{"id":34662,"date":"2019-05-27T16:24:47","date_gmt":"2019-05-27T06:24:47","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34662"},"modified":"2019-05-27T16:24:47","modified_gmt":"2019-05-27T06:24:47","slug":"monday-27th-may-asian-markets-largely-flat-pro-europe-gains-in-eu-elections","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-27th-may-asian-markets-largely-flat-pro-europe-gains-in-eu-elections\/","title":{"rendered":"Monday 27th May: Asian markets largely flat; Pro-Europe gains in EU elections"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite up 1.42%, Hang Seng down 0.06%, ASX down 0.06%<\/li>\n<li>Commodities : Gold at $1285.65 (+0.11%), Silver at $14.59 (+0.25%), Brent Oil at $67.48 (+0.01%), WTI Oil at $58.42 (-0.66%)<\/li>\n<li>Rates : US 10-year yield at 2.324, UK 10-year yield at 0.959, Germany 10-year yield at -0.113<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Durable Goods Orders m\/m -2.10% vs -2.00% expected<\/li>\n<li>(USD) Core Durable Goods Orders m\/m 0.00% vs 0.10% expected<\/li>\n<li>(GBP) Retail Sales m\/m 0.00% vs -0.30% expected<\/li>\n<li>Japan PM Abe says determined to show world strong alliance with U.S.<\/li>\n<li>Corbyn hints at 2nd referendum for first time as Brexit Party crush Labour in EU poll<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR short 101K vs 95K short last week. Shorts increased by 6K<\/li>\n<li>GBP short 26K vs 3K short last week. Shorts increased by 23K<\/li>\n<li>JPY short 55K vs 62K short last week. Shorts trimmed by 7K<\/li>\n<li>CHF short 37k vs 40k short last week. Shorts trimmed by 3K<\/li>\n<li>AUD short 66k vs 66k short last week. Shorts increased by 2K<\/li>\n<li>NZD short 11K vs 11K short last week. Unchanged<\/li>\n<li>CAD short 42K vs 48K short last week. Shorts trimmed by 6K<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets with the exception of China are largely mixed on Monday despite the positive cues from Wall Street Friday after worries about U.S.-China trade tensions eased following comments from U.S. President Donald Trump that he remains hopeful of a trade deal.<\/p>\n<p>Early results from the weekend&#8217;s European Parliament elections that showed the EU parliament will be much more fragmented weighed on investor sentiment. Investors are also cautious as they looked ahead to the U.S.-Japan summit talks due later in the day. Trump is currently on a state visit to Japan.<\/p>\n<p>In Japan, the Nikkei 225 rose 0.3%, with shares of index heavyweight Fast Retailing advancing. The Topix also gained 0.4%. Mainland Chinese shares gained by the afternoon, with the Shanghai composite up 1.4%, and the Shenzhen composite up 2.2%. Over in Hong Kong, however, the Hang Seng index slid 0.1%. Over in South Korea, the Kospi traded down 0.1% while Australia\u2019s ASX 200 was fractionally lower.<\/p>\n<p>The dollar index against a basket of six major currencies inched down 0.1% to 97.565. Oil prices were mixed on Monday as supply cuts led by producer club OPEC kept markets relatively tight, but Brent remained below $70 per barrel on concerns over the U.S.-China trade war.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, May 27, 2019<\/p>\n<ul>\n<li>04:00 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/li>\n<\/ul>\n<p>Tuesday, May 28, 2019<\/p>\n<ul>\n<li>3:00 pm GMT &#8211; (USD) CB Consumer Confidence<\/li>\n<li>10:00 PM GMT &#8211; (NZD) RBNZ Financial Stability Report<\/li>\n<\/ul>\n<p>Wednesday, May 29, 2019<\/p>\n<ul>\n<li>12:00 AM GMT &#8211; (NZD) RBNZ Gov Orr Speaks<\/li>\n<li>01:00 AM GMT &#8211; (JPY) BOJ Gov Kuroda Speaks<\/li>\n<li>02:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/li>\n<li>02:10 AM GMT &#8211; (NZD) RBNZ Gov Orr Speaks<\/li>\n<li>08:00 AM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/li>\n<li>03:00 PM GMT &#8211; (CAD) BOC Rate Statement<\/li>\n<li>03:00 PM GMT &#8211; (CAD) Overnight Rate<\/li>\n<\/ul>\n<p>Thursday, May 30, 2019<\/p>\n<ul>\n<li>02:30 AM GMT &#8211; (AUD) Building Approvals m\/m<\/li>\n<li>02:30 AM GMT &#8211; (AUD) Private Capital Expenditure q\/q<\/li>\n<li>03:00 AM GMT &#8211; (NZD) Annual Budget Release<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Current Account<\/li>\n<li>01:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/li>\n<li>05:00 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<li>07:15 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/li>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/li>\n<\/ul>\n<p>Friday, May 31, 2019<\/p>\n<ul>\n<li>02:00 AM GMT &#8211; (CNY) Manufacturing PMI<\/li>\n<li>02:00 AM GMT &#8211; (CNY) Non-Manufacturing PMI<\/li>\n<li>All Day &#8211; (EUR) German Prelim CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) GDP m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/li>\n<li>02:45 PM GMT &#8211; (USD) Chicago PMI<\/li>\n<li>03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/li>\n<li>05:00 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/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 0.34%, Shanghai Composite up 1.42%, Hang Seng down 0.06%, ASX down 0.06% Commodities : Gold at $1285.65 (+0.11%), Silver at $14.59 (+0.25%), Brent Oil at $67.48 (+0.01%), WTI Oil at $58.42 (-0.66%) Rates : US 10-year yield at 2.324, UK 10-year yield at 0.959, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-27th-may-asian-markets-largely-flat-pro-europe-gains-in-eu-elections\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 27th May: Asian markets largely flat; Pro-Europe gains in EU elections<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":34663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34662","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\/34662","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=34662"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34662\/revisions"}],"predecessor-version":[{"id":34664,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34662\/revisions\/34664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/34663"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}