{"id":28819,"date":"2018-10-30T18:03:26","date_gmt":"2018-10-30T07:03:26","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28819"},"modified":"2018-11-02T01:34:19","modified_gmt":"2018-11-01T14:34:19","slug":"tuesday-30th-october-asian-markets-higher-china-leads-the-way","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-30th-october-asian-markets-higher-china-leads-the-way\/","title":{"rendered":"Tuesday 30th October: Asian markets higher &#8211; China leads the way"},"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 1.44%, Shanghai Composite up 1.35%, Hang Seng down 0.43%, ASX up 1.34%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1228.10 (+0.04%), Silver at $14.48 (+0.26%), Brent Oil at $77.28 (-0.12%), WTI Oil at $67.17 (+0.19%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.106, UK 10-year yield at 1.402, Germany 10-year yield at 0.371<\/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) Building Approvals m\/m 3.30% vs 3.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Personal Spending m\/m 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PCE Price Index m\/m 0.20% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Net Lending to Individuals m\/m 4.7B vs 4.1B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Major Chinese banks seen swapping yuan for dollars in forwards: traders<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China PMI will continue to drop but remain above 50<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">President Trump: Predicts &#39;great deal&#39; with China on trade<\/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 mostly higher on Tuesday, with most markets recovering from early losses following the negative cues overnight from Wall Street. Nevertheless, worries about rising U.S.-China trade tensions weighed on sentiment after a report from Bloomberg said the U.S. is preparing to announce tariffs on all remaining Chinese imports if next month&#39;s talks between President Donald Trump and Xi Jinping fail to ease the trade war.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market recovered after a weak start following the negative cues from Wall Street as well as on lower crude oil prices. A weaker yen is lending support to exporters&#39; shares. n Japan, the Nikkei 225 was positive by 1.44 percent while the Topix index advanced 1.5 percent. That followed positive news on Japan&#39;s economic front: Government data showed that the seasonally adjusted unemployment rate fell to 2.3 percent in September from 2.4 percent in August. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Shanghai composite rose 1.35 percent while the Shenzhen composite advanced 1.14 percent after a negative start to the day&#39;s trading session. The moves in mainland Chinese stocks came after the country&#39;s securities regulator said it would improve market liquidity and guide more long-term capital into the market. The Australian market climbed into positive territory, even as weak gold and oil prices weighed on the resources sector. The benchmark ASX 200 recovered to trade higher by 1.34 percent in the afternoon, with most sectors seeing gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index against a basket of six major peers inched higher and was just below its 10-week high it hit on Friday. The index gained on a decline in the euro after news German Chancellor Angela Merkel would not seek re-election as head of her CDU party. Adding to the jitters, China&#39;s yuan continued to weaken, drawing closer to a closely watched support level. Oil prices were mixed after easing overnight as Russia signaled that output will remain high and as concern over the global economy fueled worries about demand for crude.<\/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;\">All Day &#8211; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (EUR) EU Economic Forecasts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (EUR) Prelim Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 PM GMT &#8211; (CAD) BOC Gov Poloz 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;\"><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; background-color: initial;\">&amp;more&hellip;<\/a><\/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 1.44%, Shanghai Composite up 1.35%, Hang Seng down 0.43%, ASX up 1.34% Commodities : Gold at $1228.10 (+0.04%), Silver at $14.48 (+0.26%), Brent Oil at $77.28 (-0.12%), WTI Oil at $67.17 (+0.19%) Rates : US 10-year yield at 3.106, UK 10-year yield at 1.402, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-30th-october-asian-markets-higher-china-leads-the-way\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 30th October: Asian markets higher &#8211; China leads the way<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28819","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\/28819","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=28819"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28819\/revisions"}],"predecessor-version":[{"id":28821,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28819\/revisions\/28821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28820"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}