{"id":36913,"date":"2019-10-07T18:12:47","date_gmt":"2019-10-07T07:12:47","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=36913"},"modified":"2019-10-07T18:12:47","modified_gmt":"2019-10-07T07:12:47","slug":"monday-7th-october-asian-shares-mixed-on-monday-following-healthy-us-job-report-amid-caution-on-trade-front","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-7th-october-asian-shares-mixed-on-monday-following-healthy-us-job-report-amid-caution-on-trade-front\/","title":{"rendered":"Monday 7th October: Asian shares mixed on Monday, following healthy US job report amid caution on trade front"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.16%, Shanghai Composite down 0.92%, Hang Seng down 1.11%, ASX up 0.71%<\/li>\n<li>Commodities: Gold at $1511.45 (-0.10%), Silver at $17.60 (-0.15%), Brent Oil at $58.38 (+0.02%), WTI Oil at $52.87 (+0.11%)<\/li>\n<li>Rates : US 10-year yield at 1.522, UK 10-year yield at 0.440, Germany 10-year yield at -0.591<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CAD) Ivey PMI 48.7 vs 62.6 expected<\/li>\n<li>(USD) Trade Balance -54.9B vs -54.7B expected<\/li>\n<li>(USD) Unemployment Rate 3.50% vs 3.70% expected<\/li>\n<li>(USD) Non-Farm Employment Change 136K vs 145K expected<\/li>\n<li>(USD) Average Hourly Earnings m\/m 0.00% vs 0.30% expected<\/li>\n<li>(CAD) Trade Balance -1.0B vs -1.1B expected<\/li>\n<li>(GBP) Housing Equity Withdrawal q\/q -6.9B vs -6.5B expected<\/li>\n<li>(EUR) French Gov Budget Balance -123.1B vs -109.7B previous<\/li>\n<li>(AUD) Retail Sales m\/m 0.40% vs 0.50% expected<\/li>\n<li>(AUD) HIA New Home Sales m\/m 7.30% vs -7.20% previous<\/li>\n<li>(AUD) AIG Construction Index 42.6 vs 44.6 previous<\/li>\n<li>(JPY) Leading Indicators 91.70% vs 91.80% expected<\/li>\n<li>(EUR) German Factory Orders m\/m -0.60% vs -0.40% expected<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR short 66K vs 61K short last week. Shorts increased by 5K<\/li>\n<li>GBP short 77K vs 81K short last week. Shorts trimmed by 4K<\/li>\n<li>JPY long 14K vs 13K long last week. Longs trimmed by 1kK<\/li>\n<li>CHF short 12k vs 11k short last week. Shorts increased by 1K<\/li>\n<li>AUD short 52k vs 47k short last week. Shorts increased by 5K<\/li>\n<li>NZD short 42K vs 45K short last week. Shorts trimmed by 3K<\/li>\n<li>CAD long 6K vs 5K long last week. Longs increased by 1K.<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian shares edged higher on Monday and then fell after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world\u2019s largest economy. Asian shares were cheered by U.S. jobs data on one hand but traders fear trade talks on the other hand.<\/p>\n<p>Sentiment toward the U.S. economy deteriorated sharply much of last week after disappointing data on manufacturing and services suggested the trade war was taking a toll, and more rate cuts would be needed to avert a potential recession in the world\u2019s biggest economy. But a modest September increase in U.S. jobs, announced on Friday, eased some of these concerns and lifted U.S. markets.<\/p>\n<p>MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan rose 0.16%. Australian shares were up 0.71%. Japan&#8217;s Nikkei stock index opened higher but reversed course and fell 0.16%. Political instability in Hong Kong could hurt market sentiment after China\u2019s army took the unusual step of issuing warnings to anti-government protesters in Hong Kong over the weekend. Hong Kong\u2019s stock market is closed on Monday for a public holiday. Trading will resume on Tuesday. Chinese stocks are also trading 0.92% lower.