{"id":27758,"date":"2018-08-10T11:03:19","date_gmt":"2018-08-10T05:33:19","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27758"},"modified":"2018-08-10T14:20:17","modified_gmt":"2018-08-10T08:50:17","slug":"friday-10th-august-asian-markets-lower-on-global-trade-outlook","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-10th-august-asian-markets-lower-on-global-trade-outlook\/","title":{"rendered":"Friday 10th August: Asian Markets Lower on Global Trade Outlook"},"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;\"><a name=\"_GoBack\">Asian Stock Markets : Nikkei down 0.72%, Shanghai Composite down 0.34%, Hang Seng down 0.76%, ASX down 0.07%<\/a><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1218.60 (-0.11%), Silver at $15.41 (-0.34%), Brent Oil at $72.16 (+0.12%), WTI Oil at $66.80 (-0.01%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.922, UK 10-year yield at 1.300, Germany 10-year yield at 0.375<\/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;\">(JPY) Prelim GDP q\/q 0.50% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Business NZ Manufacturing Index 51.2 vs 52.7 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 213K vs 220K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m 0.00% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) NHPI m\/m 0.10% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">ECB Said Concerned On BBVA, UniCredit, BNP&rsquo;s Turkey Exposure: FT<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan&#39;s economy rebounds on brisk spending but trade rifts cloud outlook<\/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 lower on Friday following the mixed cues overnight from Wall Street amid rising trade tensions between the U.S. and China as well as the U.S. introduction of new sanctions on Russia. Meanwhile, the Turkish lira tumbled amid a diplomatic rift between the U.S. and Turkey. China&rsquo;s decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state oil firms prompted by a strong lobbying effort by main importer the Sinopec Group, Beijing-based oil sources said.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is extending losses from the previous session, tracking the mixed cues from Wall Street and a stronger yen amid rising global trade tensions and as investors focused on the U.S.-Japan trade talks in Washington. Japan&#39;s Nikkei 225 slipped 0.7 percent, with insurers and mining stocks leading overall declines. Despite the overall move lower, the oil and coal products subindex held onto gains. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Kospi pulled back by 0.85 percent as major technology names recorded declines in early trade. The S&amp;P\/ASX 200 gave up early gains to trade lower by 0.10 percent. The energy and utilities led losses, losing 1.41 percent and 1.13 percent, respectively, while the heavily weighted financials sector recorded slight gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Turmoil in some emerging currencies and the intensifying global trade tensions helped support the dollar on Friday, keeping it near 13-month highs against a basket of its peers.The rouble retreated overnight to its lowest since November 2016 on threats of new U.S. sanctions, weakening beyond the psychologically important 65-per-dollar threshold.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Turkey&rsquo;s lira fell to record lows against the dollar, with a meeting between a Turkish delegation and U.S. officials in Washington yielding no apparent solution to a diplomatic rift over the detention in Turkey of a U.S. pastor.<\/span>\n<\/p>\n<h4>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Prelim Business Investment q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.72%, Shanghai Composite down 0.34%, Hang Seng down 0.76%, ASX down 0.07% Commodities : Gold at $1218.60 (-0.11%), Silver at $15.41 (-0.34%), Brent Oil at $72.16 (+0.12%), WTI Oil at $66.80 (-0.01%) Rates : US 10-year yield at 2.922, UK 10-year yield at 1.300, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-10th-august-asian-markets-lower-on-global-trade-outlook\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 10th August: Asian Markets Lower on Global Trade Outlook<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27758","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\/27758","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=27758"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27758\/revisions"}],"predecessor-version":[{"id":27761,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27758\/revisions\/27761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27759"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}