{"id":64258,"date":"2023-06-30T17:46:59","date_gmt":"2023-06-30T07:46:59","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64258"},"modified":"2025-11-11T18:05:10","modified_gmt":"2025-11-11T07:05:10","slug":"friday-30th-june-2023-asian-markets-react-to-us-bank-stress-test-mixed-performance-in-commodities","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-30th-june-2023-asian-markets-react-to-us-bank-stress-test-mixed-performance-in-commodities\/","title":{"rendered":"Friday 30th June 2023: Asian Markets React to US Bank Stress Test, Mixed Performance in Commodities."},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.14%, Shanghai Composite up 0.68%, Hang Seng down 0.04%, ASX up 0.12%<\/li>\n\n\n\n<li>Commodities : Gold at $1914.45 (-0.16%), Silver at $22.54 (-0.12%), Brent Oil at $74.50 (-0.01%), WTI Oil at $69.77 (-0.16%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.859, UK 10-year yield at 4.405, Germany 10-year yield at 2.4100<\/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>&nbsp;(USD) Final GDP q\/q 2.00% vs 1.40% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 239K vs 264K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>&nbsp;Asian stock markets are displaying mostly positive trends on Friday, buoyed by the favorable outcomes of the US Fed&#8217;s annual bank stress test. The results indicate that major banks are well-prepared to endure a severe economic downturn and maintain their lending activities to support households and businesses. Despite mixed signals from global markets overnight, Asian markets exhibit resilience and upward momentum.<\/p>\n\n\n\n<p>The Australian stock market shows a mixed performance on Friday. While it experienced slight declines as it extended losses from the previous session, the benchmark S&amp;P\/ASX 200 managed to report a marginal gain of 0.12%. This divergence reflects the market&#8217;s dynamic nature and the varied performance of different sectors and stocks within the index.<\/p>\n\n\n\n<p>Meanwhile, Japanese stocks have experienced a decline as investors analyze Tokyo&#8217;s core consumer price index, which has consistently exceeded the central bank&#8217;s target for thirteen consecutive months. The Nikkei 225 index contracted by 0.14%, while the Topix index slid by 0.8%. Conversely, South Korea&#8217;s Kospi index saw a modest increase of 0.3%. Notably, Wall Street had a positive session, with the Dow leading the gains driven primarily by major banks such as JPMorgan Chase and Goldman Sachs.<\/p>\n\n\n\n<p>Crude oil prices continue their upward trajectory on Thursday, supported by a significant decline in crude oil stockpiles. However, concerns regarding potential economic slowdown and rising interest rates have tempered the extent of the price increase.<\/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>9:00 AM GMT &#8211; EUR CPI Flash Estimate y\/y<\/li>\n\n\n\n<li>9:00 AM GMT &#8211; EUR Core CPI Flash Estimate y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD GDP m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Core PCE Price Index m\/m<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD Revised UoM Consumer Sentiment<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; CAD BOC Business Outlook Survey<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp;Asian stock markets are [&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-64258","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\/64258","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=64258"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/64258\/revisions"}],"predecessor-version":[{"id":64264,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/64258\/revisions\/64264"}],"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=64258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=64258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=64258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}