{"id":37958,"date":"2019-12-05T19:31:44","date_gmt":"2019-12-05T08:31:44","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37958"},"modified":"2019-12-05T19:31:44","modified_gmt":"2019-12-05T08:31:44","slug":"thursday-5th-december-markets-return-to-their-happy-place-on-trumps-mixed-signals","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-5th-december-markets-return-to-their-happy-place-on-trumps-mixed-signals\/","title":{"rendered":"Thursday 5th December:  Markets return to their happy place on Trump&#8217;s mixed signals"},"content":{"rendered":"<h3>Global Markets:<\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.71%, Shanghai Composite up 0.75%, Hang Seng up 0.36%, ASX up 1.16%<\/li>\n<li>Commodities : Gold at $1482.65 (+0.17%), Silver at $16.97 (+0.34%), Brent Oil at $62.88 (-0.19%), WTI Oil at $58.26 (-0.29%)<\/li>\n<li>Rates : US 10-year yield at 1.764, UK 10-year yield at 0.739, Germany 10-year yield at -0.324<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) Trade Balance 4.50B vs 6.50B expected<\/li>\n<li>(AUD) Retail Sales m\/m 0.00% vs 0.30% expected<\/li>\n<li>(USD) Crude Oil Inventories -4.9M vs -1.6M expected<\/li>\n<li>(USD) ISM Non-Manufacturing PMI 53.9 vs 54.5 expected<\/li>\n<li>(CAD) Overnight Rate 1.75% vs 1.75% expected<\/li>\n<li>(USD) ADP Non-Farm Employment Change 67K vs 137K expected<\/li>\n<li>(GBP) Final Services PMI 49.3 vs 48.6 expected<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are in positive territory on Thursday amid renewed optimism about a U.S.-China trade deal. Citing people familiar with the talks, Bloomberg reported that U.S. negotiators expect a phase one deal to be completed before U.S. tariffs against China are set to rise on December 15.<\/p>\n<p>The Australian market is rebounding after two days of steep losses following the positive cues overnight from Wall Street amid renewed optimism about a U.S.-China trade deal. Tech and mining stocks are among the major gainers.<\/p>\n<p>Mainland Chinese stocks edged higher by the afternoon, with the Shanghai composite up 0.7% and the Shenzhen component gaining 0.9%.In Japan, the Nikkei 225 gained 0.7% in afternoon trade as shares of index heavyweight and robot maker Fanuc jumped more than 2%.<\/p>\n<p>The Topix index added 0.5%. Meanwhile, shares in Australia also advanced after leading losses among regional markets on Wednesday, with the S&amp;P\/ASX 200 gaining 1.2%. On the economic front, the Reserve Bank of India kept the repo rate unchanged at 5.15%<\/p>\n<p>The yield on benchmark 10-year Treasury notes\u00a0 fell slightly to 1.7603% in Asia, retracing some of the gains made in the previous session. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.549 after seeing highs above 97.7 yesterday. Oil prices dipped in the afternoon of Asian trading hours.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>07:00 AM GMT &#8211; (EUR) German Factory Orders m\/m<\/li>\n<li>All Day &#8211; (All) OPEC Meetings<\/li>\n<li>10:00 AM GMT &#8211; (EUR) Final Employment Change q\/q<\/li>\n<li>10:00 AM GMT &#8211; (EUR) Retail Sales m\/m<\/li>\n<li>10:00 AM GMT &#8211; (EUR) Revised GDP q\/q<\/li>\n<li>Tentative &#8211; (EUR) Spanish 10-y Bond Auction<\/li>\n<li>All Day &#8211; (EUR) ECOFIN Meetings<\/li>\n<li>Tentative &#8211; (EUR) French 10-y Bond Auction<\/li>\n<li>12:30 PM GMT &#8211; (USD) Challenger Job Cuts y\/y<\/li>\n<li>12:45 PM GMT &#8211; (CAD) Gov Council Member Lane Speaks<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Trade Balance<\/li>\n<li>01:30 PM GMT &#8211; (USD) Trade Balance<\/li>\n<li>01:30 PM GMT &#8211; (USD) Unemployment Claims<\/li>\n<li>03:00 PM GMT &#8211; (CAD) Ivey PMI<\/li>\n<li>03:00 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/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 0.71%, Shanghai Composite up 0.75%, Hang Seng up 0.36%, ASX up 1.16% Commodities : Gold at $1482.65 (+0.17%), Silver at $16.97 (+0.34%), Brent Oil at $62.88 (-0.19%), WTI Oil at $58.26 (-0.29%) Rates : US 10-year yield at 1.764, UK 10-year yield at 0.739, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-5th-december-markets-return-to-their-happy-place-on-trumps-mixed-signals\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th December:  Markets return to their happy place on Trump&#8217;s mixed signals<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":37963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-37958","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\/37958","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=37958"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37958\/revisions"}],"predecessor-version":[{"id":37964,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37958\/revisions\/37964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/37963"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}