{"id":73557,"date":"2024-12-11T17:09:54","date_gmt":"2024-12-11T06:09:54","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73557"},"modified":"2025-11-10T20:49:13","modified_gmt":"2025-11-10T09:49:13","slug":"wednesday-11th-december-2024-mixed-asia-pacific-markets-as-investors-await-key-u-s-inflation-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-11th-december-2024-mixed-asia-pacific-markets-as-investors-await-key-u-s-inflation-data\/","title":{"rendered":"Wednesday 11th December 2024: Mixed Asia-Pacific Markets as Investors Await Key U.S. Inflation Data"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.13%, Shanghai Composite up 0.11%, Hang Seng down 0.33% ASX down 0.46%<\/li>\n\n\n\n<li>Commodities : Gold at $2731.35 (0.4%), Silver at $32.4 (-0.58%), Brent Oil at $72.5 (0.46%), WTI Oil at $68.9 (0.49%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.244, UK 10-year yield at 4.3220, Germany 10-year yield at 2.1160<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Revised Nonfarm Productivity q\/q 2.2% vs 2.3% expected<\/li>\n\n\n\n<li>(USD) Revised Unit Labor Costs q\/q 0.8% vs 1.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets presented a mixed performance on Wednesday, following declines in major Wall Street benchmarks as investors awaited critical U.S. inflation data that could influence the Federal Reserve\u2019s interest rate decision.<\/p>\n\n\n\n<p>China commenced its annual economic work conference, outlining policies and growth targets for 2025. Hong Kong&#8217;s Hang Seng index rose 0.66%, while mainland China&#8217;s CSI 300 index traded flat. In South Korea, the Kospi gained 0.78%, and the Kosdaq surged 2%. This followed the passage of a downsized 2025 budget of 673.3 trillion won ($470.6 billion), marking the first time a spending bill was reduced without ministry approval. Meanwhile, South Korea&#8217;s corruption office announced plans to detain President Yoon Seok Yeol if conditions are met, amid a police investigation into martial law imposition. The nation\u2019s unemployment rate remained steady at 2.7% in November.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 dipped 0.132%, and the Topix was nearly flat. Australia\u2019s S&amp;P\/ASX 200 fell 0.4%.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average declined for a fourth consecutive day, losing 154.10 points (0.35%) to close at 44,247.83. The S&amp;P 500 and Nasdaq Composite dropped 0.3% and 0.25%, respectively, marking two consecutive days of losses.<\/p>\n\n\n\n<p>Investors are closely watching the November consumer price index report due Wednesday, with forecasts predicting a 12-month inflation rate of 2.7%, slightly above October&#8217;s figure and exceeding the Fed\u2019s 2% target. The data could shape decisions during the Federal Reserve\u2019s Dec. 17\u201318 policy meeting.<br \/><\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Core CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD CPI y\/y<\/li>\n\n\n\n<li>02:45 PM GMT &#8211; CAD Overnight Rate<\/li>\n\n\n\n<li>03:30 PM GMT &#8211; CAD BOC Press Conference<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets presented a [&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\/73557"}],"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=73557"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73557\/revisions"}],"predecessor-version":[{"id":73562,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73557\/revisions\/73562"}],"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=73557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}