{"id":70255,"date":"2024-06-10T16:15:24","date_gmt":"2024-06-10T06:15:24","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=70255"},"modified":"2025-11-10T21:48:43","modified_gmt":"2025-11-10T10:48:43","slug":"monday-10th-june-2024-asian-markets-mixed-amid-strong-u-s-jobs-report","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-10th-june-2024-asian-markets-mixed-amid-strong-u-s-jobs-report\/","title":{"rendered":"Monday 10th June 2024: Asian Markets Mixed Amid Strong U.S. Jobs Report"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.02%, Shanghai Composite up 0.09%, Hang Seng down 0.59% ASX up 0.49%<\/li>\n\n\n\n<li>Commodities : Gold at $2312.5 (-0.53%), Silver at $29.68 (0.861%), Brent Oil at $79.83 (0.25%), WTI Oil at $75.71 (0.23%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.45, UK 10-year yield at 4.21, Germany 10-year yield at 2.62<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change 26.7K vs 24.8K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Rate 6.2% vs 6.2% expected<\/li>\n\n\n\n<li>(USD) Non-Farm Employment Change 272K vs 182K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate 4.0% vs 3.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Monday following a stronger-than-expected U.S. jobs report on Friday, which showed increased hiring and wage growth in May. This suggests the Federal Reserve may not need to rush to lower interest rates, with traders not expecting a rate cut in the upcoming Federal Open Market Committee meetings this week or in July.<\/p>\n\n\n\n<p>In Asia, investors are focusing on Japan\u2019s revised first-quarter GDP figures, which revealed an annualized contraction of 1.8%, less severe than the initially reported 2% and below the 1.9% expected by economists. The Bank of Japan\u2019s rate decision is anticipated on Friday, while China and India will release their May inflation numbers on Wednesday. Japan\u2019s Nikkei 225 rose by 1.07%, and the broader Topix index increased by 0.8%, whereas South Korea\u2019s Kospi fell by 0.57%, and the small-cap Kosdaq experienced a slight decline.<\/p>\n\n\n\n<p>Several Asian markets, including Australia, mainland China, Hong Kong, and Taiwan, were closed for a holiday on Monday. On Wall Street, the S&amp;P 500 remained flat on Friday after reaching an intraday record high. The Dow Jones Industrial Average fell by 0.22%, and the Nasdaq Composite decreased by 0.23%.<\/p>\n\n\n\n<p>Despite these minor losses, all three major U.S. indexes posted gains for the week. The Dow rose by 0.29%, the S&amp;P 500 increased by nearly 1.32%, and the Nasdaq advanced by 2.38%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>11:50 PM GMT &#8211; JPY M2 Money Stock y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets were 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\/70255"}],"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=70255"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70255\/revisions"}],"predecessor-version":[{"id":70259,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70255\/revisions\/70259"}],"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=70255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=70255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=70255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}