{"id":73098,"date":"2024-11-15T17:38:33","date_gmt":"2024-11-15T06:38:33","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73098"},"modified":"2025-11-10T20:54:49","modified_gmt":"2025-11-10T09:54:49","slug":"friday-15th-november-2024-asian-markets-mixed-as-wall-street-falls-and-fed-signals-patience-on-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-15th-november-2024-asian-markets-mixed-as-wall-street-falls-and-fed-signals-patience-on-rate-cuts\/","title":{"rendered":"Friday 15th November 2024: Asian Markets Mixed as Wall Street Falls and Fed Signals Patience on Rate Cuts"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.81%, Shanghai Composite up 0.14%, Hang Seng up 0.49% ASX up 0.75%<\/li>\n\n\n\n<li>Commodities : Gold at $2569.35 (-0.24%), Silver at $30.7 (-0.18%), Brent Oil at $71.84 (-0.16%), WTI Oil at $68.2 (-0.9%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.464, UK 10-year yield at 4.481, Germany 10-year yield at 2.342<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core PPI m\/m&nbsp; 11.5% vs 2.9% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m&nbsp; 11.5% vs 2.9% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims&nbsp; 11.5% vs 2.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia markets showed mixed results on Friday following Wall Street&#8217;s decline after U.S. Federal Reserve Chair Jerome Powell signaled no rush in rate cuts. Investors were also digesting fresh economic data from China and Japan. In a speech in Dallas, Powell highlighted that robust U.S. economic growth allows for a gradual approach to future rate adjustments.&nbsp;<\/p>\n\n\n\n<p>China&#8217;s October economic data revealed stronger-than-expected retail sales but weaker industrial production and investment, with urban unemployment dipping to 5% from 5.1% in September. Following this, Hong Kong&#8217;s Hang Seng index rose 0.62%, while China\u2019s CSI 300 fell 0.2%.<\/p>\n\n\n\n<p>Japan\u2019s third-quarter GDP data showed a 0.3% year-on-year growth, breaking a two-quarter decline trend, and met quarterly expectations with a 0.2% rise. The Nikkei 225 gained 0.76% on the news, with the Topix up 0.8% as the yen weakened slightly against the dollar.<\/p>\n\n\n\n<p>Elsewhere in Asia, South Korea\u2019s Kospi dropped 0.45%, and the Kosdaq was down 0.97%. Meanwhile, Australia\u2019s S&amp;P\/ASX 200 climbed 0.42%.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average dropped 0.47%, while the S&amp;P 500 and Nasdaq Composite slid 0.6% and 0.64%, respectively. Additionally, high-flying &#8220;Trump trades&#8221; cooled, with Tesla plummeting 5.8% and the small-cap Russell 2000 underperforming, falling over 1%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Core Retail Sales m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Retail Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia 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\/73098"}],"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=73098"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73098\/revisions"}],"predecessor-version":[{"id":73101,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73098\/revisions\/73101"}],"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=73098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}