{"id":35717,"date":"2019-07-29T16:30:04","date_gmt":"2019-07-29T06:30:04","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=35717"},"modified":"2019-07-29T16:30:04","modified_gmt":"2019-07-29T06:30:04","slug":"monday-29th-july-asian-stocks-lower-despite-positive-us-cues","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-29th-july-asian-stocks-lower-despite-positive-us-cues\/","title":{"rendered":"Monday 29th July: Asian stocks lower despite positive US cues"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite down 0.15%, Hang Seng down 1.52%, ASX up 0.48%<\/li>\n<li>Commodities : Gold at $1417.85 (-0.10%), Silver at $16.38 (-0.09%), Brent Oil at $63.06 (-0.49%), WTI Oil at $56.03 (-0.30%)<\/li>\n<li>Rates : US 10-year yield at 2.070, UK 10-year yield at 0.685, Germany 10-year yield at -0.381<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Advance GDP q\/q 2.10% vs 1.80% expected<\/li>\n<li>(USD) Advance GDP Price Index q\/q 2.40% vs 4.00% expected<\/li>\n<li>PBoC Fixes USDCNY Ref Rate At 6.8821 (prev fix 6.8796 close 6.8800)<\/li>\n<li>S., China move trade talks to Shanghai amid deal pessimism<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR short 39K vs 31K short last week. Shorts increased by 8K<\/li>\n<li>GBP short 79K vs 76K short last week. Shorts increased by 3K<\/li>\n<li>JPY short 9K vs 11K short last week. Short trimmed by 2K<\/li>\n<li>CHF short 13k vs 12k short last week. Shorts increased by 1K<\/li>\n<li>AUD short 48 k vs 53k short last week. Shorts trimmed by 5K<\/li>\n<li>NZD short 12K vs 17K short last week. Shorts trimmed by 5K<\/li>\n<li>CAD long 31K vs 21K long last week. Longs increased by 10K<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Monday despite the positive cues from Wall Street Friday following upbeat corporate earnings results and better-than-expected U.S. GDP data. Investors turned cautious ahead of the U.S-China trade talks set to resume this week and the U.S. Federal Reserve&#8217;s monetary policy announcement due on Wednesday.<\/p>\n<p>The Nikkei 225 in Japan declined 0.4% in afternoon trade, as index heavyweight and robot maker Fanuc\u2019s stock fell 1.3%. The Topix also shed 0.3%. In mainland China, the Shanghai composite shed earlier gains to slip 0.1% by the afternoon, while the Shenzhen component and Shenzhen composite were just below the flatline.<\/p>\n<p>Hong Kong\u2019s Hang Seng index dropped 1.5%, as tensions remain high in the city following another clash between protestors and the police over the weekend. Australia\u2019s S&amp;P\/ASX 200, on the other hand, rose 0.5% as most of the sectors traded higher.<\/p>\n<p>The dollar hit a two-month peak on a basket of currencies at 98.010, and was last trading at 97.921. The dollar had got a helping hand from White House economic adviser Larry Kudlow who on Friday said the Trump administration had &#8220;ruled out&#8221; intervening to push it lower. Sterling was pinned near 27-month lows around $1.2375 amid reports the government of Prime Minister Boris Johnson was preparing the ground for a &#8220;no-deal&#8221; Brexit.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Tuesday, July 30, 2019<\/p>\n<ul>\n<li>02:30 AM GMT &#8211; (AUD) Building Approvals m\/m<\/li>\n<li>Tentative &#8211; (JPY) BOJ Outlook Report<\/li>\n<li>Tentative &#8211; (JPY) Monetary Policy Statement<\/li>\n<li>Tentative &#8211; (JPY) BOJ Press Conference<\/li>\n<li>All Day &#8211; (EUR) German Prelim CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/li>\n<li>03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/li>\n<\/ul>\n<p>Wednesday, July 31, 2019<\/p>\n<ul>\n<li>02:00 AM GMT &#8211; (CNY) Manufacturing PMI<\/li>\n<li>02:00 AM GMT &#8211; (CNY) Non-Manufacturing PMI<\/li>\n<li>02:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/li>\n<li>02:30 AM GMT &#8211; (AUD) CPI q\/q<\/li>\n<li>02:30 AM GMT &#8211; (AUD) Trimmed Mean CPI q\/q<\/li>\n<li>08:00 AM GMT &#8211; (EUR) Spanish Flash GDP q\/q<\/li>\n<li>10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/li>\n<li>10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/li>\n<li>01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/li>\n<li>01:30 PM GMT &#8211; (CAD) GDP m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Employment Cost Index q\/q<\/li>\n<li>02:45 PM GMT &#8211; (USD) Chicago PMI<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Statement<\/li>\n<li>07:00 PM GMT &#8211; (USD) Federal Funds Rate<\/li>\n<li>07:30 PM GMT &#8211; (USD) FOMC Press Conference<\/li>\n<\/ul>\n<p>Thursday, August 01, 2019<\/p>\n<ul>\n<li>02:45 AM GMT &#8211; (CNY) Caixin Manufacturing PMI<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/li>\n<li>12:00 PM GMT &#8211; (GBP) BOE Inflation Report<\/li>\n<li>12:00 PM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Monetary Policy Summary<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Official Bank Rate<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Asset Purchase Facility<\/li>\n<li>12:00 PM GMT &#8211; (GBP) MPC Asset Purchase Facility Votes<\/li>\n<li>12:30 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/li>\n<\/ul>\n<p>Friday, August 02, 2019<\/p>\n<ul>\n<li>02:30 AM GMT &#8211; (AUD) Retail Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Trade Balance<\/li>\n<li>01:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/li>\n<li>01:30 PM GMT &#8211; (USD) Unemployment Rate<\/li>\n<li>03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite down 0.15%, Hang Seng down 1.52%, ASX up 0.48% Commodities : Gold at $1417.85 (-0.10%), Silver at $16.38 (-0.09%), Brent Oil at $63.06 (-0.49%), WTI Oil at $56.03 (-0.30%) Rates : US 10-year yield at 2.070, UK 10-year yield at 0.685, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-29th-july-asian-stocks-lower-despite-positive-us-cues\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 29th July: Asian stocks lower despite positive US cues<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":35718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-35717","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\/35717","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=35717"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35717\/revisions"}],"predecessor-version":[{"id":35719,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35717\/revisions\/35719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/35718"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=35717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=35717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=35717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}