{"id":27030,"date":"2018-06-15T11:04:29","date_gmt":"2018-06-15T05:34:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27030"},"modified":"2018-06-19T11:29:31","modified_gmt":"2018-06-19T05:59:31","slug":"friday-15th-junemarkets-lower-as-us-sino-trade-tariff-announcements-expected-today","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-15th-junemarkets-lower-as-us-sino-trade-tariff-announcements-expected-today\/","title":{"rendered":"Friday 15th June: Markets lower as US-Sino Trade Tariff announcements expected today"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.55%, Shanghai Composite down 0.87%, Hang Seng down 0.08%, ASX up 1.32%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1304.70 (-0.28%), Silver at $17.21 (-0.33%), Brent Oil at $75.86 (-0.11%), WTI Oil at $66.92 (+0.04%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.935, UK 10-year yield at 1.311, Germany 10-year yield at 0.422<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) BOJ Policy Rate -0.10% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Business NZ Manufacturing Index 54.5 vs 59.1 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims 218K vs 223K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m 0.80% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m 0.90% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) NHPI m\/m 0.00% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Main Refinancing Rate 0.00% vs 0.00% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Retail Sales m\/m 1.30% vs 0.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s May house prices rise 0.7 percent month-on-month<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Mexican Financial Stability Board: Domestic Economy, Financial System Could Face A Complex Scenario Due Uncertainty<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">PboC Sets Yuan Mid Point At Weakest Since Jan 18<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mixed on Friday amid worries about trade wars as the U.S. is expected to unveil tariffs of about $50 billion in Chinese imports, while Beijing has said it will retaliate if the U.S. imposes tariffs.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Mainland China equities have been underperforming with small-cap focussed Shenzhen down by more than 2%. The Bank of Japan monetary policy announcement was able to generate some Yen volatility, albeit it was rather restrained. The BoJ both left the policy balance rate and the 10-year JGB yield target unchanged, which led to a weaker yen. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Nikkei opened whigher with a gap but looks to have pared all its initial gains.&nbsp; The Australian market is advancing following the mostly positive cues from Wall Street and on higher commodity prices. Stocks are gaining across the board. Many markets in Asia were closed on Friday for holidays celebrating the end of Ramadan.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Euro slipped after the European Central Bank indicated plans to wind down its bond buying program and pledged to keep interest rates on hold for at least a year. Even as it pledged to end its massive bond purchase scheme by the end of this year, the common currency shed 1.9 percent to the dollar after the rate comments, in its sharpest daily fall in almost two years since Brexit vote shock in 2016.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices were little changed as investors eyed a key OPEC meeting in Vienna. Saudi Arabia and Russia, architects of a producer deal to cut output, have indicated they want production to rise.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Policy Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Final CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Foreign Securities Purchases<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Empire State Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (USD) Capacity Utilization Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:15 PM GMT &#8211; (USD) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.55%, Shanghai Composite down 0.87%, Hang Seng down 0.08%, ASX up 1.32% Commodities : Gold at $1304.70 (-0.28%), Silver at $17.21 (-0.33%), Brent Oil at $75.86 (-0.11%), WTI Oil at $66.92 (+0.04%) Rates : US 10-year yield at 2.935, UK 10-year yield at 1.311, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-15th-junemarkets-lower-as-us-sino-trade-tariff-announcements-expected-today\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 15th June: Markets lower as US-Sino Trade Tariff announcements expected today<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=27030"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27030\/revisions"}],"predecessor-version":[{"id":27032,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27030\/revisions\/27032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26644"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}