{"id":62131,"date":"2023-03-30T18:40:20","date_gmt":"2023-03-30T07:40:20","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=62131"},"modified":"2025-11-11T18:20:27","modified_gmt":"2025-11-11T07:20:27","slug":"thursday-30th-march-2023-asian-markets-follow-wall-street-higher-gold-shines","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/thursday-30th-march-2023-asian-markets-follow-wall-street-higher-gold-shines\/","title":{"rendered":"Thursday 30th March 2023: Asian Markets Follow Wall Street Higher, Gold Shines"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Asian Stock Markets : Nikkei down 0.36%, Shanghai Composite up 0.65%, Hang Seng up 0.56%, ASX up 1.02%<\/li>\n\n\n\n<li>Commodities : Gold at $1985.65 (+0.06%), Silver at $23.78 (+1.35%), Brent Oil at $77.76 (+0.22%), WTI Oil at $73.19 (+0.30%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.547, UK 10-year yield at 3.456, Germany 10-year yield at 2.246<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(EUR) Spanish Flash CPI y\/y 3.30% vs 3.90% expected<\/li>\n\n\n\n<li>(USD) Pending Home Sales m\/m 0.80% vs -2.90% expected<\/li>\n\n\n\n<li>(AUD) CPI y\/y 6.80% vs 7.20% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>&nbsp;Asian markets ended the first quarter on a positive note, as investors shrugged off concerns about rising COVID-19 cases and tighter lockdowns in some countries and focused on the prospects of a global economic recovery. The Federal Reserve\u2019s dovish tone after its latest rate hike also boosted sentiment, as it signaled a more gradual and cautious approach to monetary policy normalization. The Bank of England is expected to tighten policy further later in the day.<\/p>\n\n\n\n<p>Among the major indices, Australia\u2019s S&amp;P\/ASX 200 added 1.0%. The index was lifted by gains in energy, materials and financials sectors, as commodity prices remained elevated and bank stocks recovered from recent losses. South Korea\u2019s Kospi rose 0.7%, Hong Kong\u2019s Hang Seng gained 0.6%, and China\u2019s Shanghai Composite advanced 0.7%. Japan\u2019s Nikkei 225 was the only laggard, shedding 0.4%. The index was weighed down by concerns about Japan\u2019s slow vaccination rollout and rising COVID-19 infections, which prompted some local governments to impose stricter measures to curb the spread of the virus. The index was also pressured by a stronger yen, which appreciated against the US dollar, as investors sought safety amid global market volatility.<\/p>\n\n\n\n<p>In commodities, gold firmed up above $1,970 an ounce, as the Fed\u2019s dovish tone boosted its appeal as a hedge against inflation and currency weakness. Crude oil fell below $70 a barrel, as rising US inventories and OPEC+ supply weighed on the market. The US dollar index, which measures the greenback against a basket of six major currencies, slipped to 91.8, as investors pared back their expectations for more rate hikes this year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; (USD) Final GDP q\/q<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (USD) Unemployment Claims<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (USD) Final GDP Price Index q\/q<\/li>\n\n\n\n<li>04:00 PM GMT &#8211; (CHF) Gov Board Member Maechler Speaks<\/li>\n\n\n\n<li>07:45 PM GMT &#8211; (USD) Treasury Sec Yellen Speaks<\/li>\n\n\n\n<li>11:30 PM GMT &#8211; (JPY) Tokyo Core CPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp;Asian markets ended the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-62131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=62131"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62131\/revisions"}],"predecessor-version":[{"id":62159,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62131\/revisions\/62159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=62131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=62131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=62131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}