{"id":25613,"date":"2018-03-20T12:31:02","date_gmt":"2018-03-20T07:01:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25613"},"modified":"2018-03-20T12:31:02","modified_gmt":"2018-03-20T07:01:02","slug":"tuesday-20th-march-facebook-pulls-down-global-markets","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-20th-march-facebook-pulls-down-global-markets\/","title":{"rendered":"Tuesday 20th March: Facebook pulls down global markets"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 0.29%, Hang Seng up 0.20%, ASX down 0.39% <\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1315.80 (-0.15%), Silver at $16.32 (-0.03%), WTI Oil at $66.57 (+0.79%), Brent Oil at $62.67 (+0.87%) <\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.865, UK 10-year yield at 1.443, Germany 10-year yield at 0.567<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) HPI q\/q 1.00% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Westpac Consumer Sentiment 111.2 vs 107.4 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) CB Leading Index m\/m -0.10% vs -0.30% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Trade Balance 19.9B vs 22.6B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Italian Trade Balance -0.09B vs 4.87B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Italian Industrial Production m\/m -1.90% vs -0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Rightmove HPI m\/m 1.50% vs 0.80% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Premier Li Keqiang promises China&#39;s economy &#39;will open even wider,&#39; Beijing will eliminate import tariffs on drugs<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mark Zuckerberg&#39;s Net Worth Drops $6 Billion In Response To Facebook Data Scandal<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded in the red today, echoing sentiment in the Wall Street, which was dragged by Facebook and other tech majors, following reports that Facebook had allowed improper access to data and may be more strictly regulated in the coming days. Investors are also looking forward to Chairman Powell&rsquo;s first Fed meeting, which starts today &ndash; although outcomes are only expected tomorrow.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Pharma was the saving grace in an otherwise falling Chinese market &ndash; pharma gains were driven by positive earnings. In Australia, the RBA minutes went largely unnoticed, and miners continue to drag the indices, given iron ore volatility,<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar was largely flat, with no big moves before the fed announcements. The Euro gained on reports of ECB officials shifting their debate to the expected path of interest rates. The Sterling also made gains, after the EU and Britain agreed to a 21 month post Brexit transition period. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Then yen traded flat, with the riskiness of the &lsquo;safe-haven&rsquo; currency increased by the ongoing political scandal. Oil prices were flat, although the tensions between Saudi Arabia and Iran are expected to dictate its movement in the coming days.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 AM GMT &#8211; (AUD) HPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:15 AM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (All) G20 Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 0.29%, Hang Seng up 0.20%, ASX down 0.39% Commodities : Gold at $1315.80 (-0.15%), Silver at $16.32 (-0.03%), WTI Oil at $66.57 (+0.79%), Brent Oil at $62.67 (+0.87%) Rates : US 10-year yield at 2.865, UK 10-year yield at 1.443, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-20th-march-facebook-pulls-down-global-markets\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th March: Facebook pulls down global markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25613"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25613\/revisions"}],"predecessor-version":[{"id":25614,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25613\/revisions\/25614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25610"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}