{"id":28254,"date":"2018-09-18T12:17:02","date_gmt":"2018-09-18T06:47:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28254"},"modified":"2018-09-18T12:17:02","modified_gmt":"2018-09-18T06:47:02","slug":"tuesday-18th-september-trump-escalates-trade-war-markets-look-towards-chinas-reaction","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-18th-september-trump-escalates-trade-war-markets-look-towards-chinas-reaction\/","title":{"rendered":"Tuesday 18th September: Trump escalates trade war, markets look towards China&#8217;s reaction."},"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 up 1.44%, Shanghai Composite up 1.04%, Hang Seng down 0.36%, ASX down 0.53%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1204.20 (-0.13%), Silver at $14.18 (-0.34%), Brent Oil at $77.59 (-0.59%), WTI Oil at $68.39 (-0.42%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.998, UK 10-year yield at 1.535, Germany 10-year yield at 0.455<a name=\"_GoBack\"><\/a><\/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) HPI q\/q -0.70% vs -0.70% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Empire State Manufacturing Index 19 vs 23.2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Foreign Securities Purchases 12.65B vs 4.35B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final CPI y\/y 2.00% vs 2.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australian Central Bank warns trade tensions are risk to global outlook<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China commerce minister says there is no winner in a trade war<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US imposes new tariffs on $200bn of Chinese goods<\/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 Tuesday and U.S. stock futures declined after an escalation in U.S.-China trade tensions as U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports, which will go up to 25 percent by the end of 2018. China has vowed to retaliate against any new tariffs imposed by the U.S. Trump said he has great respect for Chinese President Xi Jinping, but the U.S. deficit was too big. &quot;We can&#39;t do that anymore,&quot; Trump said.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market, which was closed on Monday for a holiday, is rising after opening lower amid an escalation in U.S.-China trade tensions. The Nikkei was trading higher by as much as 1.5%. Mainland China markets are broadly higher, however, Hang Seng recorded losses of 0.4%. The Aussies seem to be dragged down by the trade tensions.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The latest tariff news sent some investors to the safety of U.S. Treasuries with 10-year US10YT=RR yields coming off Monday&rsquo;s four-month top of 3.0220 percent as bond prices rose. They were last at 2.998 percent. Oil prices fell on worries rising trade tensions could dent global demand for crude. Copper, considered a barometer of global growth, drifted lower for a third straight session. In currencies, the dollar index gained briefly against a basket of major currencies but was last unchanged at 94.465.<\/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;\">08:15 AM GMT &#8211; (EUR) ECB President Draghi Speaks<\/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;\">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) Current Account<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.44%, Shanghai Composite up 1.04%, Hang Seng down 0.36%, ASX down 0.53% Commodities : Gold at $1204.20 (-0.13%), Silver at $14.18 (-0.34%), Brent Oil at $77.59 (-0.59%), WTI Oil at $68.39 (-0.42%) Rates : US 10-year yield at 2.998, UK 10-year yield at 1.535, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-18th-september-trump-escalates-trade-war-markets-look-towards-chinas-reaction\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 18th September: Trump escalates trade war, markets look towards China&#8217;s reaction.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28254","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\/28254","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=28254"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28254\/revisions"}],"predecessor-version":[{"id":28256,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28254\/revisions\/28256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28255"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}