{"id":56969,"date":"2023-02-22T18:59:31","date_gmt":"2023-02-22T07:59:31","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56969"},"modified":"2025-11-11T19:25:08","modified_gmt":"2025-11-11T08:25:08","slug":"wednesday-22nd-february-2023-asian-markets-tiptoe-thru-the-week","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/wednesday-22nd-february-2023-asian-markets-tiptoe-thru-the-week\/","title":{"rendered":"Wednesday 22nd February 2023 :  Asian markets tiptoe thru the week"},"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 down 1.34%, Shanghai Composite down 0.46%, Hang Seng down 0.45%, ASX down 0.30%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1844.00 (+0.08%), Silver at $21.78 (-0.52%), Brent Oil at $82.75 (-0.36%), WTI Oil at $76.00 (-0.47%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.935, UK 10-year yield at 3.645, Germany 10-year yield at 2.541<\/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;\">(NZD) Official Cash Rate 4.75% vs 4.75% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Wage Price Index q\/q 0.80% vs 1.00% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Existing Home Sales 4.00M vs 4.09M expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Flash Manufacturing PMI 47.8 vs 47.4 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Flash Services PMI 50.5 vs 47.3 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Common CPI y\/y 6.60% vs 6.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Retail Sales m\/m 0.50% vs 0.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Core Retail Sales m\/m -0.60% vs -0.10% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Trimmed CPI y\/y 5.10% vs 5.20% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Median CPI y\/y 5.00% vs 4.90% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) CPI m\/m 0.50% vs 0.70% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German ZEW Economic Sentiment 28.1 vs 22.8 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(GBP) Flash Services PMI 53.3 vs 49.2 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(GBP) Flash Manufacturing PMI 49.2 vs 47.5 expected<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Asian stock markets are trading mostly in the red on Wednesday, following the broadly negative cues from global markets overnight, as traders remain concerned about the outlook for U.S. interest rates amid a sharp increase by U.S. treasury yields. Recent economic data has also led to worries the US Fed may raise rates higher than expected and keep them elevated for an extended period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Australian stock market is modestly lower on Wednesday, extending the losses in the previous session, with the benchmark S&amp;P\/ASX 200 staying above the 7,300 level,as traders remain concerned about the prospect that the US Fed will continue hiking rates to tame stubborn inflation. The Japanese stock market is sharply lower on Wednesday, extending the losses in the previous session, with the Nikkei 225 falling below the 27,100 level.\u00c2&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crude oil prices were volatile on Tuesday as traders weighed the impact of higher U.S. interest rates against optimism about increased demand from China. The dollar index was flat, but analysts expect interest rate rises to lift the dollar, hurting emerging market equities, which benefited from a falling dollar.<\/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;\">09:00 AM GMT &#8211; (EUR) German ifo Business Climate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Day 1 &#8211; (All) G20 Meetings<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">07:00 PM GMT &#8211; (USD) FOMC Meeting Minutes<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 1.34%, 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-56969","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\/56969","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=56969"}],"version-history":[{"count":3,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56969\/revisions"}],"predecessor-version":[{"id":62758,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56969\/revisions\/62758"}],"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=56969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}