{"id":62527,"date":"2023-04-18T19:39:32","date_gmt":"2023-04-18T09:39:32","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=62527"},"modified":"2025-11-11T18:14:21","modified_gmt":"2025-11-11T07:14:21","slug":"tuesday-18th-april-2023-chinas-gdp-data-in-focus-as-asian-markets-end-mixed-commodities-slide","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-18th-april-2023-chinas-gdp-data-in-focus-as-asian-markets-end-mixed-commodities-slide\/","title":{"rendered":"Tuesday 18th April 2023: China\u2019s GDP Data in Focus as Asian Markets End Mixed; Commodities Slide"},"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 0.51%, Shanghai Composite up 0.23%, Hang Seng down 0.63%, ASX down 0.29%<\/li>\n\n\n\n<li>Commodities : Gold at $2015.05 (+0.40%), Silver at $25.23 (+0.55%), Brent Oil at $84.55 (-0.25%), WTI Oil at $80.64 (-0.24%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.600, UK 10-year yield at 3.778, Germany 10-year yield at 2.495<\/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>(GBP) Average Earnings Index 3m\/y 5.90% vs 5.10% expected<\/li>\n\n\n\n<li>(GBP) Claimant Count Change 28.2K vs -2.5K expected<\/li>\n\n\n\n<li>(CNY) GDP q\/y 4.50% vs 4.00% expected<\/li>\n\n\n\n<li>(USD) Empire State Manufacturing Index 10.8 vs -17.7 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 mixed on Tuesday as investors awaited the release of China&#8217;s first quarter GDP data and digested the latest earnings reports from Wall Street. China&#8217;s economy is expected to have grown 4% year-on-year in the first quarter, according to a Reuters poll, after expanding 2.9% in the previous quarter.&nbsp;<\/p>\n\n\n\n<p>The Shanghai Composite Index edged up 0.6% to close at 3,391.61, while the Shenzhen Component Index added 0.8% to end at 13,638.51. The Hang Seng Index in Hong Kong slipped 0.5% to finish at 20,696.45, weighed down by losses in technology and consumer stocks.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 Index rose 1.2% to close at 28,858.83, boosted by gains in financials and industrials. The broader Topix Index advanced 1% to end at 1,929.34. The yen weakened slightly against the U.S. dollar, trading at 134.18 per dollar.<\/p>\n\n\n\n<p>In South Korea, the Kospi Index fell 0.9% to close at 2,402.64, dragged down by declines in chipmakers and automakers. Samsung Electronics dropped 1.6%, SK Hynix lost 2%, Hyundai Motor shed 2.4%, and Kia Motors slid 3%.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 Index closed 1.1% lower at 7,224.8, as mining and energy stocks retreated amid lower commodity prices. BHP Group fell 2%, Rio Tinto declined 1.8%, Woodside Petroleum lost 2%, and Santos dropped 2.7%.<\/p>\n\n\n\n<p>Commodities also came under pressure as the U.S. dollar strengthened against a basket of major currencies. The dollar index rose 0.1% to 97.76, making it more expensive for foreign buyers to purchase dollar-denominated commodities.<\/p>\n\n\n\n<p>Gold futures on the COMEX division of the New York Mercantile Exchange fell 0.4% to settle at $2,007 per ounce, while silver futures dropped 1.5% to close at $25.088 per ounce. Platinum futures rose 0.5% to settle at $1,059.60 per ounce.<\/p>\n\n\n\n<p>Crude oil futures on the New York Mercantile Exchange settled lower as concerns over rising global supply and demand uncertainty weighed on sentiment. WTI crude for May delivery fell 0.2% to settle at $80.65 per barrel, while Brent crude for June delivery slipped 0.3% to settle at $83.42 per barrel.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>09:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (CAD) CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; (CAD) BOC Gov Macklem Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp;Asian markets ended 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-62527","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\/62527","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=62527"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62527\/revisions"}],"predecessor-version":[{"id":62529,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/62527\/revisions\/62529"}],"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=62527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=62527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=62527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}