{"id":27706,"date":"2018-08-07T13:06:33","date_gmt":"2018-08-07T07:36:33","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27706"},"modified":"2018-08-07T13:06:33","modified_gmt":"2018-08-07T07:36:33","slug":"tuesday-7th-august-asian-stocks-climb-with-a-struggle-after-recent-trade-uncertainty","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-7th-august-asian-stocks-climb-with-a-struggle-after-recent-trade-uncertainty\/","title":{"rendered":"Tuesday 7th August: Asian stocks climb with a struggle after recent trade uncertainty"},"content":{"rendered":"<h4>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.61%, Shanghai Composite up 1.43%, Hang Seng up 0.96%, ASX down 0.32%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1218.80 (+0.09%), Silver at $15.37 (+0.11%), Brent Oil at $73.97 (+0.30%), WTI Oil at $69.06 (+0.07%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.945, UK 10-year yield at 1.301, Germany 10-year yield at 0.394<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) AIG Construction Index 52 vs 50.6 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Sentix Investor Confidence 14.7 vs 12.8 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Factory Orders m\/m -4.00% vs -0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) ANZ Job Advertisements m\/m 1.50% vs -1.70% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) ANZ Commodity Prices m\/m -3.20% vs -0.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) MI Inflation Gauge m\/m 0.10% vs 0.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">PBOC sets Yuan reference rate at 6.8431 vs. USD<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan June real wages rise at fastest pace since 1997<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly higher on Tuesday following the positive cues from Wall Street amid upbeat corporate earnings results and higher crude oil prices. Nevertheless, investors remained cautious due to worries about the impact of rising U.S.-China trade tensions on global economic growth.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japanese shares edged higher, with the benchmark Nikkei 225 adding 0.67 percent. Most sectors were in positive territory, with the telecommunications sector rising 2.19 percent to lead gains. The Australian market is declining despite the positive cues from Wall Street, reflecting weakness in the mining sector and as investors turned cautious ahead of the Reserve Bank of Australia&#39;s monetary policy decision due later in the day.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese stocks tracked higher following Monday&#39;s slide, which saw trade uncertainty dampen investor sentiment. The Shanghai Composite added 1.43 percent and the blue-chip CSI 300 was up 1.53 percent. Hong Kong&#39;s Hang Seng Index rose 0.96 percent, extending gains made during the Monday session that had snapped a five-day losing streak. Energy as well as property and construction led the advance.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar drew support from the persistent international trade tensions. Its index against a basket of six major currencies rose to a near three-week high of 95.515, before pulling back slightly to 95.347. The euro fell to a five-week low of $1.1530 overnight, weighed down by worries that Italy could ramp up spending and challenge European Union budget regulations and by a drop in June German industrial orders.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The pound was also on the back foot, driven on Monday to $1.2920, its weakest since September 2017, after comments by officials raised fears Britain would crash out of the EU without securing a trade agreement.<\/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;\">05:30 AM GMT &#8211; (AUD) RBA Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 AM GMT &#8211; (AUD) Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/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: 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, 114, 188); 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 up 0.61%, Shanghai Composite up 1.43%, Hang Seng up 0.96%, ASX down 0.32% Commodities : Gold at $1218.80 (+0.09%), Silver at $15.37 (+0.11%), Brent Oil at $73.97 (+0.30%), WTI Oil at $69.06 (+0.07%) Rates : US 10-year yield at 2.945, UK 10-year yield at 1.301, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-7th-august-asian-stocks-climb-with-a-struggle-after-recent-trade-uncertainty\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 7th August: Asian stocks climb with a struggle after recent trade uncertainty<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27706","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\/27706","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=27706"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27706\/revisions"}],"predecessor-version":[{"id":27708,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27706\/revisions\/27708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27707"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}