expectations at 0.5%, surpassing the forecasted 0.3%. Initially rattling markets, revised downward figures for March&#8217;s wholesale prices, showing a 0.1% decline, helped restore investor confidence.<\/p>\n\n\n\n<p>With South Korea and Hong Kong observing public holidays, focus shifted to Australia&#8217;s annual budget announcement on Tuesday. The People\u2019s Bank of China opted to maintain its one-year medium-term lending facility rate at 2.5%, while mainland China&#8217;s CSI 300 index experienced a 0.45% dip. Conversely, in Australia, the S&amp;P\/ASX 200 index opened 0.44% higher.<\/p>\n\n\n\n<p>Meanwhile, Japan&#8217;s markets saw positive momentum, with the Nikkei 225 rose by 0.17% and the broader Topix index gaining 0.53%. On Wall Street, Tuesday ended on a positive note as investors awaited crucial inflation data. The Nasdaq Composite achieved a 0.75% gain, closing at a record high of 16,511.18, while the Dow Jones Industrial Average rose by 126.60 points, or 0.32%, and the S&amp;P 500 climbed by 0.48%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:15 PM GMT &#8211; CAD Housing Starts<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Manufacturing Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Core CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Core Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Retail Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Wednesday saw Asia-Pacific markets [&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\/69768"}],"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=69768"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69768\/revisions"}],"predecessor-version":[{"id":69773,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69768\/revisions\/69773"}],"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=69768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}