{"id":62363,"date":"2023-04-12T17:41:04","date_gmt":"2023-04-12T07:41:04","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=62363"},"modified":"2025-11-11T18:14:35","modified_gmt":"2025-11-11T07:14:35","slug":"wednesday-12th-april-2023-mixed-start-to-trading-in-asia-as-oil-prices-rise-and-tech-shares-dip","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/wednesday-12th-april-2023-mixed-start-to-trading-in-asia-as-oil-prices-rise-and-tech-shares-dip\/","title":{"rendered":"Wednesday 12th April 2023: Mixed Start to Trading in Asia as Oil Prices Rise and Tech Shares Dip"},"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 up 0.57%, Shanghai Composite up 0.41%, Hang Seng down 1.06%, ASX up 0.47%<\/li>\n\n\n\n<li>Commodities : Gold at $2028.85 (+0.49%), Silver at $25.43 (+0.96%), Brent Oil at $85.89 (+0.33%), WTI Oil at $81.77 (+0.29%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.430, UK 10-year yield at 3.546, Germany 10-year yield at 2.303<\/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>(JPY) PPI y\/y 7.20% vs 7.10% expected<\/li>\n\n\n\n<li>(JPY) Core Machinery Orders m\/m -4.50% vs -6.40% expected<\/li>\n\n\n\n<li>(JPY) Bank Lending y\/y 3.00% vs 3.50% expected<\/li>\n\n\n\n<li>(USD) NFIB Small Business Index 90.1 vs 89.6 expected<\/li>\n\n\n\n<li>(EUR) Retail Sales m\/m -0.80% vs -0.80% expected<\/li>\n\n\n\n<li>(CNY) M2 Money Supply y\/y 12.70% vs 12.70% expected<\/li>\n\n\n\n<li>(CNY) New Loans 3890B vs 3300B expected<\/li>\n\n\n\n<li>(EUR) Sentix Investor Confidence -8.7 vs -11.7 expected<\/li>\n\n\n\n<li>(JPY) Prelim Machine Tool Orders y\/y -15.20% vs -10.70% previous<\/li>\n\n\n\n<li>(CNY) PPI y\/y -2.50% vs -2.50% expected<\/li>\n\n\n\n<li>(CNY) CPI y\/y 0.70% vs 1.00% expected<\/li>\n\n\n\n<li>(AUD) NAB Business Confidence -1 vs -4 previous<\/li>\n\n\n\n<li>(AUD) Westpac Consumer Sentiment 9.40% vs 0.00% previous<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asian markets were mixed in early trading on April 12, 2023, as investors weighed the impact of rising oil prices against a dip in tech shares. The Nikkei 225 index in Japan fell 0.2%, while the Hang Seng index in Hong Kong rose 0.3%. The Shanghai Composite index in China was largely unchanged, while South Korea&#8217;s Kospi index was up 0.1%.<\/p>\n\n\n\n<p>Crude oil prices continued to surge, with Brent crude up 1.3% to $94.12 per barrel, while West Texas Intermediate (WTI) crude was up 1.5% to $90.18 per barrel. The rise in oil prices was driven by concerns over supply disruptions in key producing countries, as well as increased demand as the global economy continues to recover.<\/p>\n\n\n\n<p>Gold prices were largely flat, with spot gold up just 0.1% to $1,776.25 per ounce, as investors took a wait-and-see approach amid mixed market sentiment.<\/p>\n\n\n\n<p>The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, was down 0.1% at 96.62, reflecting a slightly weaker dollar against other major currencies.<\/p>\n\n\n\n<p>Overall, market activity was subdued as investors awaited further economic data and corporate earnings reports later in the week.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 pm GMT &#8211; (USD) CPI m\/m<\/li>\n\n\n\n<li>12:30 pm GMT &#8211; (USD) CPI y\/y<\/li>\n\n\n\n<li>12:30 pm GMT &#8211; (USD) Core CPI m\/m<\/li>\n\n\n\n<li>01:00 pm GMT &#8211; (GBP) BOE Gov Bailey Speaks<\/li>\n\n\n\n<li>02:00 pm GMT &#8211; (CAD) BOC Monetary Policy Report<\/li>\n\n\n\n<li>02:00 pm GMT &#8211; (CAD) BOC Rate Statement<\/li>\n\n\n\n<li>02:00 pm GMT &#8211; (CAD) Overnight Rate<\/li>\n\n\n\n<li>03:00 pm GMT &#8211; (CAD) BOC Press Conference<\/li>\n\n\n\n<li>Day 1 &#8211; (All) G20 Meetings<\/li>\n\n\n\n<li>05:01 pm GMT &#8211; (USD) 10-y Bond Auction<\/li>\n\n\n\n<li>06:00 pm GMT &#8211; (USD) FOMC Meeting Minutes<\/li>\n\n\n\n<li>07:15 pm GMT &#8211; (GBP) BOE Gov Bailey Speaks<\/li>\n\n\n\n<li>07:15 pm GMT &#8211; (EUR) Monetary Policy Statement<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian markets were mixed [&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-62363","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\/62363","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=62363"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62363\/revisions"}],"predecessor-version":[{"id":62364,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62363\/revisions\/62364"}],"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=62363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=62363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=62363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}