{"id":35730,"date":"2019-07-30T16:22:19","date_gmt":"2019-07-30T06:22:19","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=35730"},"modified":"2019-07-30T16:22:19","modified_gmt":"2019-07-30T06:22:19","slug":"tuesday-30th-july-asian-markets-gain-after-boj-announcement-ahead-of-sino-us-talks","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-30th-july-asian-markets-gain-after-boj-announcement-ahead-of-sino-us-talks\/","title":{"rendered":"Tuesday 30th July: Asian markets gain after BoJ announcement, ahead of Sino-US talks"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.46%, Shanghai Composite up 0.40%, Hang Seng up 0.29%, ASX up 0.35%<\/li>\n<li>Commodities: Gold at $1423.10 (+0.19%), Silver at $16.45 (+0.05%), Brent Oil at $64.03 (+0.64%), WTI Oil at $57.27 (+0.70%)<\/li>\n<li>Rates : US 10-year yield at 2.060, UK 10-year yield at 0.652, Germany 10-year yield at -0.396<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) HIA New Home Sales m\/m -12.40% vs 28.80% previous<\/li>\n<li>(EUR) Spanish Flash CPI y\/y 0.50% vs 0.60% expected<\/li>\n<li>(GBP) M4 Money Supply m\/m 0.10% vs 0.20% expected<\/li>\n<li>(GBP) Mortgage Approvals 66K vs 66K expected<\/li>\n<li>(GBP) Net Lending to Individuals m\/m 4.8B vs 4.4B expected<\/li>\n<li>(NZD) Building Consents m\/m -3.90% vs 13.50% previous<\/li>\n<li>(JPY) Unemployment Rate 2.30% vs 2.40% expected<\/li>\n<li>(JPY) Prelim Industrial Production m\/m -3.60% vs -1.80% expected<\/li>\n<li>(AUD) Building Approvals m\/m -1.20% vs 0.20% expected<\/li>\n<li>(JPY) BOJ Policy Rate -0.10% vs -0.10% expected<\/li>\n<li>(EUR) French Flash GDP q\/q 0.20% vs 0.30% expected<\/li>\n<li>Yen trades near three-week low before BOJ, Fed meetings<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stocks gained on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while the pound retreated to a 28-month low as heightened concerns about a no-deal Brexit gripped currency markets.<\/p>\n<p>The U.S. Federal Reserve begins a two-day policy meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis points. If implemented, it would be the central bank&#8217;s first rate cut in a decade. Also drawing some attention were U.S.-China trade negotiations due to begin in Shanghai on Tuesday.<\/p>\n<p>The Shanghai Composite Index rose 0.4% ahead of US-China trade talks, while Hang Seng traded 0.3% I positive. Japan&#8217;s Nikkei (N225) was up 0.7%, showing little reaction after the Bank of Japan left monetary policy unchanged as expected on Tuesday. Australian stocks climbed as much as 0.35%, supported by buoyant mining shares and adding to the previous day&#8217;s tech-driven gains.<\/p>\n<p>In currencies, the pound extended an overnight slump and fell to $1.2164, its lowest level since March 2017. The dollar index against a basket of six major currencies was a shade higher at 98.106 while the yen was slightly firmer at 108.725 per dollar, with the BOJ&#8217;s policy decision having little impact.<\/p>\n<p>Crude oil prices added to the previous day&#8217;s gains, when stronger-than-expected U.S. GDP strengthened the outlook for oil consumption by the world&#8217;s largest economy. Gold prices rose on Tuesday in Asia ahead of an expected rate cut by the U.S. Federal Reserve.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\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<li>&amp;more&#8230;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.46%, Shanghai Composite up 0.40%, Hang Seng up 0.29%, ASX up 0.35% Commodities: Gold at $1423.10 (+0.19%), Silver at $16.45 (+0.05%), Brent Oil at $64.03 (+0.64%), WTI Oil at $57.27 (+0.70%) Rates : US 10-year yield at 2.060, UK 10-year yield at 0.652, Germany 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-30th-july-asian-markets-gain-after-boj-announcement-ahead-of-sino-us-talks\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 30th July: Asian markets gain after BoJ announcement, ahead of Sino-US talks<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":35731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-35730","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\/35730","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=35730"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35730\/revisions"}],"predecessor-version":[{"id":35732,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35730\/revisions\/35732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/35731"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=35730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=35730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=35730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}