{"id":29770,"date":"2019-01-07T18:14:33","date_gmt":"2019-01-07T07:14:33","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=29770"},"modified":"2019-01-07T18:18:10","modified_gmt":"2019-01-07T07:18:10","slug":"monday-7th-january-asian-markets-higher-as-investor-sentiment-improves","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-7th-january-asian-markets-higher-as-investor-sentiment-improves\/","title":{"rendered":"Monday 7th January: Asian markets higher as investor sentiment improves"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 2.39%, Shanghai Composite up 0.79%, Hang Seng up 0.83%, ASX up 1.14%<\/li>\n<li>Commodities : Gold at $1290.90 (+0.40%), Silver at $15.83 (+0.27%), Brent Oil at $57.85 (+1.38%), WTI Oil at $48.70 (+1.54%)<\/li>\n<li>Rates : US 10-year yield at 2.664, UK 10-year yield at 1.272, Germany 10-year yield at 0.209<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Unemployment Rate 3.90% vs 3.70% expected<\/li>\n<li>(USD) Non-Farm Employment Change 312K vs 179K expected<\/li>\n<li>(USD) Average Hourly Earnings m\/m 0.40% vs 0.30% expected<\/li>\n<li>(CAD) RMPI m\/m -11.70% vs 0.40% expected<\/li>\n<li>(CAD) Unemployment Rate 5.60% vs 5.70% expected<\/li>\n<li>(CAD) Employment Change 9.3K vs 6.8K expected<\/li>\n<li>(EUR) Core CPI Flash Estimate y\/y 1.00% vs 1.00% expected<\/li>\n<li>(EUR) CPI Flash Estimate y\/y 1.60% vs 1.80% expected<\/li>\n<li>(GBP) Services PMI 51.2 vs 50.7 expected<\/li>\n<li>(GBP) Net Lending to Individuals m\/m 4.4B vs 4.9B expected<\/li>\n<li>(CNY) Caixin Services PMI 53.9 vs 52.9 expected<\/li>\n<li>China: there will be more monetary easing<\/li>\n<li>Australia&#8217;s manufacturing sector contracted for the first time in two years<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian shares sped ahead on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market&#8217;s worst fears about the global outlook. Investor sentiment picked up slightly ahead of a round of trade negotiations between the United States and China in Beijing.<\/p>\n<p>Chinese stocks firmed after the country&#8217;s central bank announced an easing in policy on Friday, with 100 basis points of cuts to bank reserve requirements freeing up around $116 billion for new lending. Hong Kong\u2019s Hang Seng index also saw gains of 0.8 percent.<\/p>\n<p>Japan\u2019s Nikkei 225 soared 2.4 percent in afternoon session while the Topix jumped 2.8 percent. Shares of automaker Toyota gained around 3 percent. Australia\u2019s benchmark ASX 200 was up 1.1 percent with most sectors seeing gains.<\/p>\n<p>Gold benefited from the diminished risk of U.S. rate hikes and held at $1,288.81 , just off a six-month top. The U.S. dollar softened broadly with the euro edging up to $1.1428 and the dollar index easing 0.2 percent to 95.971. The currency could not even hold early gains on the yen, lapsing back to 108.05.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, January 07, 2019<\/p>\n<ul>\n<li>04:00 PM GMT &#8211; (CAD) Ivey PMI<\/li>\n<li>04:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/li>\n<\/ul>\n<p>Tuesday, January 08, 2019<\/p>\n<ul>\n<li>01:30 AM GMT &#8211; (AUD) Trade Balance<\/li>\n<li>02:30 PM GMT &#8211; (CAD) Trade Balance<\/li>\n<\/ul>\n<p>Wednesday, January 09, 2019<\/p>\n<ul>\n<li>01:00 AM GMT &#8211; (JPY) Average Cash Earnings y\/y<\/li>\n<li>01:30 AM GMT &#8211; (AUD) Building Approvals m\/m<\/li>\n<li>03:00 PM GMT &#8211; (USD) FOMC Member Evans Speaks<\/li>\n<li>04:00 PM GMT &#8211; (CAD) BOC Monetary Policy Report<\/li>\n<li>04:00 PM GMT &#8211; (CAD) BOC Rate Statement<\/li>\n<li>04:00 PM GMT &#8211; (CAD) Overnight Rate<\/li>\n<li>04:15 PM GMT &#8211; (CAD) BOC Press Conference<\/li>\n<li>04:30 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>05:30 PM GMT &#8211; (USD) FOMC Member Rosengren Speaks<\/li>\n<li>08:00 PM GMT &#8211; (USD) FOMC Meeting Minutes<\/li>\n<\/ul>\n<p>Thursday, January 10, 2019<\/p>\n<ul>\n<li>01:30 PM GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/li>\n<li>06:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>06:40 PM GMT &#8211; (USD) FOMC Member Bullard Speaks<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Member Evans Speaks<\/li>\n<li>11:30 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<\/ul>\n<p>Friday, January 11, 2019<\/p>\n<ul>\n<li>01:30 AM GMT &#8211; (AUD) Retail Sales m\/m<\/li>\n<li>10:30 AM GMT &#8211; (GBP) GDP m\/m<\/li>\n<li>10:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) Core CPI m\/m<\/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 up 2.39%, Shanghai Composite up 0.79%, Hang Seng up 0.83%, ASX up 1.14% Commodities : Gold at $1290.90 (+0.40%), Silver at $15.83 (+0.27%), Brent Oil at $57.85 (+1.38%), WTI Oil at $48.70 (+1.54%) Rates : US 10-year yield at 2.664, UK 10-year yield at 1.272, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-7th-january-asian-markets-higher-as-investor-sentiment-improves\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 7th January: Asian markets higher as investor sentiment improves<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-29770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29770","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=29770"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29770\/revisions"}],"predecessor-version":[{"id":29773,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29770\/revisions\/29773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/29771"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=29770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=29770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=29770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}