{"id":37480,"date":"2019-11-14T18:59:16","date_gmt":"2019-11-14T07:59:16","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37480"},"modified":"2019-11-14T18:59:16","modified_gmt":"2019-11-14T07:59:16","slug":"thursday-14th-november-asian-markets-mixed-as-chinese-industrial-production-misses-estimates","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-14th-november-asian-markets-mixed-as-chinese-industrial-production-misses-estimates\/","title":{"rendered":"Thursday 14th November: Asian markets mixed as Chinese Industrial Production misses estimates"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite up 0.16%, Hang Seng down 1.41%, ASX up 0.55%<\/li>\n<li>Commodities : Gold at $1467.75 (+0.30%), Silver at $16.97 (+0.35%), Brent Oil at $62.67 (+0.48%), WTI Oil at $57.44 (+0.56%)<\/li>\n<li>Rates : US 10-year yield at 1.855, UK 10-year yield at 0.762, Germany 10-year yield at -0.317<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(EUR) German Prelim GDP q\/q 0.10% vs -0.10% expected<\/li>\n<li>(CNY) Industrial Production y\/y 4.70% vs 5.50% expected<\/li>\n<li>(CNY) Fixed Asset Investment ytd\/y 5.20% vs 5.40% expected<\/li>\n<li>(AUD) Unemployment Rate 5.30% vs 5.20% expected<\/li>\n<li>(AUD) Employment Change -19.0K vs 16.2K expected<\/li>\n<li>(USD) Core CPI m\/m 0.20% vs 0.20% expected<\/li>\n<li>(USD) CPI m\/m 0.40% vs 0.30% expected<\/li>\n<li>(GBP) CPI y\/y 1.50% vs 1.60% expected<\/li>\n<li>Draghi one of &#8216;the great monetary fools in history&#8217;: Former Federal Reserve Bank of Dallas CEO<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Thursday amid doubts about a U.S.-China trade deal after the Wall Street Journal reported that trade talks have hit a snag over Chinese purchases of U.S. agricultural products.<\/p>\n<p>Data that showed China&#8217;s industrial production for October missed estimates and Japan&#8217;s economic growth touched a one-year low in the third quarter also dampened investor sentiment. In addition, Australia&#8217;s unemployment rate increased in October.<\/p>\n<p>Mainland Chinese shares gained by the afternoon, with the Shenzhen component adding 0.2% and the Shenzhen composite also advancing 0.6%. Hong Kong\u2019s Hang Seng index slipped 1.5%. Shares of Chinese tech juggernaut Tencent dropped 3% after the heavyweight announced on Wednesday a 13% year-on-year drop in profit. Elsewhere, Japan\u2019s Nikkei 225 slipped 0.8% as shares of Familymart dropped about 3%.<\/p>\n<p>In currency markets, safe havens such as the Japanese yen and Swiss franc held on to gains. The Australian dollar skidded to a one-month low on Thursday after a worryingly weak reading on employment re-ignited speculation about another cut in interest rates. The yield on benchmark 10-year Treasury notes rose to 1.8652% compared with its U.S. close of 1.869% on Wednesday.<\/p>\n<p>Oil prices rose in the afternoon of Asian trading hours. The international benchmark Brent crude futures contract added 0.5% to $62.67 per barrel.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) Retail Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) PPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/li>\n<li>03:00 PM GMT &#8211; (USD) Fed Chair Powell Testifies<\/li>\n<li>04:00 PM GMT &#8211; (USD) Crude Oil Inventories<\/li>\n<li>05:00 PM GMT &#8211; (CHF) Gov Board Member Maechler Speaks<\/li>\n<li>09:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/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 0.76%, Shanghai Composite up 0.16%, Hang Seng down 1.41%, ASX up 0.55% Commodities : Gold at $1467.75 (+0.30%), Silver at $16.97 (+0.35%), Brent Oil at $62.67 (+0.48%), WTI Oil at $57.44 (+0.56%) Rates : US 10-year yield at 1.855, UK 10-year yield at 0.762, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-14th-november-asian-markets-mixed-as-chinese-industrial-production-misses-estimates\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 14th November: Asian markets mixed as Chinese Industrial Production misses estimates<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":37481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-37480","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\/37480","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=37480"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37480\/revisions"}],"predecessor-version":[{"id":37482,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37480\/revisions\/37482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/37481"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}