{"id":67988,"date":"2024-10-29T17:03:26","date_gmt":"2024-10-29T06:03:26","guid":{"rendered":"https:\/\/www.icmarkets-vng.com\/blog\/?p=67988"},"modified":"2024-10-29T17:03:27","modified_gmt":"2024-10-29T06:03:27","slug":"tuesday-29th-october-2024-asian-markets-waver-amid-political-shifts-and-anticipation-of-major-tech-earnings","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-29th-october-2024-asian-markets-waver-amid-political-shifts-and-anticipation-of-major-tech-earnings\/","title":{"rendered":"Tuesday 29th October 2024: Asian Markets Waver Amid Political Shifts and Anticipation of Major Tech Earnings"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.57%, Shanghai Composite down 0.96%, Hang Seng up 0.41% ASX up 0.34%<\/li>\n\n\n\n<li>Commodities : Gold at $2763.35 (0.24%), Silver at $33.60 (-0.14%), Brent Oil at $70.64 (-0.26%), WTI Oil at $67.39 (-0.29%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.270, UK 10-year yield at 4.257, Germany 10-year yield at 2.2850<\/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) Unemployment Rate&nbsp; 2.4% vs 2.5% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets showed mixed results despite gains on Wall Street, as investors focused on key earnings reports from major technology companies expected to boost the Nasdaq Composite.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 rose 0.5%, adding to the previous day\u2019s gains. This follows a shift in Japan&#8217;s political landscape, with the ruling Liberal Democratic Party losing its parliamentary majority for the first time since 2009 in Sunday\u2019s election. Additionally, Japan\u2019s unemployment rate for September dropped slightly to 2.4%, compared to 2.5% in August and slightly below expectations.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi and Kosdaq saw losses, down 0.51% and 0.41%, respectively, while Australia\u2019s S&amp;P\/ASX 200 index gained 0.36%. In China, Hong Kong\u2019s Hang Seng Index rose by 1.21%, and the CSI 300 increased by 0.17% in early trading. Singapore\u2019s unemployment data will also be closely watched by regional traders.<\/p>\n\n\n\n<p>In the U.S., markets rallied overnight, with the S&amp;P 500 rising by 0.27% to 5,823.52, the Dow Jones advancing 273.17 points (0.65%) to 42,387.57, and the Nasdaq climbing by 0.26% to end at 18,567.19.This week is pivotal for third-quarter earnings, particularly with tech giants Alphabet, Microsoft, Meta, Amazon, and Apple set to report. Additionally, the U.S. is preparing for the presidential election on Nov. 5 and a Federal Reserve policy update on Nov. 7, while investors await Friday\u2019s October jobs report.<\/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>02:00 PM GMT &#8211; USD CB Consumer Confidence<\/li>\n\n\n\n<li>02:00 PM GMT &#8211; USD JOLTS Job Openings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets showed mixed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":65032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,339],"tags":[],"class_list":["post-67988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/67988","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=67988"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/67988\/revisions"}],"predecessor-version":[{"id":67991,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/67988\/revisions\/67991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/65032"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=67988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=67988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=67988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}