{"id":57023,"date":"2023-02-27T16:30:46","date_gmt":"2023-02-27T05:30:46","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=57023"},"modified":"2025-11-11T19:24:44","modified_gmt":"2025-11-11T08:24:44","slug":"monday-27th-february-2023-asian-markets-begin-the-weak-shaky","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/monday-27th-february-2023-asian-markets-begin-the-weak-shaky\/","title":{"rendered":"Monday 27th February 2023 :Asian markets begin the weak shaky"},"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 0.15%, Shanghai Composite down 0.05%, Hang Seng down 0.25%, ASX down 1.12%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1815.55 (-0.09%), Silver at $20.71 (-1.08%), Brent Oil at $82.60 (-0.27%), WTI Oil at $76.18 (-0.18%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.945, UK 10-year yield at 3.779, Germany 10-year yield at 2.526<\/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) Revised UoM Consumer Sentiment 67 vs 66.4 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) New Home Sales 670K vs 620K expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Core PCE Price Index m\/m 0.60% vs 0.40% 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 lower on Monday, following the broadly negative cues from global markets on Friday, as the unexpected spike in US core consumer prices added to recent concerns about the outlook for interest rates as the US Federal Reserve may be inclined to leave interest rates higher for longer. Asian markets closed mixed on Friday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Japanese stock market is slightly lower on Monday, giving up the gains in the previous session, with the Nikkei 225 staying above the 27,400 level, following the broadly negative cues from global markets on Friday, dragged by technology stocks as traders remain cautious ahead of Bank of Japan governor nominee Kazuo Ueda&#8217;s appearance before the upper house. China&#8217;s blue chips were off 0.2%, while China Renaissance Holdings bounced after the mainland boutique bank said its missing chairman is cooperating with Chinese authorities in an investigation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crude oil futures showed a big turnaround over the course of the trading day on Friday after coming under pressure early in the session. The rise in the dollar and yields has been a burden for gold, which shed 1.7% last week and was last lying at $1,810 an ounce.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Monday, February 27, 2023\u00c2&nbsp;\u00c2&nbsp;\u00c2&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:00 AM GMT &#8211; (GBP) MPC Member Broadbent Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) Pending Home Sales m\/m<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Tuesday, February 28, 2023\u00c2&nbsp;\u00c2&nbsp;\u00c2&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">04:10 AM GMT &#8211; (JPY) BOJ Gov-Designate Ueda Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 PM GMT &#8211; (CAD) GDP m\/m<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) Richmond Manufacturing Index<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Wednesday, March 01, 2023\u00c2&nbsp;\u00c2&nbsp;\u00c2&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 AM GMT &#8211; (AUD) CPI y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 AM GMT &#8211; (AUD) GDP q\/q<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10:00 AM GMT &#8211; (GBP) BOE Gov Bailey Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Thursday, March 02, 2023\u00c2&nbsp;\u00c2&nbsp;\u00c2&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/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;\">Tentative &#8211; (NZD) RBNZ Gov Orr Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:00 PM GMT &#8211; (USD) FOMC Member Waller Speaks<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Friday, March 03, 2023\u00c2&nbsp;\u00c2&nbsp;\u00c2&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) ISM Services PMI<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.15%, 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],"tags":[],"class_list":["post-57023","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\/57023","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=57023"}],"version-history":[{"count":2,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57023\/revisions"}],"predecessor-version":[{"id":62755,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57023\/revisions\/62755"}],"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=57023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=57023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=57023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}