{"id":28148,"date":"2018-09-10T11:45:00","date_gmt":"2018-09-10T06:15:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28148"},"modified":"2018-09-10T11:45:00","modified_gmt":"2018-09-10T06:15:00","slug":"monday-10th-september-asian-markets-continue-to-fall-as-trump-hints-on-more-sanctions","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-10th-september-asian-markets-continue-to-fall-as-trump-hints-on-more-sanctions\/","title":{"rendered":"Monday 10th September:  Asian markets continue to fall as Trump hints on more sanctions"},"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 0.27%, Shanghai Composite down 0.97%, Hang Seng down 1.47%, ASX down 0.02%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1197.00 (-0.28%), Silver at $14.12 (-0.39%), Brent Oil at $77.21 (+0.49%), WTI Oil at $68.08 (+0.49%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.937, UK 10-year yield at 1.462, Germany 10-year yield at 0.389<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Dat<\/strong>a:<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CPI y\/y 2.30% vs 2.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance 180B vs 183B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Ivey PMI 61.9 vs 61.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Rate 3.90% vs 3.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Non-Farm Employment Change 201K vs 191K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Average Hourly Earnings m\/m 0.40% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Unemployment Rate 6.00% vs 5.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Employment Change -51.6K vs 5.1K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Stronger U.S. economy may warrant &#39;restrictive&#39; rates: Boston Fed&#39;s Rosengren<\/span>\n\t<\/li>\n<\/ul>\n<h4 style=\"margin: 0px 0px 20px; 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;\">\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;\"><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 28th, 2018):<\/strong><\/span><\/span><\/span><br \/>\n<\/h4>\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 long 8K vs 7K&nbsp;short last week.&nbsp; Position turns to long from short (15K change)<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">GBP short 70K vs 77K short last week. Shorts trimmed 7K<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">JPY short 52K vs 46K short last week. Shorts increased 6K<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">CHF short 40K vs 45K short last week. Shorts trimmed 5K<\/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. Shorts increased 1K<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">AUD short 44k vs 45k short&nbsp;last week. Shorts trimmed 1K<\/span>\n\t\t<\/li>\n<li style=\"box-sizing: border-box;\">\n\t\t\t<span style=\"font-size:14px;\">NZD short 25K vs 24K short last week. Shorts increases 1K<\/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;\">Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China. President Trump suggested he may impose tariffs on another $267 billion worth of Chinese goods. His administration is already considering imposing tariffs on $200 billion worth of Chinese goods following the expiration of a public comment period at midnight on Thursday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&rsquo;s Nikkei opened lower but quickly pared losses after revised second-quarter gross domestic product data showed the world&rsquo;s third-biggest economy grew at its fastest pace since 2016. The Greater China markets, however, remained in largely negative territory despite making a slight recovery from their morning lows, with Hong Kong&#39;s Hang Seng index still down by 1.5 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Over on the mainland, the Shanghai composite was lower by 1 percent while the Shenzhen composite fell by around 1.08 percent. The Australian market is extending its losing streak to an eighth straight session following the negative cues from Wall Street Friday. Mining stocks are weak despite steady iron ore pries as well as slightly higher copper prices.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian dollar, a proxy for emerging market growth, hovered near its lowest in 2-1\/2 years. The currency fell 1.3 percent on Friday and was last at $0.7107. The euro held at $1.15505 after two straight sessions of losses while the yen traded in a narrow range, changing hands at 110.96. In commodities, oil prices were firmer after three straight days of losses, with U.S. crude futures up 44 cents at $68.19 per barrel. Brent crude futures added 48 cents to $77.31 a barrel.<\/span>\n<\/p>\n<h4>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, September 10<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (CNY) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:05 AM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, September 11<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) NAB Business Confidence<\/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) German ZEW Economic Sentiment<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, September 12<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) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/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;\">05:45 PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, September 13<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Monetary Policy Summary<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Official Bank Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Asset Purchase Facility<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) MPC Asset Purchase Facility Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:45 PM GMT &#8211; (EUR) Main Refinancing Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) NHPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (EUR) ECB Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:15 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, September 14<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 AM GMT &#8211; (CNY) Fixed Asset Investment ytd\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 AM GMT &#8211; (CNY) Industrial Production y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Consumer 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 0.27%, Shanghai Composite down 0.97%, Hang Seng down 1.47%, ASX down 0.02% Commodities : Gold at $1197.00 (-0.28%), Silver at $14.12 (-0.39%), Brent Oil at $77.21 (+0.49%), WTI Oil at $68.08 (+0.49%) Rates : US 10-year yield at 2.937, UK 10-year yield at 1.462, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-10th-september-asian-markets-continue-to-fall-as-trump-hints-on-more-sanctions\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 10th September:  Asian markets continue to fall as Trump hints on more sanctions<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28148","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\/28148","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=28148"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28148\/revisions"}],"predecessor-version":[{"id":28150,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28148\/revisions\/28150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28149"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}