{"id":27860,"date":"2018-08-20T11:35:23","date_gmt":"2018-08-20T06:05:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27860"},"modified":"2018-08-20T11:41:41","modified_gmt":"2018-08-20T06:11:41","slug":"monday-20th-august-asian-markets-mixed-as-investors-look-to-us-china-trade-talks","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-20th-august-asian-markets-mixed-as-investors-look-to-us-china-trade-talks\/","title":{"rendered":"Monday 20th August: Asian Markets mixed as investors look to US-China trade talks"},"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 down 0.24%, Shanghai Composite down 0.47%, Hang Seng up 0.69%, ASX up 0.00%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1192.20 (+0.68%), Silver at $14.75 (+0.78%), Brent Oil at $71.59 (-0.33%), WTI Oil at $64.91 (-0.46%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.862, UK 10-year yield at 1.235, Germany 10-year yield at 0.312<\/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;\">(USD) Prelim UoM Consumer Sentiment 95.3 vs 98.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y 2.10% vs 2.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y 2.00% vs 2.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Foreign Securities Purchases 11.55B vs 4.91B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y 1.90% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m 0.50% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final CPI y\/y 2.10% vs 2.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">The People&#39;s Bank of China (PBOC) set the Yuan reference rate at 6.8718 vs. Friday&#39;s fix of 6.8894<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Did Erdogan Quietly Fold? Overnight Lending Rate Spikes 150bps Amid Silence From Central Bank<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h4 style=\"margin: 0px 0px 20px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 18px; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; outline: none; -webkit-font-smoothing: antialiased !important;\">\n\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: inherit; vertical-align: baseline;\"><strong style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\">CFTC Positioning Data (Week Ending AUG 14th, 2018):<\/strong><\/span><\/span><br \/>\n<\/h4>\n<div>\n<ul style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">EUR short 2K vs 11K&nbsp;<span style=\"box-sizing: border-box; font-weight: 700;\">long<\/span>&nbsp;last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">GBP short 61K vs 59K short last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">JPY short 58K vs 63K short last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">CHF short 46K vs 46K short last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">CAD short 26K vs 25K short last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">AUD short 51k vs 54k short&nbsp;last week.<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">NZD short 27K vs 25K short last week.&nbsp;<\/span>\n\t\t<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets, with the exception of Japan, were in positive territory on Monday morning following the positive lead from Wall Street Friday on optimism that U.S.-China trade talks will resolve their escalating trade dispute. A nine-member delegation from Beijing will hold meetings with U.S. officials on this week, according to the Wall Street Journal. In addition, higher commodity prices boosted resources stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&#39;s Nikkei 225 fell 0.25 percent while the Topix was down 0.35 percent, with most of the country&#39;s major auto manufacturers trading in negative territory. Mitsubishi Motor was among the biggest losers at 1.25 percent lower. Hong Kong&#39;s Hang Seng index rose 0.7 percent in afternoon trade as all its major casino stocks went into positive territory. Of note was Wynn Macau, which jumped 8.11 percent higher. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese mainland markets gave up initial gains to trade lower by 0.47%. The Australian market is flat following the positive lead from Wall Street Friday and on higher commodity prices. Nevertheless, gains are modest as investors digested mixed corporate earnings results.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Helping the general mood was a steadying in the Turkish lira, which was holding around 6.0000 per dollar on Monday. Qatar and Turkey&rsquo;s central banks have signed a currency swap to provide liquidity and support for financial stability, Qatar&rsquo;s central bank said on Sunday. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index was a fraction firmer at 96.201 on Monday, having fallen almost 0.6 percent at the end of last week. The upward trend in the U.S. dollar has also pressured oil, with U.S. crude down for a seventh consecutive week and global benchmark Brent off for a third week.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, August 20<sup>th<\/sup> 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:00 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 PM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, August 21<sup>st<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/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>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Retail Sales q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Core Retail Sales q\/q<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, August 22<sup>nd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Construction Work Done q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:10 AM GMT &#8211; (AUD) RBA Assist Gov Debelle Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Existing Home Sales<\/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 Meeting Minutes<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, August 23<sup>rd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Day 1 &#8211; (All) Jackson Hole Symposium<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, August 24<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Day 2 &#8211; (All) Jackson Hole Symposium<\/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 0.24%, Shanghai Composite down 0.47%, Hang Seng up 0.69%, ASX up 0.00% Commodities : Gold at $1192.20 (+0.68%), Silver at $14.75 (+0.78%), Brent Oil at $71.59 (-0.33%), WTI Oil at $64.91 (-0.46%) Rates : US 10-year yield at 2.862, UK 10-year yield at 1.235, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-20th-august-asian-markets-mixed-as-investors-look-to-us-china-trade-talks\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 20th August: Asian Markets mixed as investors look to US-China trade talks<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27860","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\/27860","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=27860"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27860\/revisions"}],"predecessor-version":[{"id":27863,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27860\/revisions\/27863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27861"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}