{"id":28723,"date":"2018-10-23T17:08:32","date_gmt":"2018-10-23T06:08:32","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28723"},"modified":"2018-11-02T01:34:20","modified_gmt":"2018-11-01T14:34:20","slug":"tuesday-23rd-october-asian-markets-lower-as-italian-and-saudi-headwinds-hit-global-sentiment","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-23rd-october-asian-markets-lower-as-italian-and-saudi-headwinds-hit-global-sentiment\/","title":{"rendered":"Tuesday 23rd October: Asian markets lower as Italian and Saudi headwinds hit global sentiment"},"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 2.55%, Shanghai Composite down 1.46%, Hang Seng down 2.36%, ASX down 1.05%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1227.80 (+0.26%), Silver at $14.58 (-0.08%), Brent Oil at $79.49 (-0.43%), WTI Oil at $69.14 (-0.32%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.175, UK 10-year yield at 1.521, Germany 10-year yield at 0.453<\/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) CB Leading Index m\/m 0.20% vs 0.10% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Wholesale Sales m\/m -0.10% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Buba Monthly Report&nbsp; vs&nbsp; previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) All Industries Activity m\/m 0.50% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Italy May Force the EU to Issue an Unprecedented Budget Rebuke<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Pound&#39;s Brexit Swing Threatens to Rip Up BOE&#39;s Inflation Outlook<\/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 in negative territory on Tuesday following the lackluster cues overnight from Wall Street amid rising geopolitical tensions around the world and on worries about Italy&#39;s budgetary woes as well as Brexit. The recent tension surrounding the murder of Jamal Khashoggi, and Saudi Arabia&rsquo;s isolation in the international space, along with upcoming sanctions on Iran have also caused some unrest in the markets.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Greater China markets were in negative territory after seeing strong gains over the last two sessions. Hong Kong&#39;s Hang Seng index fell 2.36 percent while the Shanghai composite shed 1.46 percent and the Shenzhen composite declined by 1.76 percent. The Japanese market is notably lower, tracking the mixed cues from Wall Street and a stronger safe-haven yen amid rising geopolitical tensions.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Investors are also cautious as they focus on several upcoming corporate earnings results due this week. In Japan, the Nikkei 225 was down 2.44 percent while the Topix index fell 2.36 percent. Australia&#39;s ASX 200 was down 1.05 percent with the heavily-weighted financial sector falling 1.2 percent and the energy subindex lower by 3.05 percent<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices fell on Tuesday after Saudi Arabia pledged to play a &quot;responsible role&quot; in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran&#39;s crude exports that start next month. Saudi Arabia has pledged to keep markets supplied despite its increasing isolation over Khashoggi&#39;s killing, easing fears Riyadh may use oil production as its diplomatic weapons.<\/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;\">11:30 AM GMT &#8211; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:20 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 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;\"><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;\"><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><\/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 2.55%, Shanghai Composite down 1.46%, Hang Seng down 2.36%, ASX down 1.05% Commodities : Gold at $1227.80 (+0.26%), Silver at $14.58 (-0.08%), Brent Oil at $79.49 (-0.43%), WTI Oil at $69.14 (-0.32%) Rates : US 10-year yield at 3.175, UK 10-year yield at 1.521, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-23rd-october-asian-markets-lower-as-italian-and-saudi-headwinds-hit-global-sentiment\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 23rd October: Asian markets lower as Italian and Saudi headwinds hit global sentiment<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28723","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\/28723","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=28723"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28723\/revisions"}],"predecessor-version":[{"id":28735,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28723\/revisions\/28735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28733"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}