{"id":38217,"date":"2019-12-20T18:14:13","date_gmt":"2019-12-20T07:14:13","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=38217"},"modified":"2019-12-20T18:14:13","modified_gmt":"2019-12-20T07:14:13","slug":"friday-20th-december-asian-markets-mixed-amid-thin-christmas-volumes","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-20th-december-asian-markets-mixed-amid-thin-christmas-volumes\/","title":{"rendered":"Friday 20th December: Asian markets mixed amid thin Christmas volumes"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.20%, Shanghai Composite down 0.42%, Hang Seng up 0.10%, ASX down 0.25%<\/li>\n<li>Commodities : Gold at $1482.90 (-0.10%), Silver at $17.13 (-0.17%), Brent Oil at $66.58 (+0.06%), WTI Oil at $61.09 (-0.15%)<\/li>\n<li>Rates : US 10-year yield at 1.922, UK 10-year yield at 0.800, Germany 10-year yield at -0.237<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Philly Fed Manufacturing Index 0.3 vs 8.1 expected<\/li>\n<li>(GBP) Official Bank Rate 0.75% vs 0.75% expected<\/li>\n<li>(GBP) MPC Official Bank Rate Votes 0-2-7 vs 0-2-7 expected<\/li>\n<li>(GBP) Retail Sales m\/m -0.60% vs 0.30% expected<\/li>\n<li>Japan Nov CPI Picks Up But BOJ Caution On Outlook<\/li>\n<li>China Five Year Loan Prime Rate Unchanged At 4.80%<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stocks were trading mixed on Friday but held near 18-month highs in thin pre-Christmas trading. Investor sentiment got a boot after U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January.<\/p>\n<p>Mnuchin said the agreement had already been put down on paper and translated, and it would not be subject to renegotiation. Meanwhile, the U.S. Senate has passed a $1.4-trillion spending package that will fund the government through the end of the fiscal year and prevent a possible government shutdown this weekend.<\/p>\n<p>Japan\u2019s Nikkei 225 and Topix indices edged down 0.2%. The country\u2019s core consumer inflation rose 0.5% in November from a year earlier, according to government data on Friday \u2014 still far from its elusive 2% target. Mainland Chinese stocks traded lower in the afternoon.<\/p>\n<p>The Shanghai composite was lower by 0.4%, while the Shenzhen component was down 0.6%. Hong Kong\u2019s Hang Seng index was higher, rising 0.1%. In South Korea, the Kospi went into positive territory, rising 0.4%. Australia\u2019s S&amp;P\/ASX 200 fell 0.3% in the afternoon.<\/p>\n<p>It was mostly quiet in currencies, though sterling was nursing a grudge after suffering a vicious reversal that left it facing its worst weekly fall since late 2017 at 2.4%. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.428, retreating from a high of 97.486 earlier.<\/p>\n<p>Oil prices didn\u2019t budge much during the morning of Asian trading hours. U.S. crude fell marginally 0.15% to $61.09 , while Brent crude was largely flat to $66.58 per barrel.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\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>02:30 PM GMT &#8211; (GBP) Parliament Brexit Vote<\/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 0.20%, Shanghai Composite down 0.42%, Hang Seng up 0.10%, ASX down 0.25% Commodities : Gold at $1482.90 (-0.10%), Silver at $17.13 (-0.17%), Brent Oil at $66.58 (+0.06%), WTI Oil at $61.09 (-0.15%) Rates : US 10-year yield at 1.922, UK 10-year yield at 0.800, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-20th-december-asian-markets-mixed-amid-thin-christmas-volumes\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 20th December: Asian markets mixed amid thin Christmas volumes<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":38218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-38217","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\/38217","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=38217"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38217\/revisions"}],"predecessor-version":[{"id":38219,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/38217\/revisions\/38219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/38218"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=38217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=38217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=38217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}