{"id":27631,"date":"2018-08-01T11:33:12","date_gmt":"2018-08-01T06:03:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27631"},"modified":"2018-08-01T11:33:12","modified_gmt":"2018-08-01T06:03:12","slug":"wednesday-1st-august-asian-markets-mixed-as-us-china-tensions-threaten-rhetoric-2","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-1st-august-asian-markets-mixed-as-us-china-tensions-threaten-rhetoric-2\/","title":{"rendered":"Wednesday 1st August: Asian markets mixed as US-China tensions threaten rhetoric"},"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 0.79%, Shanghai Composite down 0.80%, Hang Seng down 0.43%, ASX up 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1220.50 (-0.26%), Silver at $15.48 (-0.54%), Brent Oil at $74.06 (-0.20%), WTI Oil at $68.47 (-0.42%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.977, UK 10-year yield at 1.332, Germany 10-year yield at 0.446<\/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) Unemployment Rate 4.50% vs 4.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Employment Change q\/q 0.50% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence 127.4 vs 126.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Chicago PMI 65.5 vs 61.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Personal Spending m\/m 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Employment Cost Index q\/q 0.60% vs 0.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PCE Price Index m\/m 0.10% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) RMPI m\/m 0.50% vs 2.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) GDP m\/m 0.50% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Prelim Flash GDP q\/q 0.30% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Core CPI Flash Estimate y\/y 1.10% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) CPI Flash Estimate y\/y 2.10% vs 2.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Flash GDP q\/q 0.60% vs 0.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) BOJ Press Conference&nbsp; vs&nbsp; previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Retail Sales m\/m 1.20% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan Securities Clearing Corporation (JSCC): Emergency margin call triggered for JGB futures<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BOJ Prepares for QE Infinity<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CFTC sues Forex Broker JAFX for taking US based customers<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Will he or won&rsquo;t he? Trump sows confusion on shutdown plans<\/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 stock markets are slightly higher on Wednesday following the positive cues from Wall Street amid news that the U.S. and China are trying to restart talks to avert a full-blown trade war. Tech stocks also got a boost after Apple reported upbeat third-quarter earnings results. Investors now look ahead to the U.S. Federal Reserve&#39;s monetary policy decision due later in the day. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement is likely to be closely examined for any hints about future rate hikes.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Nikkei 225 advanced more than three quarters of a percent, buoyed by extended softness in the yen. Steelmakers led gains early on, with JFE Holdings rising 10.06 percent. Exporters, including automakers, mostly tracked higher, as did bank shares. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Chinese shares slipped into negative territory as investors digested trade headlines and the release of a private survey of Chinese manufacturing activity, which met expectations. Meanwhile, Hong Kong&#39;s Hang Seng Index pared early gains to trade marginally lower, with Apple supplier Sunny Optical up 1.24 percent but steep losses seen in the real estate sector. The Australian market is edging higher following the positive cues from Wall Street.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The yield on benchmark 10-year Treasury notes was at 2.9728 percent, compared with its U.S. close of 2.964 percent on Tuesday. The two-year yield, which rises with traders&rsquo; expectations of higher Fed fund rates, touched 2.6735 percent compared with a U.S. close of 2.669 percent. The dollar was flat against the yen at 111.85, but rose 0.31 percent against the offshore yuan on news of the Trump administration&rsquo;s new tariff plans. Meanwhile, oil prices fell on industry data showing an unexpected rise in U.S. crude stockpiles. The slump in crude prices comes after their largest monthly decline in two years in July.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/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<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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;\"><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;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"color: rgb(0, 114, 188); margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.79%, Shanghai Composite down 0.80%, Hang Seng down 0.43%, ASX up 0.05% Commodities : Gold at $1220.50 (-0.26%), Silver at $15.48 (-0.54%), Brent Oil at $74.06 (-0.20%), WTI Oil at $68.47 (-0.42%) Rates : US 10-year yield at 2.977, UK 10-year yield at 1.332, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-1st-august-asian-markets-mixed-as-us-china-tensions-threaten-rhetoric-2\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 1st August: Asian markets mixed as US-China tensions threaten rhetoric<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27631","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\/27631","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=27631"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27631\/revisions"}],"predecessor-version":[{"id":27634,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27631\/revisions\/27634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27633"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}