{"id":27827,"date":"2018-08-16T11:58:38","date_gmt":"2018-08-16T06:28:38","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27827"},"modified":"2018-08-16T11:58:38","modified_gmt":"2018-08-16T06:28:38","slug":"thursday-16th-august-asian-markets-pare-losses-on-positive-sino-us-trade-news","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-16th-august-asian-markets-pare-losses-on-positive-sino-us-trade-news\/","title":{"rendered":"Thursday 16th August: Asian Markets pare losses on positive SIno-US trade news"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.16%, Shanghai Composite down 0.87%, Hang Seng down 0.55%, ASX down 0.10%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1179.30 (-0.48%), Silver at $14.46 (+0.04%), Brent Oil at $71.02 (+0.37%), WTI Oil at $65.04 (+0.05%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.879, UK 10-year yield at 1.226, Germany 10-year yield at 0.307<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Unemployment Rate 5.30% vs 5.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Employment Change -3.9K vs 15.0K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 6.8M vs -2.6M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Empire State Manufacturing Index 25.6 vs 20.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m 0.50% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m 0.60% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) RPI y\/y 3.20% vs 3.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) PPI Input m\/m 0.50% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CPI y\/y 2.50% vs 2.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Wage Price Index q\/q 0.60% vs 0.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Chinese Commercial banks to help ease economic slowdown pressure<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Hong Kong Spends $2.1 Billion This Week to Defend Currency Peg<a name=\"_GoBack\"><\/a><\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly lower on Thursday following the negative cues from Wall Street amid worries about Turkey&#39;s financial crisis and an economic showdown in China. However, the markets have pared steep losses after China said it has accepted an invitation from the U.S. for a new round of trade talks to be held in late August. China&#39;s Ministry of Commerce said that a Chinese delegation led by vice commerce minister Wang Shouwen will travel to the U.S. in late August for trade talks to be held with U.S. Under Secretary of Treasury for International Affairs David Malpass.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Greater China markets narrowed losses following the news, with the Shanghai Composite last trading lower by 0.87 percent after opening more than 1 percent lower. Hong Kong&#39;s Hang Seng Index slipped more than 0.5%. Nikkei 225 edged lower by 0.16% after earlier losing more than 300 points. Japanese shares fell Wednesday on profit taking. The major exporters were dragged lower by a stronger yen. Elsewhere, the ASX 200 edged lower by 0.1 percent, with the energy and materials leading the dip following a fall in commodity prices overnight.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The euro rose 0.3 percent and the offshore Chinese yuan gained 0.4 percent following the news on China. The dollar index, which tracks the dollar against a basket of currencies, edged lower. The index was last at 96.611 after touching a 13-month high of 96.543 in the last session. Oil prices took an additional hit after data showed a surprise weekly increase in U.S. crude stockpiles, compounding worries about a weaker global economic growth outlook before bouncing back on the trade talk news.<\/span>\n<\/p>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Philly Fed Manufacturing Index<\/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<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) PPI Input q\/q<\/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 0.16%, Shanghai Composite down 0.87%, Hang Seng down 0.55%, ASX down 0.10% Commodities : Gold at $1179.30 (-0.48%), Silver at $14.46 (+0.04%), Brent Oil at $71.02 (+0.37%), WTI Oil at $65.04 (+0.05%) Rates : US 10-year yield at 2.879, UK 10-year yield at 1.226, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-16th-august-asian-markets-pare-losses-on-positive-sino-us-trade-news\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 16th August: Asian Markets pare losses on positive SIno-US trade news<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27827","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\/27827","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=27827"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27827\/revisions"}],"predecessor-version":[{"id":27828,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27827\/revisions\/27828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27670"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}