{"id":63708,"date":"2023-12-06T18:00:24","date_gmt":"2023-12-06T07:00:24","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=63708"},"modified":"2025-11-10T18:13:04","modified_gmt":"2025-11-10T07:13:04","slug":"wednesday-6th-dec-2023-market-rebound-spurs-asia-pacific-recovery-amid-global-fluctuations","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/wednesday-6th-dec-2023-market-rebound-spurs-asia-pacific-recovery-amid-global-fluctuations\/","title":{"rendered":"Wednesday 6th Dec 2023: Market Rebound Spurs Asia-Pacific Recovery Amid Global Fluctuations"},"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 up 2.01%, Shanghai Composite down 0.09%, Hang Seng up 0.94% ASX up 1.65%<\/li>\n\n\n\n<li>Commodities : Gold at $2043.45 (0.34%), Silver at $24.89 (0.24%), Brent Oil at $77.29 (0.12%), WTI Oil at $72.3 (-0.03%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.195, UK 10-year yield at 4.054, Germany 10-year yield at 2.264<\/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) ISM Services PMI 52.7 vs 52.2 expected<\/li>\n\n\n\n<li>(USD) JOLTS Job Openings 8.73M vs 9.31M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets rebounded strongly, led by Japan&#8217;s markets after a widespread sell-off. Investors focused on Australia&#8217;s third-quarter GDP and Japan&#8217;s December Reuters Tankan survey, indicating improved sentiment among major Japanese manufacturers. The Tankan survey, conducted quarterly by the Bank of Japan, is a critical economic gauge, while the Reuters monthly poll is seen as a leading indicator for the BOJ&#8217;s official survey.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 surged by 2.04%, closing at 33,445.9, marking the most substantial gains among major Asian indices. Australia&#8217;s S&amp;P\/ASX 200 rose by 1.65%, reaching 7,178.4, its highest point since September 19. Australia&#8217;s economy expanded by 2.1% year-on-year in Q3, surpassing economists&#8217; expectations.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi made a modest gain of 0.2%, while the smaller Kosdaq surged by 0.83%. Hong Kong&#8217;s Hang Seng index rebounded by 1.06% from a one-year low, and China&#8217;s mainland CSI 300 index saw a 0.52% increase after hitting four-year lows on Tuesday.<\/p>\n\n\n\n<p>In contrast, the U.S. experienced declines with the Dow Jones Industrial Average falling by 0.22%, and the S&amp;P 500 dropping marginally by 0.06%. However, the Nasdaq Composite closed with a 0.31% gain at 14,229.91, driven by strong performance in technology shares, counteracting the overall downward trend in the U.S. markets.<\/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>1:15 PM GMT &#8211; USD ADP Non-Farm Employment Change<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Trade Balance<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; CAD BOC Rate Statement<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; CAD Overnight Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets rebounded strongly, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":74214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-63708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/63708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=63708"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/63708\/revisions"}],"predecessor-version":[{"id":63712,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/63708\/revisions\/63712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/74214"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=63708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=63708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=63708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}