{"id":28919,"date":"2018-11-08T18:03:17","date_gmt":"2018-11-08T07:03:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28919"},"modified":"2018-11-08T18:03:17","modified_gmt":"2018-11-08T07:03:17","slug":"thursday-8th-november-asian-markets-attempt-to-rise-after-divided-congress","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-8th-november-asian-markets-attempt-to-rise-after-divided-congress\/","title":{"rendered":"Thursday 8th November: Asian Markets attempt to rise after divided Congress"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 1.83%, Shanghai Composite down 0.13%, Hang Seng up 0.39%, ASX up 0.53%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1226.40 (-0.19%), Silver at $14.56 (-0.06%), Brent Oil at $72.10 (+0.04%), WTI Oil at $61.76 (+0.15%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.228, UK 10-year yield at 1.535, Germany 10-year yield at 0.452<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance 234B vs 209B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Official Cash Rate 1.75% vs 1.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 5.8M vs 2.0M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Ivey PMI 61.8 vs 50.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Inflation Expectations q\/q 2.00% vs 2.00% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Average Cash Earnings y\/y 1.10% vs 1.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australia ForMin Payne: Australia Committed To Deepening China Relations<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Venezuela&#39;s annual inflation hit 833,997 percent in October: Congress<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are in positive territory on Thursday amid improved risk appetite following the overnight rally on Wall Street after the U.S. midterm election results came largely in line with expectations. Democrats retook control of the House for the first time since 2010, while President Donald Trump&#39;s Republican Party tightened their hold on the Senate. Investors now look ahead to the U.S. Federal Reserve&#39;s monetary policy announcement due later today. The Fed is widely expected to leave interest rates unchanged, but investors will keep a close eye on the accompanying statement for clues about an expected rate hike in December.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Greater China markets advanced during the morning session but retreated later on giving up most of the gains, with Hong Kong&#39;s Hang Seng index seeing gains of 0.39 percent while the Shanghai composite slightly lower at 0.13 percent and the Shenzhen composite losing 0.23 percent. Looking to other major Asian markets, Japan&#39;s Nikkei 225 jumped 1.83 percent in afternoon trade and the Topix index saw gains of 1.74 percent. South Korea&#39;s Kospi advanced by 1.35 percent. In Australia, the ASX 200 was 0.53 percent higher in the afternoon, with most sectors seeing gains as energy stocks advanced 0.62 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index against a basket of six major currencies gained 0.2 percent to 96.188, pulling back from 95.678 plumbed on Wednesday, its lowest since Oct. 22. That low for the greenback was driven by a knee-jerk reaction to the U.S. midterm election results, with a divided Congress seen dulling Trump&#39;s fiscal stimulus drive. Oil prices struggled after surging U.S. crude output hit another record and domestic inventories rose more than expected.<a name=\"_GoBack\"><\/a><\/span>\n<\/p>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (EUR) EU Economic Forecasts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 PM GMT &#8211; (CHF) Gov Board Member Maechler Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 PM GMT &#8211; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.83%, Shanghai Composite down 0.13%, Hang Seng up 0.39%, ASX up 0.53% Commodities : Gold at $1226.40 (-0.19%), Silver at $14.56 (-0.06%), Brent Oil at $72.10 (+0.04%), WTI Oil at $61.76 (+0.15%) Rates : US 10-year yield at 3.228, UK 10-year yield at 1.535, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-8th-november-asian-markets-attempt-to-rise-after-divided-congress\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 8th November: Asian Markets attempt to rise after divided Congress<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28919","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\/28919","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=28919"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28919\/revisions"}],"predecessor-version":[{"id":28920,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28919\/revisions\/28920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28756"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}