{"id":27132,"date":"2018-06-22T11:52:06","date_gmt":"2018-06-22T06:22:06","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27132"},"modified":"2018-06-26T19:01:23","modified_gmt":"2018-06-26T13:31:23","slug":"friday-22nd-june-asian-markets-lower-as-investor-sentiment-worsens","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-22nd-june-asian-markets-lower-as-investor-sentiment-worsens\/","title":{"rendered":"Friday 22nd June: Asian markets lower as investor sentiment worsens"},"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 0.65%, Shanghai Composite up 0.02%, Hang Seng up 0.05%, ASX down 0.13%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1270.60 (+0.01%), Silver at $16.35 (+0.12%), Brent Oil at $73.92 (+1.19%), WTI Oil at $66.33 (+1.21%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.904, UK 10-year yield at 1.268, Germany 10-year yield at 0.332<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 218K vs 220K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Philly Fed Manufacturing Index 19.9 vs 28.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Official Bank Rate 0.50% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) MPC Official Bank Rate Votes 3-0-6 vs 2-0-7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Public Sector Net Borrowing 3.4B vs 5.1B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Libor Rate -0.75% vs -0.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mexico Raises Rate as Peso Weakness Spurs Inflation Concerns<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Greece&#39;s Creditors Agree Landmark Debt Deal as Bailout Saga Ends<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan flash June manufacturing PMI rises, but new export orders contract<\/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 shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output. Saudi Arabia and Russia are pushing for an increase in oil production, and OPEC is expected to announce its decision at the conclusion of the gathering.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Hong Kong&#39;s Hang Seng hit six-month lows, having lost 3.9 percent so far this week. South Korea&#39;s KOSPI hit nine-month lows and in mainland China, the CSI300 index lost almost 5 percent this week to hit one-year lows. The Australian market is edging higher despite the weak cues from Wall Street and lower commodity prices. Gains by banks were offset by weakness in oil and telecom stocks. The Japanese market is also on the decline, with Nikkei shedding as much as 1%; the fall also aggravated by a stronger yen.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">In a sign that escalating tensions between the United States and its trade partners were taking a toll on the economy, the Philadelphia Federal Reserve&rsquo;s gauge of U.S. Mid-Atlantic business activity published on Thursday fell to a 1-1\/2 year low. Despite budding signs of economic damage, trade frictions have shown no sign of abating.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Worsening sentiment pushed U.S. bond yields lower and triggered profit-taking in the dollar. As the dollar lost steam, the euro bounced back after hitting an 11-month low of $1.1508 on Thursday. The U.S. dollar is trading in the 110 yen-range on Friday. The British pound jumped back from a seven-month trough after the Bank of England&rsquo;s chief economist, Andy Haldane, unexpectedly joined the minority of policymakers calling for rates to rise to 0.75 percent, citing concerns about growing wage pressure.<\/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;\">08:00 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (All) OPEC Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\t<span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><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;\"><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;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.65%, Shanghai Composite up 0.02%, Hang Seng up 0.05%, ASX down 0.13% Commodities : Gold at $1270.60 (+0.01%), Silver at $16.35 (+0.12%), Brent Oil at $73.92 (+1.19%), WTI Oil at $66.33 (+1.21%) Rates : US 10-year yield at 2.904, UK 10-year yield at 1.268, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-22nd-june-asian-markets-lower-as-investor-sentiment-worsens\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 22nd June: Asian markets lower as investor sentiment worsens<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27132","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\/27132","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=27132"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27132\/revisions"}],"predecessor-version":[{"id":27134,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27132\/revisions\/27134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27133"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}