<\/p>\n<p>The yield on benchmark 10-year Treasury notes rose to 1.522% on Monday compared with its U.S. close of 1.5140% on Friday. Spot gold, an asset often bought during times of uncertainty, fell 0.1% to $1,511.45 per ounce. The yen, also considered a safe-haven asset, edged slightly higher to 106.85 versus the U.S. dollar. U.S. crude was flat at $52.81 a barrel. Brent crude fell 0.02% to $58.38 per barrel. In addition to worries about the global economy, signs of oversupply in the oil market are weighing on futures prices.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, October 07, 2019<\/p>\n<ul>\n<li>All Day &#8211; (CNY) Bank Holiday<\/li>\n<li>5:00 am GMT &#8211; (JPY) Leading Indicators<\/li>\n<li>6:00 am GMT &#8211; (EUR) German Factory Orders m\/m<\/li>\n<li>7:00 am GMT &#8211; (CHF) Foreign Currency Reserves<\/li>\n<li>7:30 am GMT &#8211; (GBP) Halifax HPI m\/m<\/li>\n<li>8:30 am GMT &#8211; (EUR) Sentix Investor Confidence<\/li>\n<li>5:00 pm GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>7:00 pm GMT &#8211; (USD) Consumer Credit m\/m<\/li>\n<li>11:01 pm GMT &#8211; (GBP) BRC Retail Sales Monitor y\/y<\/li>\n<li>11:30 pm GMT &#8211; (JPY) Average Cash Earnings y\/y<\/li>\n<li>11:30 pm GMT &#8211; (JPY) Household Spending y\/y<\/li>\n<li>11:50 pm GMT &#8211; (JPY) Current Account<\/li>\n<\/ul>\n<p>Tuesday, October 08, 2019<\/p>\n<ul>\n<li>12:30 am GMT &#8211; (AUD) NAB Business Confidence<\/li>\n<li>12:30 am GMT &#8211; (AUD) ANZ Job Advertisements m\/m<\/li>\n<li>1:45 am GMT &#8211; (CNY) Caixin Services PMI<\/li>\n<li>4:10 am GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>5:00 am GMT &#8211; (JPY) Economy Watchers Sentiment<\/li>\n<li>5:45 am GMT &#8211; (CHF) Unemployment Rate<\/li>\n<li>6:00 am GMT &#8211; (EUR) German Industrial Production m\/m<\/li>\n<li>6:45 am GMT &#8211; (EUR) French Trade Balance<\/li>\n<li>8:00 am GMT &#8211; (EUR) Italian Retail Sales m\/m<\/li>\n<li>8:20 am GMT &#8211; (GBP) MPC Member Haldane Speaks<\/li>\n<li>9:30 am GMT &#8211; (GBP) MPC Member Tenreyro Speaks<\/li>\n<li>10:00 am GMT &#8211; (USD) NFIB Small Business Index<\/li>\n<li>12:15 pm GMT &#8211; (CAD) Housing Starts<\/li>\n<li>12:30 pm GMT &#8211; (CAD) Building Permits m\/m<\/li>\n<li>12:30 pm GMT &#8211; (USD) Core PPI m\/m<\/li>\n<li>12:30 pm GMT &#8211; (USD) PPI m\/m<\/li>\n<li>Tentative &#8211; (USD) IBD\/TIPP Economic Optimism<\/li>\n<li>5:35 pm GMT &#8211; (USD) FOMC Member Evans Speaks<\/li>\n<li>5:50 pm GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>11:30 pm GMT &#8211; (AUD) Westpac Consumer Sentiment<\/li>\n<\/ul>\n<p>Wednesday, October 09, 2019<\/p>\n<ul>\n<li>6:00 am GMT &#8211; (JPY) Prelim Machine Tool Orders y\/y<\/li>\n<li>8:30 am GMT &#8211; (GBP) FPC Statement<\/li>\n<li>All Day &#8211; (EUR) Eurogroup Meetings<\/li>\n<li>2:00 pm GMT &#8211; (USD) Final Wholesale Inventories m\/m<\/li>\n<li>2:00 pm GMT &#8211; (USD) JOLTS Job Openings<\/li>\n<li>2:30 pm GMT &#8211; (USD) Crude Oil Inventories<\/li>\n<li>3:00 pm GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<li>3:00 pm GMT &#8211; (USD) FOMC Member George Speaks<\/li>\n<li>5:01 pm GMT &#8211; (USD) 10-y Bond Auction<\/li>\n<li>6:00 pm GMT &#8211; (USD) FOMC Meeting Minutes<\/li>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/li>\n<li>9:45 pm GMT &#8211; (NZD) FPI m\/m<\/li>\n<li>11:01 pm GMT &#8211; (GBP) RICS House Price Balance<\/li>\n<li>11:50 pm GMT &#8211; (JPY) Bank Lending y\/y<\/li>\n<li>11:50 pm GMT &#8211; (JPY) Core Machinery Orders m\/m<\/li>\n<li>11:50 pm GMT &#8211; (JPY) PPI y\/y<\/li>\n<\/ul>\n<p>Thursday, October 10, 2019<\/p>\n<ul>\n<li>12:30 am GMT &#8211; (AUD) Home Loans m\/m<\/li>\n<li>1:00 am GMT &#8211; (AUD) MI Inflation Expectations<\/li>\n<li>3:35 am GMT &#8211; (JPY) 30-y Bond Auction<\/li>\n<li>6:00 am GMT &#8211; (EUR) German Trade Balance<\/li>\n<li>6:45 am GMT &#8211; (EUR) French Industrial Production m\/m<\/li>\n<li>8:00 am GMT &#8211; (EUR) Italian Industrial Production m\/m<\/li>\n<li>8:30 am GMT &#8211; (GBP) GDP m\/m<\/li>\n<li>8:30 am GMT &#8211; (GBP) Manufacturing Production m\/m<\/li>\n<li>8:30 am GMT &#8211; (GBP) Construction Output m\/m<\/li>\n<li>8:30 am GMT &#8211; (GBP) Goods Trade Balance<\/li>\n<li>8:30 am GMT &#8211; (GBP) Index of Services 3m\/3m<\/li>\n<li>8:30 am GMT &#8211; (GBP) Industrial Production m\/m<\/li>\n<li>10th-14th GMT &#8211; (CNY) New Loans<\/li>\n<li>10th-14th GMT &#8211; (CNY) M2 Money Supply y\/y<\/li>\n<li>9:20 am GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>11:30 am GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/li>\n<li>12:30 pm GMT &#8211; (CAD) NHPI m\/m<\/li>\n<li>12:30 pm GMT &#8211; (USD) CPI m\/m<\/li>\n<li>12:30 pm GMT &#8211; (USD) Core CPI m\/m<\/li>\n<li>12:30 pm GMT &#8211; (USD) Unemployment Claims<\/li>\n<li>Tentative &#8211; (GBP) NIESR GDP Estimate<\/li>\n<li>2:30 pm GMT &#8211; (USD) Natural Gas Storage<\/li>\n<li>5:01 pm GMT &#8211; (USD) 30-y Bond Auction<\/li>\n<li>9:30 pm GMT &#8211; (NZD) Business NZ Manufacturing Index<\/li>\n<li>11:50 pm GMT &#8211; (JPY) M2 Money Stock y\/y<\/li>\n<\/ul>\n<p>Friday, October 11, 2019<\/p>\n<ul>\n<li>6:00 am GMT &#8211; (EUR) German Final CPI m\/m<\/li>\n<li>12th-17th GMT &#8211; (CNY) Foreign Direct Investment ytd\/y<\/li>\n<li>Tentative &#8211; (All) OPEC-JMMC Meetings<\/li>\n<li>All Day &#8211; (EUR) ECOFIN Meetings<\/li>\n<li>12:30 pm GMT &#8211; (CAD) Employment Change<\/li>\n<li>12:30 pm GMT &#8211; (CAD) Unemployment Rate<\/li>\n<li>12:30 pm GMT &#8211; (USD) Import Prices m\/m<\/li>\n<li>2:00 pm GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/li>\n<li>2:00 pm GMT &#8211; (USD) Prelim UoM Inflation Expectations<\/li>\n<li>5:15 pm GMT &#8211; (USD) FOMC Member Rosengren 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 down 0.16%, Shanghai Composite down 0.92%, Hang Seng down 1.11%, ASX up 0.71% Commodities: Gold at $1511.45 (-0.10%), Silver at $17.60 (-0.15%), Brent Oil at $58.38 (+0.02%), WTI Oil at $52.87 (+0.11%) Rates : US 10-year yield at 1.522, UK 10-year yield at 0.440, Germany 10-year yield at &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-7th-october-asian-shares-mixed-on-monday-following-healthy-us-job-report-amid-caution-on-trade-front\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 7th October: Asian shares mixed on Monday, following healthy US job report amid caution on trade front<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":36914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-36913","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\/36913","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=36913"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/36913\/revisions"}],"predecessor-version":[{"id":36915,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/36913\/revisions\/36915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/36914"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=36913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=36913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=36913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}