{"id":70183,"date":"2025-05-05T15:51:54","date_gmt":"2025-05-05T05:51:54","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=70183"},"modified":"2025-08-05T19:41:44","modified_gmt":"2025-08-05T09:41:44","slug":"monday-5th-may-2025-global-markets-mixed-as-albanese-wins-second-term","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/monday-5th-may-2025-global-markets-mixed-as-albanese-wins-second-term\/","title":{"rendered":"Monday 5th May 2025: Global Markets Mixed as Albanese Wins Second Term"},"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 1.04%, Shanghai Composite down 0.2%, Hang Seng up 1.72% ASX down 0.82%<\/li>\n\n\n\n<li>Commodities : Gold at $3265.35 (0.69%), Silver at $32.58 (0.49%), Brent Oil at $69.38 (-3.5%), WTI Oil at $56.10 -3.49%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.316, UK 10-year yield at 4.500, Germany 10-year yield at 2.5200<\/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; 0.2%&nbsp; to 0.3%&nbsp; expected<\/li>\n\n\n\n<li>(USD) Non-Farm Employment Change&nbsp; 177K&nbsp; to 138K&nbsp; expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate&nbsp; 4.2%&nbsp; to 4.2%&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Australian stocks slipped on Monday following Prime Minister Anthony Albanese\u2019s re-election, making him the first leader in 21 years to win a second consecutive term. The S&amp;P\/ASX 200 dropped 0.84% in late trading, reversing earlier gains that had taken it to its highest level since late February. The market\u2019s reaction suggests cautious investor sentiment despite the political continuity. Meanwhile, the Australian dollar appreciated 0.33% to 0.6462 against the U.S. dollar.<\/p>\n\n\n\n<p>Most major Asian markets, including Japan, South Korea, Hong Kong, and mainland China, remained closed for public holidays. However, Taiwan\u2019s Taiex index edged down 0.72% during choppy trade, even as its currency, the New Taiwanese dollar, surged 3.16% to 29.738\u2014its strongest level in nearly three years. The offshore Chinese yuan also rose slightly to 7.2049 against the greenback, reaching its highest value since November 2024.<\/p>\n\n\n\n<p>In India, both the Nifty 50 and BSE Sensex saw early gains, rising 0.66% and 0.57%, respectively. Stocks linked to billionaire Gautam Adani rallied sharply after Bloomberg reported that his representatives met with officials from former U.S. President Donald Trump\u2019s administration to discuss dropping criminal bribery charges. Adani Enterprises surged 4.66%, with other group companies like Adani Ports, Power, Green, and Energy seeing gains between 3.38% and 4.22%.<\/p>\n\n\n\n<p>Elsewhere, Indonesia\u2019s economy grew by 4.87% year-on-year in Q1, its slowest pace since late 2021 and below analyst expectations. Oil prices dropped sharply after OPEC+ decided to increase production for a second straight month\u2014Brent crude fell 3.59% to $59.09, and WTI dropped 3.89% to $56.02. In the U.S., futures edged down after Wall Street posted strong gains Friday. The S&amp;P 500 rose 1.47%, marking its ninth consecutive advance\u2014the longest streak since 2004\u2014while the Dow Jones and Nasdaq also closed significantly higher.<\/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 ISM Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Australian stocks slipped on [&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-70183","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\/70183","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=70183"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70183\/revisions"}],"predecessor-version":[{"id":70188,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70183\/revisions\/70188"}],"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=70183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=70183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=70183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}