_edited_edited.png)
Markets Update: APAC markets lower as investors anticipate US CPI and UK GDP Estimate - USD/JPY grinds back most of Monday's losses post-BOJ Gov Ueda's weekend comments;
Economic Calendar
Global Markets Roundup: 13 Sep 2023
Asian markets were lower on Wednesday, following the tech-led declines on Wall Street on Wednesday due to the Apple event. Investors were also cautious ahead of the upcoming US CPI data. Apple shares sold off after the new iPhone prices provided some disappointment.
Some investors also cited a "sell the news" event, as the Apple event was widely anticipated. The euro remained indecisive after yesterday's whipsawing, while the US dollar index eked mild gains amid the risk-off mood. The yen resumed its upward trend after finding support near 147.00.
The ASX 200 declined as tech stocks mirrored the underperformance seen in US counterparts. The Nikkei 225 swung between gains and losses, but eventually slipped. The Hang Seng and Shanghai Comp were also lower.
US equity futures were marginally extended on the prior day's losses.
FX markets
The dollar index eked mild gains amid the risk-off mood but with price action kept rangebound in the absence of fresh macro drivers. The euro remained indecisive after yesterday's whipsawing. The pound struggled for direction. The yen resumed its upward trend after it springboarded from a platform at the 147.00 level.
Bond markets
10-year UST futures remained subdued after the prior day's indecisive performance ahead of the US CPI data. Bund futures extended on recent selling pressure. 10-year JGB futures were choppy.
Commodities
Crude futures slightly extended on the prior day's gains, although gains in the complex were capped after bearish private inventories and the overall risk-off mood.
Spot gold languished around the prior day's lows as participants awaited key inflation data. Copper futures were lacklustre.
Key events to watch
UK GDP Estimate
US CPI
IEA Oil Market Report
Supply from Italy, UK, Germany & US
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team
Yorumlar