{"id":37152,"date":"2019-10-23T18:30:11","date_gmt":"2019-10-23T07:30:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37152"},"modified":"2019-10-23T18:30:12","modified_gmt":"2019-10-23T07:30:12","slug":"wednesday-23rd-october-asian-stocks-in-the-red-as-brexit-timeline-rejected","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-23rd-october-asian-stocks-in-the-red-as-brexit-timeline-rejected\/","title":{"rendered":"Wednesday 23rd October: Asian stocks in the red as Brexit timeline rejected"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Global Markets:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite down 0.59%, Hang Seng down 0.98%, ASX up 0.01%<\/li><li>Commodities : Gold at $1493.45 (+0.40%), Silver at $17.56 (+0.35%), Brent Oil at $59.49 (-0.35%), WTI Oil at $54.16 (-0.59%)<\/li><li>Rates : US 10-year yield at 1.752, UK 10-year yield at 0.694, Germany 10-year yield at -0.401<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>News &amp; Data:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>(AUD) CB Leading Index m\/m 0.20% vs -0.30% previous<\/li><li>(USD) Richmond Manufacturing Index 8 vs -7 expected<\/li><li>(USD) Existing Home Sales 5.38M vs 5.45M expected<\/li><li>(CAD) Retail Sales m\/m -0.10% vs 0.40% expected<\/li><li>(CAD) Core Retail Sales m\/m -0.20% vs 0.00% expected<\/li><li>(GBP) CBI Industrial Order Expectations -37 vs -25 expected<\/li><li>(GBP) Public Sector Net Borrowing 8.7B vs 8.9B expected<\/li><li>China to adopt new policy to boost trade development: Caixin<\/li><li>US Sec Ross: China was following through &#8216;in good faith&#8217; on promises in Oct; To press ahead with purchases of US farm products<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Markets Update:<\/strong><\/h3>\n\n\n\n<p>Asian stock markets are mostly lower on\nWednesday amid renewed Brexit uncertainty after British lawmakers voted to\nreject a shortened time frame for approving the legislation related to\nBritain&#8217;s withdrawal from the European Union. <\/p>\n\n\n\n<p>The vote suggests Britain&#8217;s departure from\nthe EU will not be finalized by the current deadline of October 31. The next\nstep, Johnson said, would be waiting for the EU to respond to a request to\ndelay the Oct. 31 Brexit date, which the prime minister reluctantly sent to\nBrussels on Saturday after being forced to do so by lawmakers.<\/p>\n\n\n\n<p>Among mainland Chinese stocks, the Shanghai\ncomposite edged down 0.6%, while the Shenzhen composite lost 0.8%. Hong Kong\u2019s\nHang Seng index tumbled 1%. Australia\u2019s S&amp;P\/ASX 200 traded flat. Japan\u2019s\nmarkets reopened after a holiday on Tuesday, with the Nikkei 225 rising 0.3%.\nSoftbank shares tumbled 2.89%, as the Japanese tech giant struck a deal to take\nover the embattled WeWork.<\/p>\n\n\n\n<p>Overnight, the sterling was hit by Brexit developments. The British pound fell 0.1% versus the dollar. It fell further following the news\u2014 last at 1.2860, below the 1.29 level where it had been holding. The dollar was broadly weak, ahead of a Federal Reserve policy meeting next week at which policymakers are expected to cut interest rates by 0.25 percentage point.<\/p>\n\n\n\n<p>Oil prices fell after\nindustry group data showed U.S. crude stocks rose more than expected last week.\nStill, on the whole the market held firm after China signalled progress in\ntrade talks with the United States and OPEC and its allies pondered deeper\nproduction cuts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Upcoming Events:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Tentative &#8211; (EUR) German 10-y Bond Auction<\/li><li>12:30 PM GMT &#8211; (CAD) Wholesale Sales m\/m<\/li><li>01:00 PM GMT &#8211; (USD) HPI m\/m<\/li><li>02:00 PM GMT &#8211; (EUR) Consumer Confidence<\/li><li>02:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/li><li>Tentative &#8211; (USD) Federal Budget Balance<\/li><li>10:00 PM GMT &#8211; (AUD) Flash Manufacturing PMI<\/li><li>10:00 PM GMT &#8211; (AUD) Flash Services PMI<\/li><li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite down 0.59%, Hang Seng down 0.98%, ASX up 0.01% Commodities : Gold at $1493.45 (+0.40%), Silver at $17.56 (+0.35%), Brent Oil at $59.49 (-0.35%), WTI Oil at $54.16 (-0.59%) Rates : US 10-year yield at 1.752, UK 10-year yield at 0.694, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-23rd-october-asian-stocks-in-the-red-as-brexit-timeline-rejected\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 23rd October: Asian stocks in the red as Brexit timeline rejected<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":35148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-37152","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\/37152","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=37152"}],"version-history":[{"count":4,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37152\/revisions"}],"predecessor-version":[{"id":37156,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37152\/revisions\/37156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/35148"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}