{"id":56423,"date":"2023-01-10T20:21:37","date_gmt":"2023-01-10T09:21:37","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56423"},"modified":"2025-11-11T19:32:00","modified_gmt":"2025-11-11T08:32:00","slug":"tuesday-10th-january-2023asian-markets-trade-lower-on-global-cues","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/tuesday-10th-january-2023asian-markets-trade-lower-on-global-cues\/","title":{"rendered":"Tuesday 10th January 2023:Asian Markets trade lower on global cues"},"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 0.78%, Shanghai Composite down 0.21%, Hang Seng down 0.27%, ASX down 0.28%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1879.65 (+0.10%), Silver at $23.66 (-0.90%), Brent Oil at $79.09 (-0.70%), WTI Oil at $74.22 (-0.55%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.554, UK 10-year yield at 3.581, Germany 10-year yield at 2.275<\/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;\">(JPY) Tokyo Core CPI y\/y 4.00% vs 3.80% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Household Spending y\/y -1.20% vs 0.60% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Consumer Credit m\/m 28.0B vs 25.0B expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Building Permits m\/m 14.10% vs 0.40% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Unemployment Rate 6.50% vs 6.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Sentix Investor Confidence -17.5 vs -18.1 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Italian Monthly Unemployment Rate 7.80% vs 7.80% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CHF) Foreign Currency Reserves 784B vs 790B previous<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00c2&nbsp;Asian stocks ended on a mixed note Tuesday, with hawkish remarks from two Federal Reserve officials and fears of a coming recession weighing on markets. Investors also turned cautious ahead of key U.S. inflation data due this week.\u00c2&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chinese shares snapped a six-session winning streak as Henan, the country&#8217;s third-most populous province, struggled to keep COVID cases in check. Hong Kong shares, on the other hand, jumped to a six-month high.\u00c2&nbsp; Japanese shares bucked the weak trend as traders returned to their desks following a public holiday. Australian markets traded lower, with tech stocks and gold miners leading losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prices of most base metals fell on Tuesday from recent rallies driven by top consumer China&#8217;s reopening, as traders gauged the risks of a global economic downturn and weak consumption. Treasury yields fell and the dollar consolidated recent losses while oil prices fell after three consecutive sessions of gains.<\/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;\">10:10 AM GMT &#8211; (CAD) BOC Gov Macklem Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10:10 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">02:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.78%, 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-56423","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\/56423","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=56423"}],"version-history":[{"count":2,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56423\/revisions"}],"predecessor-version":[{"id":62776,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56423\/revisions\/62776"}],"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=56423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}