{"id":35233,"date":"2019-06-27T16:20:38","date_gmt":"2019-06-27T06:20:38","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=35233"},"modified":"2019-06-27T16:20:38","modified_gmt":"2019-06-27T06:20:38","slug":"thursday-27th-june-asian-markets-gain-on-optimistic-signs-ahead-of-trump-jinping-meeting","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-27th-june-asian-markets-gain-on-optimistic-signs-ahead-of-trump-jinping-meeting\/","title":{"rendered":"Thursday 27th June: Asian markets gain on optimistic signs ahead of Trump-Jinping meeting"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 1.06%, Shanghai Composite up 0.62%, Hang Seng up 1.19%, ASX up 0.27%<\/li>\n<li>Commodities: Gold at $1409.45 (-0.42%), Silver at $15.29 (-0.57%), Brent Oil at $65.47 (-0.33%), WTI Oil at $59.13 (-0.42%)<\/li>\n<li>Rates : US 10-year yield at 2.059, UK 10-year yield at 0.820, Germany 10-year yield at -0.293<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(NZD) ANZ Business Confidence -38.1 vs -32 previous<\/li>\n<li>(USD) Durable Goods Orders m\/m -1.30% vs 0.00% expected<\/li>\n<li>(USD) Core Durable Goods Orders m\/m 0.30% vs 0.10% expected<\/li>\n<li>(NZD) Official Cash Rate 1.50% vs 1.50% expected<\/li>\n<li>Bank of Japan warns of heightening economic risks as trade war bites<\/li>\n<li>US Dollar robust ahead of 96.00 ahead of US final GDP data<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian shares creep higher on hopes of Sino-U.S. trade truce. Asian share markets turned higher on Thursday following a media report the United States and China have tentatively agreed to a truce in their trade war, ahead of a closely-watched meeting between the two nations this weekend Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports.<\/p>\n<p>Stocks in Japan, Hong Kong, and mainland China gain on report of tentative tariff truce. Japan\u2019s Nikkei rose 1% and Hong Kong\u2019s Hang Seng gained 1.1% on optimism regarding the G-20. The Shanghai Composite rebounded on Thursday on trade-war hopes and advanced 0.6% while Australia\u2019s S&amp;P\/ASX 200 edged up over 0.2%.<\/p>\n<p>The probability of a less aggressive Fed and expectations of a Sino-China trade truce helped ease the selling pressure on the U.S. dollar, which inched up to 96.276 on a basket of currencies from a three-month trough of 95.843. Ten-year Treasury yields edged up after rising on Wednesday, while Gold prices broke a six week winning stretch and slid lower on Wednesday in Asia as U.S. Federal Reserve Chairman played down expectations for an aggressive rate cut.<\/p>\n<p>Oil prices ran into profit-taking in early Asia, giving back some of their gains overnight following the release of data that showed a huge plunge in U.S. crude inventories.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>All Day &#8211; (EUR) German Prelim CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Final GDP q\/q<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more..<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.06%, Shanghai Composite up 0.62%, Hang Seng up 1.19%, ASX up 0.27% Commodities: Gold at $1409.45 (-0.42%), Silver at $15.29 (-0.57%), Brent Oil at $65.47 (-0.33%), WTI Oil at $59.13 (-0.42%) Rates : US 10-year yield at 2.059, UK 10-year yield at 0.820, Germany 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-27th-june-asian-markets-gain-on-optimistic-signs-ahead-of-trump-jinping-meeting\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 27th June: Asian markets gain on optimistic signs ahead of Trump-Jinping meeting<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":35234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-35233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35233","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=35233"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35233\/revisions"}],"predecessor-version":[{"id":35235,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35233\/revisions\/35235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/35234"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=35233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=35233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=35233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}