{"id":38114,"date":"2019-12-16T18:15:11","date_gmt":"2019-12-16T07:15:11","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=38114"},"modified":"2019-12-16T18:15:11","modified_gmt":"2019-12-16T07:15:11","slug":"monday-16th-december-investors-shrug-off-chinese-industrial-production-data-trade-deal","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-16th-december-investors-shrug-off-chinese-industrial-production-data-trade-deal\/","title":{"rendered":"Monday 16th December: Investors shrug off Chinese Industrial Production data, Trade Deal"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite up 0.56%, Hang Seng down 0.28%, ASX up 1.63%<\/li>\n<li>Commodities : Gold at $1481.10 (-0.01%), Silver at $17.08 (+0.39%), Brent Oil at $65.08 (-0.21%), WTI Oil at $59.84 (-0.23%)<\/li>\n<li>Rates : US 10-year yield at 1.835, UK 10-year yield at 0.785, Germany 10-year yield at -0.287<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CNY) Industrial Production y\/y 6.20% vs 5.10% expected<\/li>\n<li>(CNY) Fixed Asset Investment ytd\/y 5.20% vs 5.20% expected<\/li>\n<li>(USD) Retail Sales m\/m 0.20% vs 0.50% expected<\/li>\n<li>(USD) Core Retail Sales m\/m 0.10% vs 0.40% expected<\/li>\n<li>China Injects $2Billion Into Banking System as Loans Mature<\/li>\n<li>Australia\u2019s Finance Minister: No Need for More Fiscal Stimulus<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR short 68K vs 69K short last week. Shorts trimmed by 1K<\/li>\n<li>GBP short 23K vs 30K short last week. Shorts trimmed by 7K<\/li>\n<li>JPY short 44K vs 48K short last week. Shorts trimmed by 4k<\/li>\n<li>CHF short 21K vs 22K short last week. Shorts trimmed by 1K<\/li>\n<li>AUD short 37k vs 36K short last week. Shorts increased by 1K<\/li>\n<li>NZD short 25K vs 27K short last week. Shorts trimmed by 2K<\/li>\n<li>CAD long 21k vs 21K long last week. No change.<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mixed lower on Monday despite the U.S. and China announcing on Friday that they have reached a phase one trade deal. Investors are cautious as they awaited further details of the partial trade pact and shrugged off data that showed China&#8217;s industrial production as well as retail sales rose more than expected in November.<\/p>\n<p>U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal is &#8220;totally done&#8221; and will nearly double U.S. exports to China over the next two years.<\/p>\n<p>Japan\u2019s Nikkei 225 edged down 0.3% after a strong rally on Friday, and the Topix index was down 0.2%. Autos fell, reversing gains they made last week on the back of Brexit optimism. In South Korea, the Kospi was flat. Australia\u2019s S&amp;P\/ASX 200 jumped 1.63%, led by banks and major miners. The Shanghai composite rose 0.6%, as the Shenzhen component jumped over 1.5%. Hong Kong\u2019s Hang Seng index, however, was down 0.3%.<\/p>\n<p>U.S. Treasury yields moved higher on Monday, reflecting a more positive mood. Benchmark 10-year Treasury notes rose to 1.835% compared with their U.S. close of 1.821% on Friday. The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.12% at 97.053.<\/p>\n<p>Oil prices, which had risen on Friday following the deal, cooled in early Asian trade on Monday.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, December 16, 2019<\/p>\n<ul>\n<li>02:00 AM GMT &#8211; (CNY) Fixed Asset Investment ytd\/y<\/li>\n<li>02:00 AM GMT &#8211; (CNY) Industrial Production y\/y<\/li>\n<li>08:15 AM GMT &#8211; (EUR) French Flash Services PMI<\/li>\n<li>08:15 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/li>\n<li>08:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/li>\n<li>08:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/li>\n<li>09:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/li>\n<li>09:00 AM GMT &#8211; (EUR) Flash Services PMI<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Flash Manufacturing PMI<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Flash Services PMI<\/li>\n<li>02:45 PM GMT &#8211; (USD) Flash Manufacturing PMI<\/li>\n<li>04:00 PM GMT &#8211; (GBP) Bank Stress Test Results<\/li>\n<li>04:00 PM GMT &#8211; (GBP) BOE Financial Stability Report<\/li>\n<\/ul>\n<p>Tuesday, December 17, 2019<\/p>\n<ul>\n<li>12:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/li>\n<li>12:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Building Permits<\/li>\n<\/ul>\n<p>Wednesday, December 18, 2019<\/p>\n<ul>\n<li>08:30 AM GMT &#8211; (EUR) ECB President Lagarde Speaks<\/li>\n<li>09:00 AM GMT &#8211; (EUR) German Ifo Business Climate<\/li>\n<li>09:30 AM GMT &#8211; (GBP) CPI y\/y<\/li>\n<li>09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/li>\n<li>03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/li>\n<li>09:45 PM GMT &#8211; (NZD) GDP q\/q<\/li>\n<\/ul>\n<p>Thursday, December 19, 2019<\/p>\n<ul>\n<li>12:30 AM GMT &#8211; (AUD) Employment Change<\/li>\n<li>12:30 AM GMT &#8211; (AUD) Unemployment Rate<\/li>\n<li>Tentative &#8211; (JPY) Monetary Policy Statement<\/li>\n<li>Tentative &#8211; (JPY) BOJ Press Conference<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Retail Sales m\/m<\/li>\n<li>12:00 PM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Monetary Policy Summary<\/li>\n<li>12:00 PM GMT &#8211; (GBP) Official Bank Rate<\/li>\n<li>01:30 PM GMT &#8211; (USD) Philly Fed Manufacturing Index<\/li>\n<\/ul>\n<p>Friday, December 20, 2019<\/p>\n<ul>\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>11:00 AM GMT &#8211; (GBP) MPC Member Haskel Speaks<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Core Retail Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) Retail Sales m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Final GDP q\/q<\/li>\n<li>03:00 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/li>\n<li>03:00 PM GMT &#8211; (USD) Personal Spending m\/m<\/li>\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 down 0.29%, Shanghai Composite up 0.56%, Hang Seng down 0.28%, ASX up 1.63% Commodities : Gold at $1481.10 (-0.01%), Silver at $17.08 (+0.39%), Brent Oil at $65.08 (-0.21%), WTI Oil at $59.84 (-0.23%) Rates : US 10-year yield at 1.835, UK 10-year yield at 0.785, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-16th-december-investors-shrug-off-chinese-industrial-production-data-trade-deal\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 16th December: Investors shrug off Chinese Industrial Production data, Trade Deal<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":38115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-38114","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\/38114","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=38114"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38114\/revisions"}],"predecessor-version":[{"id":38116,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38114\/revisions\/38116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/38115"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=38114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=38114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=38114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}