{"id":56366,"date":"2023-01-05T18:03:57","date_gmt":"2023-01-05T07:03:57","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56366"},"modified":"2025-11-11T19:32:16","modified_gmt":"2025-11-11T08:32:16","slug":"thursday-05th-january-2023-asian-markets-higher-on-signs-of-lower-fed-hikes","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/thursday-05th-january-2023-asian-markets-higher-on-signs-of-lower-fed-hikes\/","title":{"rendered":"Thursday 05th January 2023 : Asian Markets higher on signs of lower Fed hikes"},"content":{"rendered":"<h3><span style=\"font-weight: 400;\">Global Markets:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asian Stock Markets : Nikkei up 0.40%, Shanghai Composite up 1.00%, Hang Seng up 1.28%, ASX up 0.06%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1858.25 (-0.04%), Silver at $23.93 (-0.13%), Brent Oil at $78.76 (+1.18%), WTI Oil at $73.78 (+1.29%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.716, UK 10-year yield at 3.526, Germany 10-year yield at 2.283<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">News &amp; Data:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) JOLTS Job Openings 10.46M vs 10.04M expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) ISM Manufacturing PMI 48.4 vs 48.5 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CHF) CPI m\/m -0.20% vs -0.10% expected<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00c2&nbsp;Most Asian stock markets rallied on Thursday after the minutes of the Federal Reserve\u00e2\u20ac\u2122s December meeting pointed to smaller interest rate hikes, while a mild improvement in Chinese business activity ramped up bets on an economic recovery this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chinese stocks were the best performers in the region, with the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rallying 1.8% and 1.3%, respectively. Hong Kong\u00e2\u20ac\u2122s Hang Seng index also jumped 0.9%, amid speculation over an imminent border reopening with the mainland. The Australian stock market is slightly higher on Thursday, with gains in technology and financial stocks, nearly offset by weakness in energy stocks after crude oil prices tumbled more than 5 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oil sounded the loudest note of caution, falling sharply overnight on worries that the near-term outlook is precarious in China and that a global slowdown will hurt demand. In currency markets, the dollar has been wobbly as investors navigate between the Fed&#8217;s hawkish tone and the support for riskier currencies driven by China&#8217;s reopening.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.40%, Shanghai Composite [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":62731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-56366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/comments?post=56366"}],"version-history":[{"count":3,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56366\/revisions"}],"predecessor-version":[{"id":62777,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56366\/revisions\/62777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media\/62731"}],"wp:attachment":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media?parent=56366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}