{"id":114111,"date":"2021-05-12T00:02:58","date_gmt":"2021-05-12T00:02:58","guid":{"rendered":"https:\/\/fin2me.com\/?p=114111"},"modified":"2021-05-12T00:02:58","modified_gmt":"2021-05-12T00:02:58","slug":"asia-pacific-markets-set-to-trade-cautiously-as-investors-worry-about-inflation","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/asia-pacific-markets-set-to-trade-cautiously-as-investors-worry-about-inflation\/","title":{"rendered":"Asia-Pacific markets set to trade cautiously as investors worry about inflation"},"content":{"rendered":"<ul>\n<li>Futures contracts tied to Japan&#x27;s Nikkei 225 and Australia&#x27;s benchmark ASX 200 pointed to opening losses.<\/li>\n<li>Wednesday&#x27;s session follows overnight sell-off stateside where the Dow Jones Industrial Average experienced its worst day since February. <\/li>\n<li>In the currency market, the U.S. dollar last traded at 90.141, declining from levels near and above 91.00 in the previous week. <\/li>\n<\/ul>\n<p>SINGAPORE \u2014 Asia-Pacific markets were set to trade cautiously on Wednesday, following sharp sell-offs in some markets in the previous session.<\/p>\n<p>Futures contracts tied to Japan&#x27;s Nikkei 225 and Australia&#x27;s benchmark ASX 200 pointed to opening losses.<\/p>\n<p>&quot;The tech led equity rout that began on Monday&#x27;s US trading session extended into our APAC region yesterday and overnight Europe joint the retreat with some heavy losses,&quot; Rodrigo Catril, a senior foreign-exchange strategist at the National Australia Bank, wrote in a morning note.<\/p>\n<p>&quot;Inflation concerns against a backdrop of higher commodity prices was identified as the reason for the US technology led equity sell-off on Monday night,&quot; he said. &quot;That said looking at the data releases over the past 24 hours, one could argue that we had at least one more new evidence that inflation is on the rise.&quot;<\/p>\n<p>China released data on Tuesday that showed factory gate prices rose at the fastest rate in three and a half years in April while consumer prices rose at a more modest pace. That fueled some of the concerns around a rapid rise in inflation that may force central banks to raise interest rates and implement other tightening measures.<\/p>\n<p>Wednesday&#x27;s session follows overnight sell-off stateside where the Dow Jones Industrial Average experienced its worst day since February.<\/p>\n<table><\/table>\n<h2>Currencies and oil<\/h2>\n<p>In the currency market, the U.S. dollar last traded at 90.141, declining from levels near and above 91.00 in the previous week.<\/p>\n<p>The Japanese yen changed hands at 108.65 per dollar, strengthening from last week&#x27;s levels above 109.00. Meanwhile, the Australian dollar traded near flat at $0.7838.<\/p>\n<p>Oil prices traded higher on Wednesday during Asian trading hours. U.S. crude futures rose 0.29% to $65.47 a barrel.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/12\/asia-markets-inflation-concerns-economic-data-dollar-moves.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Futures contracts tied to Japan&#x27;s Nikkei 225 and Australia&#x27;s benchmark ASX 200 pointed to opening losses. Wednesday&#x27;s session follows overnight sell-off stateside where the Dow [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":114110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia-Pacific markets set to trade cautiously as investors worry about inflation - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/asia-pacific-markets-set-to-trade-cautiously-as-investors-worry-about-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia-Pacific markets set to trade cautiously as investors worry about inflation - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Futures contracts tied to Japan&#x27;s Nikkei 225 and Australia&#x27;s benchmark ASX 200 pointed to opening losses. 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