{"id":27793,"date":"2018-08-14T11:04:44","date_gmt":"2018-08-14T05:34:44","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27793"},"modified":"2018-08-14T11:10:39","modified_gmt":"2018-08-14T05:40:39","slug":"tuesday-14th-august-asian-markets-attempt-recovery-china-data-disappoints","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-14th-august-asian-markets-attempt-recovery-china-data-disappoints\/","title":{"rendered":"Tuesday 14th August: Asian Markets attempt Recovery; China Data disappoints"},"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 1.75%, Shanghai Composite down 0.50%, Hang Seng down 0.83%, ASX up 0.78%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1202.20 (+0.28%), Silver at $15.05 (+0.42%), Brent Oil at $72.83 (+0.30%), WTI Oil at $67.48 (+0.42%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.886, UK 10-year yield at 1.263, Germany 10-year yield at 0.313<\/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;\">(CNY) Industrial Production y\/y 6.00% vs 6.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Fixed Asset Investment ytd\/y 5.50% vs 6.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) NAB Business Confidence 7 vs 6 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump signs $717 bil. defense spending bill<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Euro on defensive as lira, EM currencies seen vulnerable<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. economy seen strong in 2018, to slow in 2019: CBO<\/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, led by Japan, are mostly higher on Tuesday as worries about Turkey eased slightly after the country&#39;s central bank took measures to boost liquidity in the foreign exchange market. Nevertheless, investors turned cautious after China&#39;s retail sales, industrial production and fixed asset investment rose less than expected in July.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Investors had been encouraged that falls on Wall Street were only minor overnight. The Dow ended Monday down 0.5 percent, while the S&amp;P 500 lost 0.40 percent and the Nasdaq 0.25 percent. The Japanese market is notably higher after touching a one-month low in the previous session amid worries about the financial crisis in Turkey. In addition, a weaker yen lifted exporters&#39; shares. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Elsewhere, South Korea&#39;s Kospi edged higher by 0.4 percent. Tech names were a mixed bag. Greater China markets, however, declined. Retail sales, industrial output and urban investment all grew by less than forecast in July, a trifecta of disappointment that underlined the need for more policy stimulus in China. Hong Kong&#39;s Hang Seng Index erased more than three quarters of a percent. The Shanghai Composite edged lower by half a percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">For now, concerns about the exposure of European banks to Turkey pushed up bond yields in Spain and Italy and hobbled the euro. The single currency was last at $1.1405, having touched its lowest since July 2017 on Monday. It also reached one-year lows on the yen and Swiss franc, traditional safe harbours in times of stress. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Against a basket of currencies, the dollar was a shade softer at 96.314. In commodity markets, gold looked to have lost its safe-haven halo and slid to its lowest since late January 2017. It was last down at $1,1194.20 an ounce. Oil prices rose after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply.<\/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;\">07:00 AM GMT &#8211; (EUR) German Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Claimant Count Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/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 1.75%, Shanghai Composite down 0.50%, Hang Seng down 0.83%, ASX up 0.78% Commodities : Gold at $1202.20 (+0.28%), Silver at $15.05 (+0.42%), Brent Oil at $72.83 (+0.30%), WTI Oil at $67.48 (+0.42%) Rates : US 10-year yield at 2.886, UK 10-year yield at 1.263, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-14th-august-asian-markets-attempt-recovery-china-data-disappoints\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 14th August: Asian Markets attempt Recovery; China Data disappoints<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27793","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\/27793","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=27793"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27793\/revisions"}],"predecessor-version":[{"id":27796,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27793\/revisions\/27796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27794"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}