{"id":28850,"date":"2018-11-02T18:35:05","date_gmt":"2018-11-02T07:35:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28850"},"modified":"2018-11-02T18:35:05","modified_gmt":"2018-11-02T07:35:05","slug":"friday-2nd-november-asian-markets-mostly-higher-on-trade-optimism","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-2nd-november-asian-markets-mostly-higher-on-trade-optimism\/","title":{"rendered":"Friday 2nd November: Asian Markets Mostly Higher On Trade Optimism"},"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 2.56%, Shanghai Composite up 2.51%, Hang Seng up 3.57%, ASX up 0.14%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1233.90 (-0.38%), Silver at $14.72 (-0.42%), Brent Oil at $73.30 (+0.56%), WTI Oil at $63.74 (+0.08%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.170, UK 10-year yield at 1.455, Germany 10-year yield at 0.401<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data<\/strong>:<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.20% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing PMI 57.7 vs 59 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Official Bank Rate 0.75% vs 0.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) MPC Official Bank Rate Votes 0-0-9 vs 0-0-9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing PMI 51.1 vs 53 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance 3.02B vs 1.71B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump Asks Cabinet to Draft Possible Trade Deal With Xi<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Housing won&#39;t be coming to the rescue to solve the RBA&#39;s inflation problem<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update<\/strong>:<\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly higher on Friday after Wall Street extended gains overnight amid optimism over improvement in U.S.-China trade relations after President Donald Trump said he had a &quot;very good&quot; conversation with Chinese President Xi Jinping about trade. Tech stocks are mixed after Apple reported upbeat corporate earnings results, but warned of slower holiday sales. Investors now look ahead to the U.S. Labor Department&#39;s closely-watched employment report for the month of October to be released later today.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Hong Kong&#39;s Hang Seng index surged 3.57 percent, the Shanghai composite gained 2.37 percent and the Shenzhen composite advanced 3.017 percent. The Australian stock market is declining on Friday, reflecting weakness in banks and oil stocks. Investors also digested mixed corporate earnings results. Meanwhile, Japan&#39;s Nikkei 225 rose 2.56 percent to close at 22,243.66 while the Topix index recovered to finish 1.64 percent higher at 1,658.76.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar had fallen across the board on Thursday as the pound rallied on reports that London is close to sealing a financial services deal with Brussels, and after the Bank of England hinted at slightly rate rises in future. U.S. crude was flat at $63.68 a barrel. Brent crude was 0.2 percent higher at $73.04.<\/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;\">10:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><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, 114, 188); text-decoration-line: none; outline: 0px; background-color: initial;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span><\/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 2.56%, Shanghai Composite up 2.51%, Hang Seng up 3.57%, ASX up 0.14% Commodities : Gold at $1233.90 (-0.38%), Silver at $14.72 (-0.42%), Brent Oil at $73.30 (+0.56%), WTI Oil at $63.74 (+0.08%) Rates : US 10-year yield at 3.170, UK 10-year yield at 1.455, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-2nd-november-asian-markets-mostly-higher-on-trade-optimism\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 2nd November: Asian Markets Mostly Higher On Trade Optimism<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28850","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\/28850","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=28850"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28850\/revisions"}],"predecessor-version":[{"id":28852,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28850\/revisions\/28852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27957"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}