{"id":38021,"date":"2019-12-09T18:12:00","date_gmt":"2019-12-09T07:12:00","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=38021"},"modified":"2019-12-09T18:12:51","modified_gmt":"2019-12-09T07:12:51","slug":"monday-9th-december-asian-markets-flatline-on-mixed-news","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-9th-december-asian-markets-flatline-on-mixed-news\/","title":{"rendered":"Monday 9th December: Asian markets flatline on mixed news"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.33%, Shanghai Composite up 0.04%, Hang Seng down 0.05%, ASX up 0.34%<\/li>\n<li>Commodities : Gold at $1465.75 (+0.04%), Silver at $16.64 (+0.25%), Brent Oil at $64.22 (-0.26%), WTI Oil at $58.94 (-0.44%)<\/li>\n<li>Rates : US 10-year yield at 1.831, UK 10-year yield at 0.765, Germany 10-year yield at -0.289<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CNY) Trade Balance 274B vs 300B expected<\/li>\n<li>(CNY) USD-Denominated Trade Balance 38.7B vs 44.5B expected<\/li>\n<li>(USD) Prelim UoM Consumer Sentiment 99.2 vs 97 expected<\/li>\n<li>(USD) Unemployment Rate 3.50% vs 3.60% expected<\/li>\n<li>(USD) Non-Farm Employment Change 266K vs 181K expected<\/li>\n<li>(USD) Average Hourly Earnings m\/m 0.20% vs 0.30% expected<\/li>\n<li>(CAD) Unemployment Rate 5.90% vs 5.50% expected<\/li>\n<li>(CAD) Employment Change -71.2K vs 10.0K expected<\/li>\n<li>Japan service sector sentiment improves slightly in November: government<\/li>\n<li>RBA and Government likely to lower their growth forecasts in wake of GDP report<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data:<\/strong><\/h3>\n<ul>\n<li>EUR short 69K vs 61K short last week. Shorts increased by 8K<\/li>\n<li>GBP short 30K vs 37K short last week. Shorts trimmed by 7K<\/li>\n<li>JPY short 48K vs 40K short last week. Shorts increased by 8k<\/li>\n<li>CHF short 22K vs 21K short last week. Shorts increased by 1K<\/li>\n<li>AUD short 36k vs 45K short last week. Shorts trimmed by 9K<\/li>\n<li>NZD short 27K vs 36K short last week. Shorts trimmed by 9K<\/li>\n<li>CAD long 21k vs 20K long last week. Longs increased by 1K.<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Monday with modest gains following the positive cues from Wall Street Friday after the U.S. Labor Department&#8217;s closely-watched monthly jobs report showed much stronger than expected job growth in the month of November. Some of the markets in the region pared initial gains after data showed China&#8217;s exports declined in November for the fourth consecutive month. Doubts about whether a U.S.-China trade deal will be reached before additional tariffs on Chinese imports come into effect on December 15 also weighed on sentiment.<\/p>\n<p>The Nikkei 225 in Japan rose 0.3% as shares of index heavyweight and conglomerate Softbank Group gained more than 1% while the Topix index gained 0.4%. Mainland Chinese stocks were little changed by the afternoon, with the Shanghai composite, Shenzhen component and Shenzhen composite all hovering around the flatline.<\/p>\n<p>Hong Kong\u2019s Hang Seng index was largely flat, as protests in the city crossed a 6-month milestone. Demonstrators have been locked in a stalemate with the city\u2019s embattled local government since early June. Shares in Australia also gained, with the S&amp;P\/ASX 200 up by 0.3%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.711 after falling from levels above 98.1 last week. U.S. Treasury yields climbed on the strong employment report, with benchmark 10-year notes rising to 1.831%.<\/p>\n<p>Sterling has been bolstered by expectations that Prime Minister Boris Johnson&#8217;s Conservative Party will win an outright majority in the upcoming election on Thursday, thereby ending a hung parliament and political paralysis on Brexit.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, December 09, 2019<\/p>\n<ul>\n<li>10:05 PM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/li>\n<\/ul>\n<p>Tuesday, December 10, 2019<\/p>\n<ul>\n<li>12:30 AM GMT &#8211; (AUD) HPI q\/q<\/li>\n<li>12:30 AM GMT &#8211; (AUD) NAB Business Confidence<\/li>\n<li>01:30 AM GMT &#8211; (CNY) CPI y\/y<\/li>\n<li>02:45 AM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/li>\n<li>09:30 AM GMT &#8211; (GBP) GDP m\/m<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/li>\n<li>10:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/li>\n<li>06:01 PM GMT &#8211; (USD) 10-y Bond Auction<\/li>\n<li>11:30 PM GMT &#8211; (AUD) Westpac Consumer Sentiment<\/li>\n<\/ul>\n<p>Wednesday, December 11, 2019<\/p>\n<ul>\n<li>01:30 AM GMT &#8211; (CNY) New Loans<\/li>\n<li>01:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/li>\n<li>03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Economic Projections<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Statement<\/li>\n<li>07:00 PM GMT &#8211; (USD) Federal Funds Rate<\/li>\n<li>07:30 PM GMT &#8211; (USD) FOMC Press Conference<\/li>\n<\/ul>\n<p>Thursday, December 12, 2019<\/p>\n<ul>\n<li>08:30 AM GMT &#8211; (CHF) SNB Monetary Policy Assessment<\/li>\n<li>08:30 AM GMT &#8211; (CHF) SNB Policy Rate<\/li>\n<li>All Day &#8211; (GBP) Parliamentary Elections<\/li>\n<li>09:00 AM GMT &#8211; (CHF) SNB Press Conference<\/li>\n<li>12:45 PM GMT &#8211; (EUR) Main Refinancing Rate<\/li>\n<li>12:45 PM GMT &#8211; (EUR) Monetary Policy Statement<\/li>\n<li>01:30 PM GMT &#8211; (EUR) ECB Press Conference<\/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>05:30 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/li>\n<li>09:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/li>\n<\/ul>\n<p>Friday, December 13, 2019<\/p>\n<ul>\n<li>01:30 PM GMT &#8211; (USD) Core Retail Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Retail Sales m\/m<\/li>\n<\/ul>\n<p>Saturday, December 14, 2019<\/p>\n<ul>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/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 0.33%, Shanghai Composite up 0.04%, Hang Seng down 0.05%, ASX up 0.34% Commodities : Gold at $1465.75 (+0.04%), Silver at $16.64 (+0.25%), Brent Oil at $64.22 (-0.26%), WTI Oil at $58.94 (-0.44%) Rates : US 10-year yield at 1.831, UK 10-year yield at 0.765, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-9th-december-asian-markets-flatline-on-mixed-news\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 9th December: Asian markets flatline on mixed news<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":38022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-38021","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\/38021","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=38021"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38021\/revisions"}],"predecessor-version":[{"id":38024,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38021\/revisions\/38024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/38022"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=38021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=38021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=38021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}