{"id":28260,"date":"2018-09-19T11:54:50","date_gmt":"2018-09-19T06:24:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28260"},"modified":"2018-09-19T11:54:50","modified_gmt":"2018-09-19T06:24:50","slug":"wednesday-19th-september-investors-brush-aside-trade-concerns-for-now-asian-markets-rise","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-19th-september-investors-brush-aside-trade-concerns-for-now-asian-markets-rise\/","title":{"rendered":"Wednesday 19th September:  Investors brush aside trade concerns for now &#8211; Asian markets rise"},"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 1.08%, Shanghai Composite up 1.33%, Hang Seng up 1.43%, ASX up 0.43%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1208.10 (+0.43%), Silver at $14.26 (+0.49%), Brent Oil at $79.05 (+0.03%), WTI Oil at $69.64 (+0.07%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.050, UK 10-year yield at 1.568, Germany 10-year yield at 0.486<\/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;\">(JPY) BOJ Policy Rate -0.10% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Current Account -1.62B vs -1.23B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -1.30% vs -0.70% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Manufacturing Sales m\/m 0.90% vs 1.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s premier just ruled out currency manipulation as a trade war tactic<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bank of Japan vows to keep rates very low for an &lsquo;extended period&rsquo;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Two Koreas&#39; defense chiefs set to ink comprehensive military agreement on reducing tensions<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. Justice Department probes Musk statement on taking Tesla private<\/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 rising on Wednesday following the overnight gains on Wall Street as investors shrugged off an escalation in trade tensions between the world&#39;s two largest economies. In response to tariffs announced by the Trump administration, China said it will retaliate by imposing tariffs on $60 billion worth of U.S. goods, effective September 24.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&#39;s Nikkei 225 was up by over 1 percent as The Bank of Japan kept its monetary policy steady and maintained an upbeat view on the economy. In its policy statement, the central bank said it expects Japan&#39;s economy to &quot;continue its moderate expansion&quot; and that domestic demand is likely to follow an uptrend. Chinese mainland markets were up: the Shanghai composite and the Shenzhen composite were both up by over 1 %. The Australian market is rising following the overnight gains on Wall Street despite escalating U.S.-China trade tensions. Mining stocks are among the leading gainers, reflecting higher copper and iron ore prices.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While global market reaction to the latest phase of the trade dispute has been relatively limited, the U.S.-China row was expected to heat up &#8211; a major worry for investors. U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to a new round of talks, but speculation has risen that Beijing would decline to attend after Washington fired its latest trade salvo.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian dollar, seen as a gauge of risk sentiment, stretched its overnight rally and rose to a near three-week peak of $0.7255. Safe-haven U.S. Treasuries were sold and their yields rose on the back of improved investor risk appetite. The benchmark 10-year Treasury yield stood at 3.049 percent after touching 3.059 percent overnight, its highest since May 23. The rise in yields in turn propped up the dollar, which climbed to a two-month high of 112.43 yen. The yen showed little reaction to the Bank of Japan&#39;s well-anticipated decision on Wednesday to keep monetary policy steady. The BOJ also maintained its 10-year Japanese government bond yield target at around zero percent.<\/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;\">09:00 AM GMT &#8211; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) RPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (EUR) ECB President Draghi Speaks<\/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;\">11:45 PM GMT &#8211; (NZD) GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><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;\"><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: 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;\"><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;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: 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><\/span><\/span><\/span><\/span><\/span><\/span><\/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 1.08%, Shanghai Composite up 1.33%, Hang Seng up 1.43%, ASX up 0.43% Commodities : Gold at $1208.10 (+0.43%), Silver at $14.26 (+0.49%), Brent Oil at $79.05 (+0.03%), WTI Oil at $69.64 (+0.07%) Rates : US 10-year yield at 3.050, UK 10-year yield at 1.568, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-19th-september-investors-brush-aside-trade-concerns-for-now-asian-markets-rise\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 19th September:  Investors brush aside trade concerns for now &#8211; Asian markets rise<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28260","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\/28260","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=28260"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28260\/revisions"}],"predecessor-version":[{"id":28262,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28260\/revisions\/28262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28261"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}