{"id":64317,"date":"2023-07-04T17:43:56","date_gmt":"2023-07-04T07:43:56","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64317"},"modified":"2025-11-11T18:04:41","modified_gmt":"2025-11-11T07:04:41","slug":"tuesday-4th-july-2023-mixed-performance-in-asian-stocks-gold-and-oil-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-4th-july-2023-mixed-performance-in-asian-stocks-gold-and-oil-on-the-rise\/","title":{"rendered":"Tuesday 4th July 2023: Mixed Performance in Asian Stocks, Gold and Oil on the Rise"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.00%, Shanghai Composite up 0.01%, Hang Seng up 0.51%, ASX up 0.45%<\/li>\n\n\n\n<li>Commodities : Gold at $1934.05 (+0.24%), Silver at $23.172 (+0.27%), Brent Oil at $75.05 (-0.51%), WTI Oil at $70.19 (+0.58%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.858, UK 10-year yield at 4.483, Germany 10-year yield at 2.4430<\/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) ISM Manufacturing PMI 46.0 vs 47.2 expected<\/li>\n\n\n\n<li>(USD) ISM Manufacturing Prices 41.8 vs 44.0<\/li>\n\n\n\n<li>(AUD) Cash Rate 4.10% vs 4.10%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>In Asian markets, investors closely evaluated the Reserve Bank of Australia&#8217;s decision to maintain its rates at 4.10%. The Australian S&amp;P\/ASX 200 initially experienced losses but managed to recover, closing with a 0.45% gain at 7,279. Meanwhile, the Australian dollar weakened by 0.3% against the U.S. dollar, settling at 0.665.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 retreated from its recent 33-year high, declining by 1.00% to reach 33,422.53. The Topix index also experienced a smaller loss, ending the session at 2,306.37, down by 0.62%. Meanwhile, in South Korea, the Kospi dropped by 0.35%, closing at 2,593.31. This decline occurred as the country&#8217;s consumer price index grew at a slower rate of 2.7% in June, marking the fifth consecutive month of decline and bringing it closer to the central bank&#8217;s target range.<\/p>\n\n\n\n<p>&nbsp;In the United States, all three major indexes made gains during the shortened trading session ahead of Independence Day. The Nasdaq Composite rose by 0.21%, the S&amp;P 500 advanced by 0.12%, and the Dow Jones Industrial Average increased by 0.03%.<\/p>\n\n\n\n<p>In the commodities market, the price of gold stood at $1934.05, showing a slight increase of 0.24%. Silver was valued at $23.172, with a rise of 0.27%. However, Brent oil witnessed a decrease, settling at $75.05 with a decline of 0.51%. On the other hand, WTI oil saw a positive trend, reaching $70.19, marking an increase of 0.58%.<\/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>1:30 PM GMT &#8211; CAD Manufacturing PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: In Asian markets, investors [&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-64317","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\/64317","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=64317"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/64317\/revisions"}],"predecessor-version":[{"id":64318,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/64317\/revisions\/64318"}],"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=64317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=64317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=64317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}