{"id":68592,"date":"2024-12-18T18:52:28","date_gmt":"2024-12-18T07:52:28","guid":{"rendered":"https:\/\/www.icmarkets-vnh.com\/blog\/?p=68592"},"modified":"2025-11-11T17:46:27","modified_gmt":"2025-11-11T06:46:27","slug":"wednesday-18th-december-2024-asia-pacific-markets-mixed-as-investors-eye-fed-and-boj-rate-decisions","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/wednesday-18th-december-2024-asia-pacific-markets-mixed-as-investors-eye-fed-and-boj-rate-decisions\/","title":{"rendered":"Wednesday 18th December 2024: Asia-Pacific Markets Mixed as Investors Eye Fed and BOJ Rate Decisions"},"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 0.07%, Shanghai Composite down 0.51%, Hang Seng down 0.20% ASX up 0.78%<\/li>\n\n\n\n<li>Commodities : Gold at $2668.35 (-0.04%), Silver at $30.84 (-0.38%), Brent Oil at $74.09 (-0.16%), WTI Oil at $70.4 (-0.39%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.401, UK 10-year yield at 4.4400, Germany 10-year yield at 2.2430<\/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) Core Retail Sales m\/mI 0.2% vs 0.4% expected<\/li>\n\n\n\n<li>(USD) Retail Sales m\/m 0.7% vs 0.6% expected<\/li>\n\n\n\n<li>(CAD) CPI m\/m 0.0% vs 0.1% expected<\/li>\n\n\n\n<li>(CAD) Median CPI y\/y 2.6% vs 2.4% expected<\/li>\n\n\n\n<li>(CAD) Trimmed CPI y\/y 2.7% vs 2.6% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Wednesday, following Wall Street losses and ahead of the Federal Reserve&#8217;s rate decision. Investors in Asia also reviewed Japan\u2019s latest trade data before the Bank of Japan&#8217;s rate decision later this week.<\/p>\n\n\n\n<p>Japan&#8217;s exports increased 3.8% year-on-year in November, surpassing the expected 2.8% growth, while imports fell 3.8%, much more than the anticipated 1% rise. As a result, Japan posted a trade deficit of \u00a5117.6 billion ($765.2 million), larger than the expected deficit of \u00a5688.9 billion. Japan&#8217;s Nikkei 225 index dropped 0.4%, and the Topix was down 0.05%.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi rose by 1%, though the Kosdaq was down 0.3%. In Australia, the S&amp;P\/ASX 200 dipped 0.06%, closing at 8,309.4. Meanwhile, Hong Kong&#8217;s Hang Seng index gained 0.6%, and mainland China\u2019s CSI 300 was up 0.5%.<\/p>\n\n\n\n<p>Markets are also awaiting a rate decision from the People&#8217;s Bank of China on Friday, as the country\u2019s loan prime rates (LPR) guide both corporate and household lending.<\/p>\n\n\n\n<p>In the U.S., trading on Tuesday saw the Dow Jones Industrial Average fall for the ninth consecutive day, its longest losing streak since 1978, dropping 267.58 points, or 0.61%. The S&amp;P 500 lost 0.39%, and the Nasdaq Composite dropped 0.32%. This decline follows a shift into technology stocks, as the broader market remains strong with the S&amp;P 500 and Nasdaq hitting recent record highs.<\/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>01:30 PM GMT &#8211; USD Building Permits<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Housing Starts<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Current Acount<\/li>\n\n\n\n<li>07:00 PM GMT &#8211; USD Federal Funds Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets were 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],"tags":[],"class_list":["post-68592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68592","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=68592"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68592\/revisions"}],"predecessor-version":[{"id":68593,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68592\/revisions\/68593"}],"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=68592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}