{"id":69816,"date":"2024-05-17T16:09:02","date_gmt":"2024-05-17T06:09:02","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69816"},"modified":"2025-11-10T21:53:26","modified_gmt":"2025-11-10T10:53:26","slug":"friday-17th-may-2024-asian-markets-respond-to-mixed-data-with-cautious-optimism","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-17th-may-2024-asian-markets-respond-to-mixed-data-with-cautious-optimism\/","title":{"rendered":"Friday 17th May 2024: Asian markets respond to mixed data with cautious optimism"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.41%, Shanghai Composite up 0.22%, Hang Seng up 0.70% ASX down 0.83%<\/li>\n\n\n\n<li>Commodities : Gold at $2386.5 (0.15%), Silver at $29.78 (0.01%), Brent Oil at $83.67 (0.48%), WTI Oil at $79.42 (0.28%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.37, UK 10-year yield at 4.11, Germany 10-year yield at 2.45<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Unemployment Claims 222K vs 219K expected<\/li>\n\n\n\n<li>(USD) Building Permits 1.44M vs 1.48M expected<\/li>\n\n\n\n<li>(USD) Housing Starts 4.5 vs 7.7 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Friday saw mixed performance in Asia-Pacific markets as investors analyzed significant data from China and Singapore to assess regional economic health.<\/p>\n\n\n\n<p>China&#8217;s retail sales for April rose by 2.3% compared to the previous year, falling short of the 3.8% forecast and slowing from March&#8217;s 3.1%. Mainland China&#8217;s CSI 300 index slipped by 0.20% in response. Singapore reported a 9.3% decline in non-oil domestic exports for April, although the rate of decrease was slower than the previous month.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 declined by 0.41%, while the broader Topix index initially fell but later rebounded to gain 0.26%. South Korea&#8217;s Kospi dropped by 0.93%, impacted by an unchanged unemployment rate of 2.8% in April. Australia&#8217;s S&amp;P\/ASX 200 also fell, recording a decrease of 0.83%.<\/p>\n\n\n\n<p>On the other hand, Hong Kong&#8217;s Hang Seng index rose by 0.29%. In the US, the Dow Jones Industrial Average briefly exceeded 40,000 before closing slightly lower at 39,869.38. The S&amp;P 500 reached a new record high, surpassing 5,300 for the first time, while the Nasdaq Composite also hit an all-time high. Despite these achievements, the S&amp;P 500 fell by 0.21%, and the Nasdaq Composite ended the day 0.26% lower.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD Foreign Securities Purchases<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD CB Leading Index m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Friday saw mixed performance [&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\/69816"}],"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=69816"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69816\/revisions"}],"predecessor-version":[{"id":69819,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69816\/revisions\/69819"}],"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=69816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}