{"id":29113,"date":"2018-11-21T17:23:49","date_gmt":"2018-11-21T06:23:49","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=29113"},"modified":"2018-11-21T17:23:49","modified_gmt":"2018-11-21T06:23:49","slug":"wednesday-21st-november-asian-markets-continue-losing-streak","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-21st-november-asian-markets-continue-losing-streak\/","title":{"rendered":"Wednesday 21st November: Asian markets continue losing streak"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\"><a name=\"_GoBack\">Global Markets:<\/a><\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite up 0.05%, Hang Seng down 0.34%, ASX down 0.51%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1221.60 (+0.03%), Silver at $14.30 (+0.18%), Brent Oil at $63.25 (+1.15%), WTI Oil at $54.13 (+1.31%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.070, UK 10-year yield at 1.383, Germany 10-year yield at 0.354<\/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;\">(NZD) GDT Price Index -3.50% vs -2.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Housing Starts 1.23M vs 1.23M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Building Permits 1.26M vs 1.26M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CBI Industrial Order Expectations 10 vs -6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Trade Balance 3.75B vs 2.89B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German PPI m\/m 0.30% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump Calls Fed a &lsquo;Problem,&rsquo; Says He Wants Lower Interest Rates<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">RBA&#39;s Lowe Sees 4.5% Unemployment Without Too Much Wage Growth<\/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 extending losses on Wednesday from the previous session following the continued weakness overnight on Wall Street as disappointing corporate earnings results, the plunge in crude oil prices and U.S.-China trade tensions added to worries about global economic growth and dampened investor sentiment.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Greater China markets slipped, with Hong Kong&#39;s Hang Seng index shedding 0.34 percent and the Shanghai composite trading flat. The Shenzhen composite, on the other hand, saw mild gains. Elsewhere in Asia, Japan&#39;s Nikkei 225 fell 0.25 percent and the Topix index shed 0.54 percent. South Korea&#39;s Kospi fell 0.34 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian market is extending its losing streak to a fourth straight session, falling to almost two-year lows, following the overnight plunge on Wall Street and on weak commodity prices.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Elsewhere, oil prices were in focus after Trump issued a statement on Tuesday and said the U.S. stands by Saudi Arabia despite the killing of journalist and U.S. resident Jamal Khashoggi by Saudi agents last month. The dollar index against a basket of six major currencies was little changed at 96.838 after rallying 0.7 percent overnight, when it pulled away from a two-week trough of 96.042.<\/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;\">10:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\"><span style=\"font-size:14px;\">&amp;more&#8230;<\/span><\/a>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite up 0.05%, Hang Seng down 0.34%, ASX down 0.51% Commodities : Gold at $1221.60 (+0.03%), Silver at $14.30 (+0.18%), Brent Oil at $63.25 (+1.15%), WTI Oil at $54.13 (+1.31%) Rates : US 10-year yield at 3.070, UK 10-year yield at 1.383, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-21st-november-asian-markets-continue-losing-streak\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 21st November: Asian markets continue losing streak<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29113","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\/29113","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=29113"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29113\/revisions"}],"predecessor-version":[{"id":29115,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29113\/revisions\/29115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/29114"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=29113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=29113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=29113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}