{"id":27558,"date":"2018-07-26T11:37:06","date_gmt":"2018-07-26T06:07:06","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27558"},"modified":"2018-07-26T11:41:55","modified_gmt":"2018-07-26T06:11:55","slug":"thursday-26th-july-asian-markets-subdued-us-eu-step-away-from-trade-war","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-july-asian-markets-subdued-us-eu-step-away-from-trade-war\/","title":{"rendered":"Thursday 26th July: Asian markets subdued; US-EU step away from Trade War"},"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 0.15%, Shanghai Composite down 0.55%, Hang Seng down 0.77%, ASX down 0.04%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1229.50 (-0.19%), Silver at $15.59 (-0.03%), Brent Oil at $74.30 (+0.50%), WTI Oil at $69.28 (-0.03%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.967, UK 10-year yield at 1.272, Germany 10-year yield at 0.395<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong style=\"font-size: 16px;\">News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -6.1M vs -2.6M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 4.40% vs 4.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Ifo Business Climate 101.7 vs 101.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZ FinMin Grant Robertson: RBNZ&#39;s new policy committee could start in 2Q 2019, adds that he sees CPI inflation rising to 2% over time<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China Said to Quickly Withdraw Approval for New Facebook Venture<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">World trade momentum slows further in May<\/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 stock markets started&nbsp;with modest gains earlier in the day as worries about trade wars eased after U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work together to lower industrial tariffs on both sides, but has since lost most of it&#39;s gains. However, Chinese markets slumped. Crude oil prices edged up in Asian trades after extending gains overnight. Ongoing concerns about the outlook for global growth continue to weigh on investor sentiment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Greater China markets deepened their losses by the morning, with the Shanghai Composite declining 0.63 percent, and the smaller Shenzhen Composite losing 0.68 percent. Stocks in most sectors fell, including financials, autos, oil and property. The Hang Seng Index lost as much as 0.74 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Japanese market is modestly lower in choppy trade. The Australian market is declining despite the overnight gains on Wall Street. Losses by the major miners and banking stocks offset gains in the energy sector.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">U.S. Treasury yields remained higher after the Juncker-Trump meeting. The yield on 10-year notes was at 2.9690 percent, compared with its U.S. close of 2.936 percent on Wednesday. Earlier in the week, Treasury prices had slumped along with Japanese government bonds on speculation the Bank of Japan may soon start to taper its massive stimulus. Gold moved slightly higher as the dollar eased. Spot gold was traded at $1,232.09 per ounce.<\/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) 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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.15%, Shanghai Composite down 0.55%, Hang Seng down 0.77%, ASX down 0.04% Commodities : Gold at $1229.50 (-0.19%), Silver at $15.59 (-0.03%), Brent Oil at $74.30 (+0.50%), WTI Oil at $69.28 (-0.03%) Rates : US 10-year yield at 2.967, UK 10-year yield at 1.272, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-july-asian-markets-subdued-us-eu-step-away-from-trade-war\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 26th July: Asian markets subdued; US-EU step away from Trade War<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27558","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\/27558","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=27558"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27558\/revisions"}],"predecessor-version":[{"id":27562,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27558\/revisions\/27562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27559"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}