{"id":68046,"date":"2024-11-04T17:23:49","date_gmt":"2024-11-04T06:23:49","guid":{"rendered":"https:\/\/www.icmarkets-vnh.com\/blog\/?p=68046"},"modified":"2024-11-04T17:23:50","modified_gmt":"2024-11-04T06:23:50","slug":"monday-4th-november-2024-asia-pacific-markets-climb-amid-key-economic-events","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/monday-4th-november-2024-asia-pacific-markets-climb-amid-key-economic-events\/","title":{"rendered":"Monday 4th November 2024: Asia-Pacific Markets Climb Amid Key Economic Events"},"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 2.74%, Shanghai Composite up 0.63%, Hang Seng up 0.17% ASX up 0.56%<\/li>\n\n\n\n<li>Commodities : Gold at $2748.35 (0.04%), Silver at $32.80 (0.54%), Brent Oil at $74.34 (1.6%), WTI Oil at $70.73 (1.9%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.307, UK 10-year yield at 4.446, Germany 10-year yield at 2.405<\/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>(USD) Average Hourly Earnings m\/m&nbsp; 0.4% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Non &#8211; Farm Employment Change&nbsp; 12K vs 106K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate&nbsp; 4.1% vs 4.1% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets rose on Monday as investors anticipated a busy week, including the U.S. presidential election and the Federal Reserve\u2019s monetary policy meeting. Additionally, China&#8217;s parliament meeting is set to start Monday, with expectations that it will conclude Friday with new fiscal support measures. China\u2019s October trade data will be released Thursday, following weak export and import growth reported in September.<\/p>\n\n\n\n<p>In South Korea, October\u2019s consumer inflation figures, expected Tuesday, are projected to decline for the third consecutive month to 1.4% year-over-year, according to LSEG estimates, marking a steady drop from 2.6% in July. Meanwhile, Australia\u2019s central bank is also expected to announce its interest rate decision on Tuesday, likely holding its official cash rate at 4.35%, as per a Reuters survey.<\/p>\n\n\n\n<p>With Japanese markets closed for a holiday, South Korea\u2019s Kospi index rose 1.51%, and the Kosdaq gained 3.16%. In other markets, Hong Kong\u2019s Hang Seng index increased by 0.1%, mainland China\u2019s CSI 300 rose 0.49%, and Australia\u2019s S&amp;P\/ASX 200 climbed 0.56% to close at 8,164.6. Taiwan\u2019s Weighted Index also saw gains, rising 0.81% to end at 22,965.39.<\/p>\n\n\n\n<p>U.S. stock futures slipped overnight, with futures for the Dow Jones, S&amp;P 500, and Nasdaq-100 each declining between 0.25% and 0.3%. Meanwhile, U.S. crude oil prices surged over 1%, as OPEC+ members postponed a planned output increase. West Texas Intermediate rose 1.42% to $70.47 per barrel, while Brent increased by 1.37% to $74.10.<\/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>03:00 PM GMT &#8211; USD Factory Orders m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets rose on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":65027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,339],"tags":[],"class_list":["post-68046","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\/68046","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=68046"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68046\/revisions"}],"predecessor-version":[{"id":68049,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68046\/revisions\/68049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/65027"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}