{"id":27995,"date":"2018-08-29T11:40:16","date_gmt":"2018-08-29T06:10:16","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27995"},"modified":"2018-08-29T11:40:16","modified_gmt":"2018-08-29T06:10:16","slug":"wednesday-29th-august-asian-markets-mixed-as-eyes-on-us-canada-trade-deal","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-29th-august-asian-markets-mixed-as-eyes-on-us-canada-trade-deal\/","title":{"rendered":"Wednesday 29th August: Asian markets mixed as eyes on US-Canada trade deal"},"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 up 0.28%, Shanghai Composite down 0.35%, Hang Seng up 0.18%, ASX up 0.41%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1210.30 (-0.34%), Silver at $14.69 (-0.57%), Brent Oil at $76.28 (-0.01%), WTI Oil at $68.53 (0.00%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.873, UK 10-year yield at 1.454, Germany 10-year yield at 0.385<\/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) Richmond Manufacturing Index 24 vs 18 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence 133.4 vs 126.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) S&amp;P\/CS Composite-20 HPI y\/y 6.30% vs 6.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Prelim Wholesale Inventories m\/m 0.70% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Goods Trade Balance -72.2B vs -68.6B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Private Loans y\/y 3.00% vs 3.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y 4.00% vs 4.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Canada Ready To Give Way On Dairy For Nafta Deal<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BoJ&rsquo;s Suzuki: Need To Pay More Attention To Impact Monetary Policy Has On Bond And Other Financial Markets<\/span>\n\t<\/li>\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 are mostly higher on Wednesday following the positive cues from Wall Street as worries about global trade wars eased slightly. Investors digested news that Canada&#39;s Foreign Minister Chrystia Freeland has arrived in Washington to resume talks about the future of the three-nation North American Free Trade Agreement or NAFTA, after the U.S. and Mexico agreed to a new trade deal on Monday. Optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese stock market is modestly higher following the positive cues from Wall Street and on a slightly weaker yen as worries about global trade wars eased. Japan&#39;s Nikkei 225 was up by 0.28 percent, with the shipping sector up by 2.9 percent. South Korea&#39;s Kospi also traded higher by 0.25 percent. The mainland China markets were in negative territory. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Shanghai composite fell by 0.35 percent while the Shenzhen composite dropped by around 0.68 percent. Hong Kong&#39;s Hang Seng index traded by about 0.18 percent higher, even though information technology sector fell around 0.31 percent. The ASX 200 was up 0.4 percent after trading largely flat earlier. Investors digested mixed corporate earnings results. Gains by banks were offset by weakness in gold miners and oil stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Major currencies were quiet, with the dollar index all but flat at 94.718 after touching a four-week low overnight. In commodity markets, spot gold was hovering around $1,203.81 after running into profit-taking at $1,214.28, its highest level since Aug. 10. Oil prices dithered either side of flat as falling supplies from Iran ahead of U.S. sanctions balanced rising production outside the Organization of the Petroleum Exporting Countries.<\/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;\">01:30 PM GMT &#8211; (CAD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/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;\"><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;\"><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>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.28%, Shanghai Composite down 0.35%, Hang Seng up 0.18%, ASX up 0.41% Commodities : Gold at $1210.30 (-0.34%), Silver at $14.69 (-0.57%), Brent Oil at $76.28 (-0.01%), WTI Oil at $68.53 (0.00%) Rates : US 10-year yield at 2.873, UK 10-year yield at 1.454, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-29th-august-asian-markets-mixed-as-eyes-on-us-canada-trade-deal\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 29th August: Asian markets mixed as eyes on US-Canada trade deal<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27995","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\/27995","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=27995"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27995\/revisions"}],"predecessor-version":[{"id":27996,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27995\/revisions\/27996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27993"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}