{"id":74515,"date":"2025-02-07T16:54:37","date_gmt":"2025-02-07T05:54:37","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=74515"},"modified":"2025-08-06T16:15:33","modified_gmt":"2025-08-06T06:15:33","slug":"friday-7th-february-2025-asia-pacific-markets-mixed-amid-economic-updates","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-7th-february-2025-asia-pacific-markets-mixed-amid-economic-updates\/","title":{"rendered":"Friday 7th February 2025: Asia-Pacific Markets Mixed Amid Economic Updates"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 1.23%, Hang Seng up 0.96% ASX down 0.11%<\/li>\n\n\n\n<li>Commodities : Gold at $2886.35 (0.23%), Silver at $32.75 (0.38%), Brent Oil at $74.69 (0.59%), WTI Oil at $70.94 (0.43%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.449, UK 10-year yield at 4.482, Germany 10-year yield at 2.372<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(GBP) Official Bank Rate&nbsp; 4.50% vs 4.50% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims&nbsp; 219K vs 214K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Friday as investors analyzed India\u2019s interest rate decision and Japan\u2019s household spending data. Australia\u2019s S&amp;P\/ASX 200 traded flat, while Japan\u2019s Nikkei 225 fell 0.44% and the Topix declined 0.39%. However, Japan\u2019s household spending in December surged 2.7% year-on-year, significantly exceeding expectations of a 0.2% rise. South Korea\u2019s Kospi slipped 0.17%, while the Kosdaq remained near the flatline. Hong Kong\u2019s Hang Seng Index gained 0.6%, and China\u2019s CSI 300 advanced 0.77%.<\/p>\n\n\n\n<p>The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years, reducing the repo rate by 25 basis points to 6.25% to stimulate economic growth. India\u2019s benchmark stock indexes, Nifty 50 and Sensex, remained flat, while the rupee slightly strengthened to 87.4 against the dollar after reaching an all-time low. RBI Governor Sanjay Malhotra announced the decision in a livestreamed address, highlighting cooling inflation as a factor in the rate cut.<\/p>\n\n\n\n<p>In the U.S., major stock indexes closed higher on Thursday as investors assessed corporate earnings. The S&amp;P 500 rose 0.36% to 6,083.57, while the Nasdaq Composite gained 0.51% to 19,791.99. However, the Dow Jones Industrial Average fell 125.65 points (0.28%) to 44,747.63. The S&amp;P 500 notched its third consecutive positive session, signaling investor optimism despite mixed economic signals.<\/p>\n\n\n\n<p>Markets are now focused on the U.S. jobs report, set for release on Friday. Economists surveyed by Dow Jones anticipate 169,000 new jobs in January, a decline from December\u2019s 256,000. The report is expected to provide insights into labor market trends and influence future Federal Reserve policy decisions.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; CAD Unemployment Rate<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD Employment Change<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Average Hourly Earnings m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Non-Farm Employment Change<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Unemployment Rate<\/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":77277,"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\/74515"}],"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=74515"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74515\/revisions"}],"predecessor-version":[{"id":74520,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74515\/revisions\/74520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=74515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=74515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=74515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}