{"id":29898,"date":"2019-01-15T17:05:31","date_gmt":"2019-01-15T06:05:31","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=29898"},"modified":"2019-01-15T17:05:31","modified_gmt":"2019-01-15T06:05:31","slug":"tuesday-15th-january-green-asia-on-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-15th-january-green-asia-on-stimulus-hopes\/","title":{"rendered":"Tuesday 15th January: Green Asia on stimulus hopes"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.85%, Shanghai Composite up 0.83%, Hang Seng up 1.65%, ASX up 0.71%<\/li>\n<li>Commodities : Gold at $1291.25 (0.00%), Silver at $15.72 (+0.24%), Brent Oil at $59.78 (+1.34%), WTI Oil at $51.20 (+1.37%)<\/li>\n<li>Rates : US 10-year yield at 2.715, UK 10-year yield at 1.298, Germany 10-year yield at 0.231<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(NZD) FPI m\/m -0.20% vs -0.60% previous<\/li>\n<li>(NZD) NZIER Business Confidence -17 vs -30 previous<\/li>\n<li>(EUR) Industrial Production m\/m -1.70% vs 0.30% expected<\/li>\n<li>(CNY) Foreign Direct Investment ytd\/y 0.90% vs -1.30% previous<\/li>\n<li>(EUR) German WPI m\/m -1.20% vs 0.30% expected<\/li>\n<li>(CNY) USD-Denominated Trade Balance 57.1B vs 51.6B expected<\/li>\n<li>China NDRC: Will strengthen counter-cyclical adjustments in its macroeconomic policy<\/li>\n<li>Janet Yellen says it&#8217;s &#8216;very possible&#8217; the Fed has made its last rate hike of this cycle<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stocks pulled ahead on Tuesday, led by a bounce in Chinese shares as Beijing signaled more supportive measures to stabilize a slowing economy, while the British pound braced for a showdown in parliament over the government&#8217;s Brexit plan.<\/p>\n<p>In Japan, the benchmark Nikkei 225 added 0.9 percent after resuming trade on Tuesday \u2014 the Japanese market was closed Monday for a public holiday. South Korea\u2019s Kospi gained 1.31 percent while the Kosdaq rose 1.52 percent. Greater China markets also gained: Hong Kong\u2019s Hang Seng index rose 1.65 percent. Mainland Chinese markets higher, with Shanghai composite up by 0.85%.<\/p>\n<p>Australia\u2019s ASX 200 was up 0.7 percent as the heavily-weighted financial subindex added 0.57 percent while the energy and materials sectors also posted gains.<\/p>\n<p>The British pound is likely to steal the limelight later in the day as the Britain&#8217;s parliament will vote on Prime Minister Theresa May&#8217;s Brexit deal. The pound&#8217;s one-month implied volatility stood at 12.5 percent, above the average for the past year of around 8.8 percent well off 20-percent plus levels seen in the days just before the UK referendum on June 23, 2016. Oil prices also rebounded on supply cuts by producer club OPEC and Russia.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>02:30 PM GMT &#8211; (USD) PPI m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) Core PPI m\/m<\/li>\n<li>04:00 PM GMT &#8211; (EUR) ECB President Draghi Speaks<\/li>\n<li>Tentative &#8211; (GBP) Parliament Brexit Vote<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Member George Speaks<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.85%, Shanghai Composite up 0.83%, Hang Seng up 1.65%, ASX up 0.71% Commodities : Gold at $1291.25 (0.00%), Silver at $15.72 (+0.24%), Brent Oil at $59.78 (+1.34%), WTI Oil at $51.20 (+1.37%) Rates : US 10-year yield at 2.715, UK 10-year yield at 1.298, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-15th-january-green-asia-on-stimulus-hopes\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 15th January: Green Asia on stimulus hopes<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-29898","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\/29898","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=29898"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29898\/revisions"}],"predecessor-version":[{"id":29900,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29898\/revisions\/29900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/29899"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=29898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=29898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=29898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}