{"id":57177,"date":"2023-03-09T20:52:11","date_gmt":"2023-03-09T09:52:11","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=57177"},"modified":"2025-11-11T19:23:20","modified_gmt":"2025-11-11T08:23:20","slug":"thursday-9th-march-2023-asian-stocks-see-mixed-results-amidst-global-rate-and-inflation-concerns","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/thursday-9th-march-2023-asian-stocks-see-mixed-results-amidst-global-rate-and-inflation-concerns\/","title":{"rendered":"Thursday 9th March 2023: Asian Stocks See Mixed Results Amidst Global Rate and Inflation Concerns"},"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 0.63%, Shanghai Composite down 0.22%, Hang Seng down 0.63%, ASX up 0.05%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1821.65 (+0.17%), Silver at $20.16 (+0.06%), Brent Oil at $82.54 (-0.15%), WTI Oil at $76.51 (-0.20%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.995, UK 10-year yield at 3.833, Germany 10-year yield at 2.685<\/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;\">(EUR) French Final Private Payrolls q\/q 0.20% vs 0.00% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Prelim Machine Tool Orders y\/y -10.70% vs -9.70% previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) PPI y\/y -1.40% vs -1.30% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) CPI y\/y 1.00% vs 1.90% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(GBP) RICS House Price Balance -48.00% vs -48.00% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) M2 Money Stock y\/y 2.60% vs 2.80% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Final GDP q\/q 0.00% vs 0.20% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Final GDP Price Index y\/y 1.20% vs 1.10% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) 10-y Bond Auction 3.99|2.4 vs 3.61|2.7 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Crude Oil Inventories -1.7M vs 1.3M expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) JOLTS Job Openings 10.82M vs 10.58M expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Overnight Rate 4.50% vs 4.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Trade Balance -68.3B vs -68.7B expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) Trade Balance 1.9B vs -0.1B expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) ADP Non-Farm Employment Change 242K vs 197K expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Revised GDP q\/q 0.00% vs 0.00% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Final Employment Change q\/q 0.30% vs 0.40% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Italian Retail Sales m\/m 1.70% vs 0.20% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German Retail Sales m\/m -0.30% vs 2.30% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German Industrial Production m\/m 3.50% vs 1.40% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Economy Watchers Sentiment 52 vs 49.1 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Leading Indicators 96.50% vs 96.90% expected<\/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 stocks ended mixed on Thursday as concerns persisted about headwinds from rising global rates and China reported downbeat inflation data. The dollar hovered near a three-month high after Federal Reserve Chair Jerome Powell reiterated hawkish message on the second day of testimony to U.S. Congress, but said the central bank was yet to decide on the size of a potential interest-rate rise later this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China&#8217;s consumer price inflation grew 1.0 percent on a yearly basis in February, weaker than the 2.1 percent gain in January and marking the slowest pace since February last year due to weak demand following the Lunar New Year holidays, official data showed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Japanese shares rose for a fifth straight session to hit a 6-1\/2-month high after data showed the country narrowly avoided a recession at the end of last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australian markets finished marginally higher, recovering from an early slide on the back of gains in financial and technology stocks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oil and gold prices struggled for direction in Asian trading, waiting to take cues from Friday&#8217;s U.S. jobs report and next week&#8217;s inflation figures.<\/span><\/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;\">12:01 am GMT &#8211; (GBP) RICS House Price 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;\">05:58 am GMT &#8211; (JPY) Prelim Machine Tool Orders y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">06:30 am GMT &#8211; (EUR) French Final Private Payrolls q\/q<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 pm GMT &#8211; (USD) Challenger Job Cuts 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;\">03:00 pm GMT &#8211; (USD) FOMC Member Barr Speaks<\/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;\">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;\">06:30 pm GMT &#8211; (CAD) Gov Council Member Rogers Speaks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:30 pm GMT &#8211; (NZD) BusinessNZ Manufacturing Index<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:45 pm GMT &#8211; (NZD) Manufacturing Sales q\/q<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">11:30 pm GMT &#8211; (JPY) Household Spending y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">11:50 pm GMT &#8211; (JPY) PPI y\/y<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.63%, 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-57177","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\/57177","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=57177"}],"version-history":[{"count":3,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57177\/revisions"}],"predecessor-version":[{"id":62753,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57177\/revisions\/62753"}],"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=57177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=57177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=57177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}