{"id":27503,"date":"2018-07-23T11:32:27","date_gmt":"2018-07-23T06:02:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27503"},"modified":"2018-07-23T11:32:27","modified_gmt":"2018-07-23T06:02:27","slug":"monday-23rd-july-asian-markets-mostly-lower","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-23rd-july-asian-markets-mostly-lower\/","title":{"rendered":"Monday 23rd July: Asian markets mostly lower"},"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 1.38%, Shanghai Composite up 0.76%, Hang Seng up 0.15%, ASX down 0.91%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1231.10 (0.00%), Silver at $15.52 (-0.22%), Brent Oil at $72.94 (-0.18%), WTI Oil at $68.09 (-0.25%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.895, UK 10-year yield at 1.233, Germany 10-year yield at 0.373<\/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;\">(CAD) Trimmed CPI y\/y 2.00% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m 2.00% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y 2.00% vs 2.00% 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 1.40% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m 0.10% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Public Sector Net Borrowing 4.5B vs 3.6B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">G20 Summit Ends with No Clear Path Forward on Trade or Growth<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">New Zealand Acting Prime Minister Winston Peters: Inflation not sole issue facing economy, new reserve bank legislation tabled in parliament<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump to Iranian President Rouhani: Never, ever threaten the United States again or you will suffer consequences<\/span>\n\t<\/li>\n<\/ul>\n<h4 style=\"margin: 0px 0px 20px; padding: 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;\">\n\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: 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 July 17th, 2018)<\/strong><\/span><\/span><br \/>\n<\/h4>\n<ul>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">EUR long 21K vs 24K long last week. Longs trimmed by 3K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">GBP short 38K vs 40K short last week. Shorts trimmed by 2K<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">JPY short 59K vs 40K short last week. Shorts increased by 19K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">CHF short 42K vs 40K short last week. Shorts increased by 2K<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">CAD short 47K vs 53K short last week. SHorts trimmed by 6K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">AUD short 41k vs 41K&nbsp;short&nbsp;last week. Unchanged on the week.&nbsp;<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">NZD short 25K vs 27K short last week.&nbsp; Shorts trimmed by 2K.<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticized the Federal Reserve&rsquo;s tightening policy and also accused the European Union as well as China of manipulating their currencies. Worries about trade wars also weighed on investor sentiment. The G20 finance ministers issued a warning on Sunday that &quot;heightened trade and geopolitical tensions&quot; posed an increased risk to global growth.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is notably lower following the negative lead from Wall Street and as the yen strengthened amid speculation that the Bank of Japan is actively discussing changes to its stimulus policy. Gains by banks were more than offset by weakness in exporters&#39; shares. The Australian market is also on the decline. Mining, bank and oil stocks are lower. Meanwhile, Chinese equities were mixed.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Shanghai composite reversed early losses to climb 0.7 percent, and the smaller Shenzhen composite pared steeper gains seen earlier to last trade lower by 0.2 percent. The blue-chip CSI 300 index, meanwhile, added 0.5 percent in afternoon trade.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar nursed its wounds on the back of those comments after Friday&#39;s slide. The dollar index, which tracks the greenback against a basket of currencies, stood at 94.279 after stumbling in the last session. Trump&rsquo;s comments against Fed rate hikes helped steepen the Treasury yield curve. In commodities, oil prices were held back by concerns over U.S.-China trade tensions and increased supply.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, July 23<sup>rd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (GBP) MPC Member Broadbent Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, July 24<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\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;\">11:45 PM GMT &#8211; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, July 25<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Trimmed Mean CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, July 26<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (All) OPEC-JMMC Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:45 PM GMT &#8211; (EUR) Main Refinancing Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (EUR) ECB Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, July 27<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Advance GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Advance GDP Price Index q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 1.38%, Shanghai Composite up 0.76%, Hang Seng up 0.15%, ASX down 0.91% Commodities : Gold at $1231.10 (0.00%), Silver at $15.52 (-0.22%), Brent Oil at $72.94 (-0.18%), WTI Oil at $68.09 (-0.25%) Rates : US 10-year yield at 2.895, UK 10-year yield at 1.233, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-23rd-july-asian-markets-mostly-lower\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 23rd July: Asian markets mostly lower<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27503","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\/27503","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=27503"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27503\/revisions"}],"predecessor-version":[{"id":27505,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27503\/revisions\/27505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27504"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}