{"id":28698,"date":"2018-10-19T12:12:09","date_gmt":"2018-10-19T06:42:09","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28698"},"modified":"2018-10-19T12:16:11","modified_gmt":"2018-10-19T06:46:11","slug":"friday-19th-october-asian-markets-erase-losses-after-opening-lower-on-weak-china-data","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-19th-october-asian-markets-erase-losses-after-opening-lower-on-weak-china-data\/","title":{"rendered":"Friday 19th October: Asian markets erase losses after opening lower on weak China data"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Market<\/strong>s:<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 2.35%, Hang Seng up 1.02%, ASX down 0.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1231.40 (+0.11%), Silver at $14.66 (+0.38%), Brent Oil at $79.69 (+0.50%), WTI Oil at $68.95 (+0.44%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.186, UK 10-year yield at 1.541, Germany 10-year yield at 0.417<\/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;\">(CNY) Industrial Production y\/y 5.80% vs 6.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Fixed Asset Investment ytd\/y 5.40% vs 5.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) GDP q\/y 6.50% vs 6.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Philly Fed Manufacturing Index 22.2 vs 19.7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Retail Sales m\/m -0.80% vs -0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Unemployment Rate 5.00% vs 5.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Employment Change 5.6K vs 15.2K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">German EU Minister Roth Says Extension Of Brexit Transition Would Surely Not Fail<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan Finmin Aso: US currency report won&#39;t restrict Japan&#39;s FX policy<\/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 stocks erased losses on Friday as China shares recovered after government statements sought to bolster market confidence following data showing the slowest Chinese economic quarterly growth since the global financial crisis.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Greater China markets are trading in the green, erasing losses, after opening much lower. Shanghai Composite is up 2.3%, and Shenzhen component index is up 2.5%. The Australian market is declining, tracking the overnight losses on Wall Street and as investors digested weak GDP data from China, Australia&#39;s largest trading partner. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is extending loses from the previous session following the overnight sell-off on Wall Street as well as on weak China GDP data. In addition, the safe-haven yen strengthened, dragging exporters&#39; shares lower. Nikkei is lower by 60 bps in today&rsquo;s trade.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In the latest trade war volley, the U.S. is requesting that a World Trade Organization dispute resolution panel look into tariffs imposed by China, the European Union, Canada and Mexico in retaliation to U.S. tariffs on steel and aluminum. On Thursday, the flight to safe-haven assets partly dampened rising U.S. Treasury yields. On Friday, however, the 10-year yield rose to 3.1807 percent from the U.S. close on Thursday of 3.175 percent. The two-year yield, sensitive to expectations of higher Fed fund rates, rose to 2.8824 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;\">07:30 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:00 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/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; background-color: initial;\">&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 down 0.60%, Shanghai Composite up 2.35%, Hang Seng up 1.02%, ASX down 0.05% Commodities : Gold at $1231.40 (+0.11%), Silver at $14.66 (+0.38%), Brent Oil at $79.69 (+0.50%), WTI Oil at $68.95 (+0.44%) Rates : US 10-year yield at 3.186, UK 10-year yield at 1.541, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-19th-october-asian-markets-erase-losses-after-opening-lower-on-weak-china-data\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 19th October: Asian markets erase losses after opening lower on weak China data<\/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-28698","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\/28698","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=28698"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28698\/revisions"}],"predecessor-version":[{"id":28701,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28698\/revisions\/28701"}],"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=28698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}