{"id":29047,"date":"2018-11-19T17:59:48","date_gmt":"2018-11-19T06:59:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=29047"},"modified":"2018-11-19T17:59:48","modified_gmt":"2018-11-19T06:59:48","slug":"monday-19th-november-asian-markets-mixed-fed-signalling-and-us-sino-deal-prospects","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-19th-november-asian-markets-mixed-fed-signalling-and-us-sino-deal-prospects\/","title":{"rendered":"Monday 19th November: Asian markets mixed Fed signalling and US-Sino deal prospects"},"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 0.62%, Shanghai Composite up 0.57%, Hang Seng up 0.22%, ASX down 0.64%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1219.10 (-0.32%), Silver at $14.35 (-0.26%), Brent Oil at $67.22 (+0.69%), WTI Oil at $57.27 (+1.04%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.070, UK 10-year yield at 1.414, Germany 10-year yield at 0.373<\/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;\">(USD) TIC Long-Term Purchases 30.8B vs 46.2B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) CB Leading Index m\/m -0.10% vs 0.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CB Leading Index m\/m -0.40% vs -0.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Industrial Production m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Capacity Utilization Rate 78.40% vs 78.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asia covenant quality falls to all-time weakest level on Chinese property bonds<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australia focuses on Pacific after APEC meeting ends in disagreement<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">CFTC Positioning Data:<\/span><\/strong><br \/>\n<\/h2>\n<p>\n\tFor leveraged funds positioning:\n<\/p>\n<ul>\n<li>\n\t\tEUR net short, fell by 9,708 contracts to 93,037\n\t<\/li>\n<li>\n\t\tJPY net short increased by 10,266 contracts to 69,863\n\t<\/li>\n<li>\n\t\tGBP from net short of 16K odd contracts, the previous week to now a net long 1,829\n\t<\/li>\n<li>\n\t\tCHF net short down 142 contracts to 5,948&nbsp;\n\t<\/li>\n<li>\n\t\tCAD net short, down 693 contracts to 9,206&nbsp;\n\t<\/li>\n<li>\n\t\tAUD net short reduced by 3,572 contracts to 22,534\n\t<\/li>\n<li>\n\t\tNZD net short down by 866 contracts to 17,410\n\t<\/li>\n<\/ul>\n<p>\n\tFor asset manager positions:\n<\/p>\n<ul>\n<li>\n\t\tEUR net long +9,171 contracts to 143,526 (i.e. net long increased by 9171 contracts)\n\t<\/li>\n<li>\n\t\tJPY net short +5,585 contracts to 21,795\n\t<\/li>\n<li>\n\t\tGBP net short +2,838 contracts to 45,390&nbsp;\n\t<\/li>\n<li>\n\t\tCHF net short +702 contracts to 13,492&nbsp;\n\t<\/li>\n<li>\n\t\tCAD net long -268 contracts to 8,705&nbsp;\n\t<\/li>\n<li>\n\t\tAUD net short -4,117 contracts to 33,596&nbsp;\n\t<\/li>\n<li>\n\t\tNZD net short -4,270 contracts to 3,247&nbsp;\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;\">Share markets turned mixed in Asia on Monday amid conflicting signals on the prospects for a truce in the Sino-U.S. trade dispute, while the Federal Reserve&#39;s newly-found concerns over the global economy constrained the dollar. Investors also reacted cautiously to news that for the first time in the history of the Asia-Pacific Economic Cooperation or APEC, leaders from 21 Asia-Pacific nations failed to agree on a post-summit communiqu&eacute; after the weekend&#39;s summit in Papua New Guinea<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian market is declining following the mixed cues from Wall Street and on worries about U.S.-China trade tensions as well as Brexit. The Chinese markets, which have been closely watched due to the trade fight between Washington and Beijing, were volatile at the end of the morning session. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Shanghai composite saw gains of 0.57 percent while the Shenzhen composite gained 0.4 percent after slipping 0.3 percent earlier in the day. Meanwhile, Hong Kong&#39;s Hang Seng index advanced 0.22 percent. Japan&#39;s Nikkei 225 rose 0.62 percent in afternoon trade while the Topix index saw gains of 0.45 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Federal Reserve policymakers are still signaling rate increases ahead but also sounded more concerned about a potential global slowdown, leading markets to suspect the tightening cycle may not have much further to run. Investors have already lengthened the odds on further hikes, with a December move now priced at 73 percent, down from over 90 percent. Futures imply rates around 2.74 percent for the end of next year, compared to 2.93 percent early this month.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Oil prices suffered their sixth straight week of losses last week, but have found some aid from expectations the Organization of the Petroleum Exporting Countries would cut output.<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<p>\n\t<span style=\"font-size:14px;\"><strong>Tuesday, November 20, 2018&nbsp;<\/strong>&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:20 AM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (All) OPEC-JMMC Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) Inflation Report Hearings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:45 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00 PM GMT &#8211; (CAD) Gov Council Member Lane Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Wednesday, November 21, 2018&nbsp;<\/strong>&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">10:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Thursday, November 22, 2018<\/strong>&nbsp;&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:45 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:55 PM GMT &#8211; (GBP) MPC Member Saunders Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Friday, November 23, 2018&nbsp;<\/strong>&nbsp;<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:15 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:15 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/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 0.62%, Shanghai Composite up 0.57%, Hang Seng up 0.22%, ASX down 0.64% Commodities : Gold at $1219.10 (-0.32%), Silver at $14.35 (-0.26%), Brent Oil at $67.22 (+0.69%), WTI Oil at $57.27 (+1.04%) Rates : US 10-year yield at 3.070, UK 10-year yield at 1.414, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-19th-november-asian-markets-mixed-fed-signalling-and-us-sino-deal-prospects\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 19th November: Asian markets mixed Fed signalling and US-Sino deal prospects<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29047","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\/29047","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=29047"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29047\/revisions"}],"predecessor-version":[{"id":29049,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29047\/revisions\/29049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/29048"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=29047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=29047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=29047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}