{"id":38193,"date":"2019-12-19T18:50:48","date_gmt":"2019-12-19T07:50:48","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=38193"},"modified":"2019-12-19T18:50:48","modified_gmt":"2019-12-19T07:50:48","slug":"thursday-19th-december-asian-markets-take-trump-impeachment-in-its-stride","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-19th-december-asian-markets-take-trump-impeachment-in-its-stride\/","title":{"rendered":"Thursday 19th December:  Asian markets take Trump impeachment in its stride"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite down 0.01%, Hang Seng down 0.32%, ASX down 0.27%<\/li>\n<li>Commodities : Gold at $1480.55 (+0.13%), Silver at $17.04 (-0.06%), Brent Oil at $66.17 (0.00%), WTI Oil at $60.83 (-0.03%)<\/li>\n<li>Rates : US 10-year yield at 1.920, UK 10-year yield at 0.782, Germany 10-year yield at -0.240<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) Unemployment Rate 5.20% vs 5.30% expected<\/li>\n<li>(AUD) Employment Change 39.9K vs 14.5K expected<\/li>\n<li>(NZD) GDP q\/q 0.70% vs 0.50% expected<\/li>\n<li>(USD) Crude Oil Inventories -1.1M vs -1.5M expected<\/li>\n<li>(CAD) Trimmed CPI y\/y 2.20% vs 2.20% expected<\/li>\n<li>(CAD) Median CPI y\/y 2.40% vs 2.20% expected<\/li>\n<li>(CAD) Common CPI y\/y 1.90% vs 1.90% expected<\/li>\n<li>(CAD) CPI m\/m -0.10% vs -0.10% expected<\/li>\n<li>(GBP) PPI Input m\/m -0.30% vs 0.00% expected<\/li>\n<li>(GBP) CPI y\/y 1.50% vs 1.40% expected<\/li>\n<li>(EUR) German Ifo Business Climate 96.3 vs 95.6 expected<\/li>\n<li>BoJ Gov Kuroda: The Risks For Overseas Economies Remain High<\/li>\n<li>China issues new list for tariff exemption on US Goods: Xinhua<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Thursday with modest losses following the lackluster cues overnight from Wall Street and as investors preferred to remain on the sidelines due to a lack of fresh catalysts.<\/p>\n<p>Investors digested news that the U.S. House of Representatives voted to impeach President Donald Trump, making him the third U.S. president to be impeached. Trump will now face a Senate trial next month. However, removing the president from office requires a two-thirds majority in the Senate, where the Republicans enjoy control.<\/p>\n<p>Mainland Chinese stocks recovered from an earlier slip by the market close. The Shanghai composite was largely unchanged while the Shenzhen composite gained 0.21%. Hong Kong\u2019s Hang Seng index declined more than 0.3%, as of its final hour of trading, with shares of Chinese tech behemoth Tencent dropping more than 1%. South Korea\u2019s Kospi closed slightly higher. Meanwhile, the S&amp;P\/ASX 200 in Australia shed 0.3%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.323 after seeing an earlier high of 97.42. British inflation remained mired at a three-year low in November, data showed on Wednesday, and uncertainty surrounding Brexit remains high, but this is unlikely to shift expectations that monetary policy will remain on hold.<\/p>\n<p>The yen held steady at 109.58 per dollar after the Bank of Japan kept its quantitative easing in place and issued a gloomier assessment on factory output.<\/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>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>01:30 PM GMT &#8211; (USD) Philly Fed 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 0.29%, Shanghai Composite down 0.01%, Hang Seng down 0.32%, ASX down 0.27% Commodities : Gold at $1480.55 (+0.13%), Silver at $17.04 (-0.06%), Brent Oil at $66.17 (0.00%), WTI Oil at $60.83 (-0.03%) Rates : US 10-year yield at 1.920, UK 10-year yield at 0.782, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-19th-december-asian-markets-take-trump-impeachment-in-its-stride\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 19th December:  Asian markets take Trump impeachment in its stride<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":38194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-38193","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\/38193","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=38193"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38193\/revisions"}],"predecessor-version":[{"id":38195,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38193\/revisions\/38195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/38194"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=38193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=38193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=38193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}