{"id":37041,"date":"2019-10-15T17:49:17","date_gmt":"2019-10-15T06:49:17","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37041"},"modified":"2019-10-15T17:49:17","modified_gmt":"2019-10-15T06:49:17","slug":"tuesday-15th-october-asian-stocks-mixed-on-account-of-faded-trade-optimism","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-15th-october-asian-stocks-mixed-on-account-of-faded-trade-optimism\/","title":{"rendered":"Tuesday 15th October: Asian stocks mixed on account of faded trade optimism"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 1.82%, Shanghai Composite down 0.39%, Hang Seng down 0.12%, ASX up 0.14%<\/li>\n<li>Commodities: Gold at $1495.65 (-0.13%), Silver at $17.66 (-0.27%), Brent Oil at $58.95 (-0.67%), WTI Oil at $53.27 (-0.60%)<\/li>\n<li>Rates : US 10-year yield at 1.698, UK 10-year yield at 0.640, Germany 10-year yield at -0.462<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(JPY) Revised Industrial Production m\/m -1.20% vs -1.20% expected<\/li>\n<li>(JPY) Tertiary Industry Activity m\/m 0.40% vs 0.60% expected<\/li>\n<li>(CNY) PPI y\/y -1.20% vs -1.20% expected<\/li>\n<li>(CNY) CPI y\/y 3.00% vs 2.90% expected<\/li>\n<li>(NZD) Visitor Arrivals m\/m 1.40% vs 1.40% previous<\/li>\n<li>(USD) Empire State Manufacturing Index 4 vs 1.1 expected<\/li>\n<li>(EUR) Industrial Production m\/m 0.40% vs 0.30% expected<\/li>\n<li>(EUR) German WPI m\/m -0.40% vs -0.20% expected<\/li>\n<li>(CNY) Trade Balance 275B vs 254B expected<\/li>\n<li>(CNY) USD-Denominated Trade Balance 39.7B vs 35.1B expected<\/li>\n<li>China&#8217;s pork crisis sends consumer inflation rising to the brink of Beijing&#8217;s limit, highest level<\/li>\n<li>Japan-US trade pact moves to parliamentary deliberations<\/li>\n<\/ul>\n<h3>Markets Update:<\/h3>\n<p>Asian markets were mixed in early trading Tuesday, as investors grew wary as they waited for more details about last week\u2019s agreement for a partial trade deal between the U.S. and China. Doubts emerged Monday amid reports that Chinese officials wanted more talks before signing the phase one deal.<\/p>\n<p>U.S. tariff hikes on about $160 billion in Chinese goods, scheduled to take effect in December, are apparently still on track, although tariff hikes on $250 billion of Chinese goods that were to take effect this week were postponed.<\/p>\n<p>Nikkei jumps 1.8% as traders returned from a holiday in a catch-up move to positive U.S.-China trade progress Friday, but stocks retreat in China. Hong Kong\u2019s Hang Seng Index was about flat, while the Shanghai Composite slipped 0.4%. Australia\u2019s S&amp;P\/ASX 200 inched up 0.14%.Investors are being kept on their toes as the U.S. and China try to hammer out a trade deal.<\/p>\n<p>In the currency markets the pound rose against the dollar and the euro, reflecting the cautious optimism about talks between Britain and the EU. The yen, often considered a safe haven in times of economic uncertainty, held steady at 108.33 versus the dollar. Yields on 10-year Treasury bonds fell more than four basis points to 1.698%.<\/p>\n<p>Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer&#8217;s energy demand growth. Brent crude fell 47 cents (0.67%), to $58.95 a barrel, while U.S. West Texas Intermediate (WTI) dropped 40 cents, or 0.6%, to $53.27. Gold prices inched up to $1495.65 on Tuesday in Asia on news of fresh troubles in Sino-U.S. trade talks.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>15th-17th GMT &#8211; (CNY) Foreign Direct Investment ytd\/y<\/li>\n<li>8:30 am GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>8:30 am GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/li>\n<li>8:30 am GMT &#8211; (GBP) Claimant Count Change<\/li>\n<li>8:30 am GMT &#8211; (GBP) Unemployment Rate<\/li>\n<li>9:00 am GMT &#8211; (EUR) German ZEW Economic Sentiment<\/li>\n<li>9:00 am GMT &#8211; (EUR) ZEW Economic Sentiment<\/li>\n<li>15th-16th GMT &#8211; (CNY) New Loans<\/li>\n<li>15th-16th GMT &#8211; (CNY) M2 Money Supply y\/y<\/li>\n<li>Tentative &#8211; (GBP) 10-y Bond Auction<\/li>\n<li>12:30 pm GMT &#8211; (GBP) MPC Member Vlieghe Speaks<\/li>\n<li>12:30 pm GMT &#8211; (USD) Empire State Manufacturing Index<\/li>\n<li>Tentative &#8211; (NZD) GDT Price Index<\/li>\n<li>4:45 pm GMT &#8211; (USD) FOMC Member George Speaks<\/li>\n<li>15th-18th GMT &#8211; (USD) Federal Budget Balance<\/li>\n<li>7:25 pm GMT &#8211; (USD) FOMC Member Bullard Speaks<\/li>\n<li>9:45 pm GMT &#8211; (NZD) CPI q\/q<\/li>\n<li>11:30 pm GMT &#8211; (AUD) MI Leading Index m\/m<\/li>\n<li>&amp;more&#8230;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.82%, Shanghai Composite down 0.39%, Hang Seng down 0.12%, ASX up 0.14% Commodities: Gold at $1495.65 (-0.13%), Silver at $17.66 (-0.27%), Brent Oil at $58.95 (-0.67%), WTI Oil at $53.27 (-0.60%) Rates : US 10-year yield at 1.698, UK 10-year yield at 0.640, Germany 10-year yield at &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-15th-october-asian-stocks-mixed-on-account-of-faded-trade-optimism\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 15th October: Asian stocks mixed on account of faded trade optimism<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":37042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-37041","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\/37041","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=37041"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37041\/revisions"}],"predecessor-version":[{"id":37043,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37041\/revisions\/37043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/37042"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}