{"id":35147,"date":"2019-06-24T16:11:29","date_gmt":"2019-06-24T06:11:29","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=35147"},"modified":"2019-06-24T16:14:38","modified_gmt":"2019-06-24T06:14:38","slug":"monday-24th-june-markets-flat-as-investors-look-forward-to-g20-outcomes","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-24th-june-markets-flat-as-investors-look-forward-to-g20-outcomes\/","title":{"rendered":"Monday 24th June: Markets flat as investors look forward to G20 outcomes"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.16%, Shanghai Composite down 0.02%, Hang Seng up 0.04%, ASX up 0.09%<\/li>\n<li>Commodities : Gold at $1407.25 (+0.51%), Silver at $15.33 (+0.27%), Brent Oil at $64.72 (+0.42%), WTI Oil at $57.85 (+0.73%)<\/li>\n<li>Rates : US 10-year yield at 2.049, UK 10-year yield at 0.850, Germany 10-year yield at -0.286<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Flash Manufacturing PMI 50.1 vs 50.5 expected<\/li>\n<li>(CAD) Retail Sales m\/m 0.10% vs 0.30% expected<\/li>\n<li>(CAD) Core Retail Sales m\/m 0.10% vs 0.60% expected<\/li>\n<li>(GBP) Public Sector Net Borrowing 4.5B vs 3.3B expected<\/li>\n<li>(EUR) Flash Services PMI 53.4 vs 53 expected<\/li>\n<li>(EUR) Flash Manufacturing PMI 47.8 vs 48 expected<\/li>\n<li>(EUR) German Flash Services PMI 55.6 vs 55.3 expected<\/li>\n<li>(EUR) German Flash Manufacturing PMI 45.4 vs 44.6 expected<\/li>\n<li>(EUR) French Flash Manufacturing PMI 52 vs 51 expected<\/li>\n<li>(EUR) French Flash Services PMI 53.1 vs 51.6 expected<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR short 52K vs 87K short last week. Shorts trimmed by 35K<\/li>\n<li>GBP short 53K vs 45K short last week. Shorts increased by 8K<\/li>\n<li>JPY short 17K vs 45K short last week. Short trimmed by 28K<\/li>\n<li>CHF short 15k vs 25k short last week. Shorts trimmed by 10K<\/li>\n<li>AUD short 65k vs 63k short last week. Shorts increased by 2K<\/li>\n<li>NZD short 24K vs 16K short last week. Shorts increased by 8K<\/li>\n<li>CAD short 38K vs 33K short last week. Shorts increased by 5K<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly flat on Monday following the modest losses on Wall Street Friday amid worries about tensions in the Middle East and on caution ahead of the G-20 summit in Japan later this week. U.S. President Donald Trump is due to meet with Chinese President Xi Jinping at the G-20 summit in an effort to revive U.S.-China trade talks.<\/p>\n<p>Mainland Chinese stocks slipped by the afternoon, with the Shanghai composite down slightly, while the Shenzhen composite declined 0.1%. Over in Hong Kong, the Hang Seng index was 0.23% higher. Japan\u2019s Nikkei 225 was 0.2% higher in afternoon trade, while the Topix index gained 0.1%. Over in South Korea, the Kospi traded fractionally higher. Australia\u2019s S&amp;P\/ASX 200 gained 0.1% as most sectors traded mixed.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.140 after slipping from levels above 97.5 last week. The euro rose to a three-month high of $1.1386 against the dollar on Monday as bearish bets on the greenback remained solid on prospects of a near-term interest rate cut by the Federal Reserve.<\/p>\n<p>Oil prices climbed as tensions remain high between Tehran and Washington following Iran&#8217;s shooting down of an unmanned American surveillance drone, with U.S. Secretary of State Mike Pompeo saying &#8220;significant&#8221; sanctions on Tehran would be announced.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, June 24, 2019<\/p>\n<ul>\n<li>09:00 AM GMT &#8211; (EUR) German Ifo Business Climate<\/li>\n<li>11:45 PM GMT &#8211; (NZD) Trade Balance<\/li>\n<\/ul>\n<p>Tuesday, June 25, 2019<\/p>\n<ul>\n<li>08:05 AM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/li>\n<li>All Day &#8211; (All) OPEC Meetings<\/li>\n<li>01:45 PM GMT &#8211; (USD) FOMC Member Williams Speaks<\/li>\n<li>03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/li>\n<li>03:00 PM GMT &#8211; (USD) Richmond Manufacturing Index<\/li>\n<li>06:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>11:30 PM GMT &#8211; (USD) FOMC Member Bullard Speaks<\/li>\n<\/ul>\n<p>Wednesday, June 26, 2019<\/p>\n<ul>\n<li>03:00 AM GMT &#8211; (NZD) Official Cash Rate<\/li>\n<li>03:00 AM GMT &#8211; (NZD) RBNZ Rate Statement<\/li>\n<li>10:15 AM GMT &#8211; (GBP) Inflation Report Hearings<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/li>\n<\/ul>\n<p>Thursday, June 27, 2019<\/p>\n<ul>\n<li>02:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/li>\n<li>All Day &#8211; (EUR) German Prelim CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Final GDP q\/q<\/li>\n<\/ul>\n<p>Friday, June 28, 2019<\/p>\n<ul>\n<li>Day 1 &#8211; (All) G20 Meetings<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Current Account<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Final GDP q\/q<\/li>\n<li>10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/li>\n<li>10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/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>03:30 PM GMT &#8211; (CAD) BOC Business Outlook Survey<\/li>\n<\/ul>\n<p>Saturday, June 29, 2019<\/p>\n<ul>\n<li>Day 2 &#8211; (All) G20 Meetings<\/li>\n<\/ul>\n<p>Sunday, June 30, 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><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 0.16%, Shanghai Composite down 0.02%, Hang Seng up 0.04%, ASX up 0.09% Commodities : Gold at $1407.25 (+0.51%), Silver at $15.33 (+0.27%), Brent Oil at $64.72 (+0.42%), WTI Oil at $57.85 (+0.73%) Rates : US 10-year yield at 2.049, UK 10-year yield at 0.850, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-24th-june-markets-flat-as-investors-look-forward-to-g20-outcomes\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 24th June: Markets flat as investors look forward to G20 outcomes<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":35148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-35147","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\/35147","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=35147"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35147\/revisions"}],"predecessor-version":[{"id":35150,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/35147\/revisions\/35150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/35148"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=35147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=35147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=35147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}