{"id":26630,"date":"2018-05-21T11:35:28","date_gmt":"2018-05-21T06:05:28","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26630"},"modified":"2018-05-24T22:33:01","modified_gmt":"2018-05-24T17:03:01","slug":"monday-21st-may-asian-markets-mostly-higher-as-us-trade-war-with-china-on-hold","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-21st-may-asian-markets-mostly-higher-as-us-trade-war-with-china-on-hold\/","title":{"rendered":"Monday 21st May: Asian Markets Mostly Higher As US trade war with China &#8220;on hold&#8221;"},"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 up 0.47%, Shanghai Composite up 0.79%, Hang Seng up 1.24%, ASX down 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1287.00 (-0.33%), Silver at $16.39 (-0.40%), Brent at $79.11 (+0.76%), WTI Oil at $71.91 (+0.76%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.071, UK 10-year yield at 1.501, Germany 10-year yield at 0.570&nbsp;<\/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;\">(NZD) Core Retail Sales q\/q 0.60% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Retail Sales q\/q 0.10% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y 2.10% vs 2.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m 0.60% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y 2.10% vs 2.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y 1.90% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Core Retail Sales m\/m -0.20% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m 0.30% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japanese Exports Rebound in April After Weak March Reading<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD\/JPY ticks over 111.00 as markets turn risk-on following US, China trade spat cool-off<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar edges up versus yen as U.S.-China trade war fears recede<\/span>\n\t<\/li>\n<\/ul>\n<h4 style=\"line-height: 30px; margin: 0px 0px 14px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 18px; font-family: Roboto, Helvetica, sans-serif; vertical-align: baseline; outline: none; -webkit-font-smoothing: antialiased !important;\">\n\t<span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><strong style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\">CFTC Positioning Data (Week Ending May 15th, 2018)<\/strong><\/span><\/span><br \/>\n<\/h4>\n<ul style=\"padding-right: 30px; padding-left: 30px; margin: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">EUR long 115K vs 120K long last week.. Longs trimmed by 5K&nbsp;<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">GBP long 6K vs 9K long last week. Longs trimmed by 3K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">JPY long 4K vs -5K short last week. Longs increased by 9K turning the net speculative position to long from short&nbsp;<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CHF short 36K vs 32K short last week. Shorts increased by 4K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">CAD short 24K vs 24K&nbsp;<strong style=\"box-sizing: border-box;\">short<\/strong>&nbsp;last week. Unchanged from last week.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">AUD short 23k vs 17K&nbsp;short&nbsp;last week.&nbsp; Shorts increased by 6K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t<span style=\"font-size:14px;\">NZD long 2K vs 13K long last week.&nbsp; Longs trimmed by 11K.&nbsp;<\/span>\n\t<\/li>\n<\/ul>\n<p style=\"box-sizing: border-box;\">\n\t&nbsp;\n<\/p>\n<p style=\"box-sizing: border-box;\">\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock&nbsp;markets&nbsp;are mostly higher on Monday after U.S. Treasury Secretary Steven Mnuchin said that the U.S. trade war with China is &quot;on hold&quot; as the world&#39;s two largest economies work on a wider trade agreement. On Saturday, Chinese and American negotiators reached an agreement to set up a framework for addressing trade imbalances in the future.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is advancing after U.S. Treasury Secretary Steven Mnuchin said that the U.S. trade war with China is &quot;on hold&quot;. Better-than-expected Japanese trade surplus for the month of April also boosted investor sentiment. The Australian market is edging higher after a weak start. Gains by oil stocks helped offset weakness in banks and mining stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">As safe-haven demand for debt fell, U.S. bond prices were under pressure, keeping their yields not far from last week&rsquo;s peaks.The 10-year Treasuries yield stood at 3.065 percent, near a seven-year high of 3.128 percent hit on Friday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices held firm near 3-1\/2-year highs also on easing trade tensions between the world&rsquo;s two biggest economies.Oil prices have been supported by plummeting Venezuelan production, in addition to a solid global demand and supply concerns stemming from tensions in the Middle East.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span>\n<\/p>\n<ul>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (CHF) Bank Holiday<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (EUR) French Bank Holiday<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (EUR) German Bank Holiday<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">8:00 am GMT &#8211; (EUR) ECB Financial Stability Review<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (CAD) Bank Holiday<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\">03:30&nbsp; PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li style=\"margin-left: 54pt;\">\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&#8230;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.47%, Shanghai Composite up 0.79%, Hang Seng up 1.24%, ASX down 0.05% Commodities : Gold at $1287.00 (-0.33%), Silver at $16.39 (-0.40%), Brent at $79.11 (+0.76%), WTI Oil at $71.91 (+0.76%) Rates : US 10-year yield at 3.071, UK 10-year yield at 1.501, Germany 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-21st-may-asian-markets-mostly-higher-as-us-trade-war-with-china-on-hold\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 21st May: Asian Markets Mostly Higher As US trade war with China &#8220;on hold&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26630","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\/26630","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=26630"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26630\/revisions"}],"predecessor-version":[{"id":26632,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26630\/revisions\/26632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25445"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}