{"id":28058,"date":"2018-09-03T12:04:24","date_gmt":"2018-09-03T06:34:24","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28058"},"modified":"2018-09-03T12:05:22","modified_gmt":"2018-09-03T06:35:22","slug":"monday-3rd-september-asian-markets-lower-as-us-canda-talks-fail-uncertainty-over-sino-us-tariffs-continue","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-3rd-september-asian-markets-lower-as-us-canda-talks-fail-uncertainty-over-sino-us-tariffs-continue\/","title":{"rendered":"Monday 3rd September: Asian markets lower as US-Canda talks fail, uncertainty over Sino-US tariffs continue"},"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 0.59%, Shanghai Composite down 0.80%, Hang Seng down 1.03%, ASX down 0.10%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1206.30 (-0.03%), Silver at $14.53 (-0.22%), Brent Oil at $77.42 (-0.28%), WTI Oil at $69.59 (-0.30%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.860, UK 10-year yield at 1.431, Germany 10-year yield at 0.340<\/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;\">(AUD) Company Operating Profits q\/q 2.00% vs 1.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.00% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Chicago PMI 63.6 vs 63 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) RMPI m\/m 0.70% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Core CPI Flash Estimate y\/y 1.00% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) CPI Flash Estimate y\/y 2.00% vs 2.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Retail Sales m\/m -0.40% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan capital spending rises at fastest pace in decade in April-June<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">As Emerging Market Currencies Collapse, Gold is being Mobilized<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\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; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: 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 28th, 2018):<\/strong><\/span><\/span><\/span>\n<\/p>\n<div style=\"margin: 0px; padding: 0px; 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; color: rgb(84, 84, 84);\">\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font: inherit; vertical-align: baseline; list-style: circle outside;\">\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">EUR short 7K vs 5K&nbsp;short 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 77K vs 72K 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 46K vs 47K 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 45K vs 47K 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 25K vs 27K 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 45k vs 50k 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 24K vs 25K short last week.&nbsp;<\/span>\n\t\t<\/li>\n<\/ul>\n<\/div>\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;\">Asia markets were largely negative in midday trade on Monday, with Canada and the U.S. failing to come to a trade agreement on Friday, and worries on further escalation in the U.S.-China trade war. Meanwhile, a private survey showed China&#39;s factory activity growth slowed to a 14-month low in August.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&rsquo;s Nikkei 225 slipped 0.6%, with most sectors falling, as data revealed that the Markit\/Nikkei Japan Manufacturing Purchasing Managers&#39; Index (PMI) rose to a seasonally adjusted 52.5 in August from a final 52.3 in July. South Korea&#39;s Kospi also traded lower by 0.72 percent. The Greater China markets were down during midday trade as Hong Kong&#39;s Hang Seng index fell more than 1 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">On the mainland, the Shanghai composite was lower by 0.80 percent and the Shenzhen composite tumbled by 1.15 percent. Some investors, however, say the slide in Chinese stocks is potentially unjustified. In Australia, the ASX 200 pared some of its earlier gains to trade largely flat.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Trade war worries have lifted the safe-haven Swiss franc, which hit a four-month high of 0.9654 franc to the dollar and one-year high of 1.1240 per euro on Friday. In contrast, the Australian dollar, sometimes used as a proxy for bets on China, hit a 20-month low of $0.71655. Among the G3 currencies, the euro, which is generally positively correlated to risk sentiment, tends to ease on trade worries while the yen tends to gain but the two currencies&rsquo; reactions have been more qualified. Gold declined as the dollar firmed up on safe-haven demand amid the impasse in U.S.-Canada talks.<\/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, September 3 2018&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:15 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, September 4 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 AM GMT &#8211; (AUD) Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 AM GMT &#8211; (AUD) RBA Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:30 AM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (GBP) Inflation Report Hearings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/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<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, September 5 2018&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Labor Productivity q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) Overnight Rate<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, Spetemeber 6, 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 PM GMT &#8211; (CHF) Gov Board Member Zurbrugg Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, September 7 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:00 AM GMT &#8211; (JPY) Average Cash Earnings y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (CNY) Trade Balance<\/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) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (CAD) Ivey PMI<\/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 0.59%, Shanghai Composite down 0.80%, Hang Seng down 1.03%, ASX down 0.10% Commodities : Gold at $1206.30 (-0.03%), Silver at $14.53 (-0.22%), Brent Oil at $77.42 (-0.28%), WTI Oil at $69.59 (-0.30%) Rates : US 10-year yield at 2.860, UK 10-year yield at 1.431, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-3rd-september-asian-markets-lower-as-us-canda-talks-fail-uncertainty-over-sino-us-tariffs-continue\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 3rd September: Asian markets lower as US-Canda talks fail, uncertainty over Sino-US tariffs continue<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28058","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\/28058","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=28058"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28058\/revisions"}],"predecessor-version":[{"id":28061,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28058\/revisions\/28061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28059"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}