{"id":56464,"date":"2023-01-12T18:49:31","date_gmt":"2023-01-12T07:49:31","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56464"},"modified":"2025-11-11T19:31:43","modified_gmt":"2025-11-11T08:31:43","slug":"thursday-12th-january-2023-asian-markets-trading-higher-in-anticipation-of-the-us-consumer-price-inflation-report","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/thursday-12th-january-2023-asian-markets-trading-higher-in-anticipation-of-the-us-consumer-price-inflation-report\/","title":{"rendered":"Thursday 12th January 2023 : Asian markets trading higher in anticipation of the US Consumer Price Inflation Report."},"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 0.01%, Shanghai Composite up 0.05%, Hang Seng up 0.08%, ASX up 1.18%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1884.45 (+0.30%), Silver at $23.70 (+0.92%), Brent Oil at $82.63 (-0.05%), WTI Oil at $77.34 (-0.09%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.539, UK 10-year yield at 3.437, Germany 10-year yield at 2.174<\/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) Economy Watchers Sentiment 47.9 vs 47.8 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) PPI y\/y -0.70% vs -0.10% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) CPI y\/y 1.80% vs 1.80% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Trade Balance 13.20B vs 11.35B expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Current Account 1.92T vs 0.65T expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Bank Lending y\/y 2.70% vs 2.80% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(NZD) Building Consents m\/m 7.00% vs -10.70% previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) 10-y Bond Auction 3.58|2.5 vs 3.63|2.3 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Crude Oil Inventories 19.0M vs -2.0M expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German 10-y Bond Auction 2.25|1.4 vs 1.95|2.0 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Italian Retail Sales m\/m 0.80% vs -0.30% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Leading Indicators 97.60% vs 97.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) 30-y Bond Auction 1.65|3.1 vs 1.48|3.0 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Retail Sales m\/m 1.40% vs 0.60% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) CPI y\/y 7.30% vs 7.20% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(NZD) ANZ Commodity Prices m\/m -0.10% vs -4.00% previous<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as the markets reflected optimism about the highly anticipated US consumer price inflation report due later today. The report is expected to show a slowdown in the annual rate of consumer price growth and could have a significant impact on the outlook for interest rates. Asian Markets closed mixed on Wednesday. Traders also looked to continue picking up stocks at relatively reduced levels following the considerable weakness seen last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China&#8217;s consumer price inflation accelerated at the end of the year 2022, owing to higher food prices, while factory gate prices continued to fall, albeit at a slower pace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Japanese stock market is slightly higher in choppy trading on Thursday, alternating around the unchanged line, extending the gains in the previous four sessions, with the Nikkei 225 staying above the 26,400 level, following the broadly positive cues from global markets overnight, with strong gains in financial and technology stocks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australia posted a seasonally adjusted merchandise trade surplus of A$13.201 billion in November, the Australian Bureau of Statistics said on Thursday. That beat expectations for a surplus of A$10.5 billion following the A$12.217 billion surplus in October.\u00c2&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crude oil prices rose sharply Wednesday on hopes for a global economic recovery and the possible impact of sanctions on Russian crude output. West Texas Intermediate crude oil futures for February jumped $2.29 or 3.1 percent at $77.41 a barrel, rising for a fifth straight session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. dollar is trading in the mid-131 yen-range on Thursday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:\u00c2&nbsp;<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 am GMT &#8211; (AUD) Trade Balance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 am GMT &#8211; (CNY) CPI y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 am GMT &#8211; (CNY) PPI y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">05:00 am GMT &#8211; (JPY) Economy Watchers Sentiment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:00 am GMT &#8211; (EUR) ECB Economic Bulletin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tentative &#8211; (GBP) Housing Equity Withdrawal q\/q<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 pm GMT &#8211; (USD) FOMC Member Harker Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 pm GMT &#8211; (USD) CPI m\/m<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 pm GMT &#8211; (USD) CPI y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 pm GMT &#8211; (USD) Core CPI m\/m<\/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<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:30 pm GMT &#8211; (USD) Natural Gas Storage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">05:00 pm GMT &#8211; (GBP) MPC Member Mann Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">06:01 pm GMT &#8211; (USD) 30-y Bond Auction<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">07:00 pm GMT &#8211; (USD) Federal Budget Balance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">11:50 pm GMT &#8211; (JPY) M2 Money Stock y\/y<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices rose sharply Wednesday on hopes for a global economic recovery and the possible impact of sanctions on Russian crude output. West Texas Intermediate crude oil futures for February jumped $2.29 or 3.1 percent at $77.41 a barrel, rising for a fifth straight session.<\/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],"tags":[],"class_list":["post-56464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56464","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=56464"}],"version-history":[{"count":2,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56464\/revisions"}],"predecessor-version":[{"id":62774,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56464\/revisions\/62774"}],"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=56464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}