Market Talk – Wednesday, April 28

ASIA:

Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus pandemic last year. The world’s third-largest economy has emerged from last year’s slump on an export recovery, though a glacial vaccine rollout and a resurgence in infections are threatening household demand. Retail sales jumped 5.2% in March from a year earlier, government data showed on Wednesday, a larger gain than the median market forecast for a 4.7% rise. That marked the fastest rise since a 6.4% advance in October and the first positive growth in four months.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 62.08 points or 0.21% to 29,053.97
  • Shanghai increased 14.46 points or 0.42% to 3,457.07
  • Hang Seng increased 129.80 points or 0.45% to 29,071.34
  • ASX 200 increased 30.90 points or 0.44% to 7,064.70
  • Kospi decreased 33.95 points or -1.06% to 3,181.47
  • SENSEX increased 789.70 points or 1.61% to 49,733.84
  • Nifty50 increased 211.50 points or 1.44% to 14,864.55

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.0001 or 0.02% to 0.77697
  • NZDUSD increased 0.0037 or 0.51% to 0.72413
  • USDJPY increased 0.0590 or 0.05% to 108.82
  • USDCNY decreased 0.0068 or -0.10% to 6.47560

Precious Metals:

  • Gold decreased 3.05 USD/t oz. or -0.17% to 1,773.64
  • Silver decreased 0.26 USD/t. oz or -0.99% to 25.980

Some economic news from last night:

Japan:

Retail Sales (YoY) (Mar) increased from -1.5% to 5.2%

South Korea:

Consumer Confidence (Apr) increased from 100.5 to 102.2

Australia:

CPI (YoY) (Q1) increased from 0.9% to 1.1%

CPI (QoQ) (Q1) decreased from 0.9% to 0.6%

CPI Index Number (Q1) increased from 117.20 to 117.90

Trimmed Mean CPI (YoY) (Q1) decreased from 1.2% to 1.1%

Trimmed Mean CPI (QoQ) (Q1) decreased from 0.4% to 0.3%

Weighted mean CPI (YoY) (Q1) decreased from 1.4% to 1.3%

1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.