{"id":68867,"date":"2024-11-05T17:09:33","date_gmt":"2024-11-05T06:09:33","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=68867"},"modified":"2025-11-10T16:43:29","modified_gmt":"2025-11-10T05:43:29","slug":"tuesday-5th-november-2024-asia-pacific-markets-mixed-as-investors-await-u-s-election-and-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-5th-november-2024-asia-pacific-markets-mixed-as-investors-await-u-s-election-and-fed-rate-decision\/","title":{"rendered":"Tuesday 5th November 2024: Asia-Pacific Markets Mixed as Investors Await U.S. Election and Fed Rate Decision"},"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 1.45%, Shanghai Composite up 2.13%, Hang Seng up 1.57% ASX down 0.46%<\/li>\n\n\n\n<li>Commodities : Gold at $2745.35 (0.04%), Silver at $32.60 (0.04%), Brent Oil at $75.34 (0.16%), WTI Oil at $71.53 (0.09%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.303, UK 10-year yield at 4.456, Germany 10-year yield at 2.390<\/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) Factory Orders m\/m&nbsp; -0.5% vs -0.4% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets had a mixed session on Tuesday as investors looked ahead to the U.S. presidential election and a potential interest rate cut by the Federal Reserve later this week.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 climbed 1.4%, and the Topix gained 0.73%. Meanwhile, South Korea\u2019s Kospi declined by 0.17%, while the Kosdaq saw a modest increase of 0.2%. South Korea\u2019s consumer inflation rate in October rose 1.3% year-on-year, slightly below Reuters&#8217; forecast of 1.4%.<\/p>\n\n\n\n<p>In China, the CSI 300 gained 1.53%, while Hong Kong\u2019s Hang Seng Index was up 1.5%. Australia\u2019s S&amp;P\/ASX 200 declined 0.56% as the Reserve Bank of Australia kept its cash rate steady at 4.35%, marking the eighth consecutive meeting with no change, in line with expectations.<\/p>\n\n\n\n<p>In the United States, markets had a down day on Monday. The Dow Jones Industrial Average fell 257.59 points, or 0.61%, to 41,794.60. The S&amp;P 500 edged down 0.28% to 5,712.69, while the Nasdaq Composite dropped 0.33% to close at 18,179.98.<\/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 Trade Balance<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD Trade Balance<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets had a [&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-68867","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\/68867","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=68867"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/68867\/revisions"}],"predecessor-version":[{"id":68870,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/68867\/revisions\/68870"}],"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=68867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=68867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=68867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}