{"id":34939,"date":"2019-06-11T15:49:40","date_gmt":"2019-06-11T05:49:40","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34939"},"modified":"2019-06-11T15:49:40","modified_gmt":"2019-06-11T05:49:40","slug":"tuesday-11th-june-asian-markets-gain-us-mexico-deal","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-11th-june-asian-markets-gain-us-mexico-deal\/","title":{"rendered":"Tuesday 11th June: Asian markets gain US Mexico deal."},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.35%, Shanghai Composite up 1.95%, Hang Seng up 0.75%, ASX up 1.49%<\/li>\n<li>Commodities : Gold at $1332.75 (+0.26%), Silver at $14.70 (+0.40%), Brent Oil at $62.51 (+0.35%), WTI Oil at $53.65 (+0.73%)<\/li>\n<li>Rates : US 10-year yield at 2.150, UK 10-year yield at 0.835, Germany 10-year yield at -0.213<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) NAB Business Confidence 7 vs 0 previous<\/li>\n<li>(GBP) Manufacturing Production m\/m -3.90% vs -1.10% expected<\/li>\n<li>(GBP) GDP m\/m -0.40% vs -0.10% expected<\/li>\n<li>(CNY) Trade Balance 279B vs 136B expected<\/li>\n<li>China&#8217;s internet censor shuts financial news aggregator wallstreetcn.com amid worsening US relations over trade and tech<\/li>\n<li>Trump Says &#8220;Fed Didn&#8217;t Listen to Me&#8221;, Now Seeks &#8220;Level Playing Field&#8221; With China<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Tuesday following the positive cues overnight from Wall Street after the U.S. and Mexico struck a deal to avoid tariffs being implemented. However, Trump also warned Mexico that tariffs will be reinstated if the country&#8217;s legislative body does not approve an unrevealed, but &#8220;very important&#8221; part of the U.S.-Mexico deal. Investors shrugged off news that U.S. President Donald Trump has threatened to impose new tariffs on China if his counterpart Xi Jinping does not attend the upcoming G-20 meeting in Japan later this month.<\/p>\n<p>Shares in mainland China jumped by the afternoon, with the Shanghai composite rising 1.9% and the Shenzhen composite also gaining 2.9%. Over in Hong Kong, the Hang Seng index added 0.7%. Elsewhere, Japan\u2019s Nikkei 225 traded up by 0.4% in the afternoon and the Topix index added 0.4%. ver in Australia, shares traded higher after returning from a holiday. The ASX 200 advanced 1.5% as most sectors saw gains.<\/p>\n<p>In the currency markets, the dollar extended gains it made against its peers in the wake of Friday&#8217;s agreement between the United States and Mexico. The benchmark U.S. Treasury 10-year yield stretched an overnight spike and touched an 11-day peak of 2.157%. The yield had risen about 6 basis points on Monday as the U.S.-Mexico deal boosted risk appetite and curbed investor demand for safe-haven government debt.<\/p>\n<p>Crude oil fell on Monday, with U.S. futures losing 1.3%, as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and with U.S.-China trade tensions continuing to threaten demand for the commodity.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) PPI 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 0.35%, Shanghai Composite up 1.95%, Hang Seng up 0.75%, ASX up 1.49% Commodities : Gold at $1332.75 (+0.26%), Silver at $14.70 (+0.40%), Brent Oil at $62.51 (+0.35%), WTI Oil at $53.65 (+0.73%) Rates : US 10-year yield at 2.150, UK 10-year yield at 0.835, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-11th-june-asian-markets-gain-us-mexico-deal\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 11th June: Asian markets gain US Mexico deal.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":34940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34939","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\/34939","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=34939"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34939\/revisions"}],"predecessor-version":[{"id":34941,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34939\/revisions\/34941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/34940"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}