{"id":39075,"date":"2020-02-11T18:29:43","date_gmt":"2020-02-11T07:29:43","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=39075"},"modified":"2020-02-11T18:29:43","modified_gmt":"2020-02-11T07:29:43","slug":"tuesday-11th-february-asian-markets-higher-on-wall-street-cues","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-11th-february-asian-markets-higher-on-wall-street-cues\/","title":{"rendered":"Tuesday 11th February: Asian markets higher on Wall Street cues"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Shanghai Composite up 0.39%, Hang Seng up 1.34%, ASX up 0.61%<\/li>\n<li>Commodities : Gold at $1570.15 (-0.59%), Silver at $17.77 (-0.10%), Brent Oil at $53.92 (+1.22%), WTI Oil at $50.11 (+1.09%)<\/li>\n<li>Rates : US 10-year yield at 1.549, UK 10-year yield at 0.553, Germany 10-year yield at -0.398<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CAD) Building Permits m\/m 7.40% vs 3.50% expected<\/li>\n<li>(CAD) Housing Starts 213K vs 200K expected<\/li>\n<li>(EUR) Sentix Investor Confidence 5.2 vs 6.1 expected<\/li>\n<li>(EUR) Italian Industrial Production m\/m -2.70% vs 0.00% previous<\/li>\n<li>(CHF) CPI m\/m -0.20% vs -0.20% expected<\/li>\n<li>China: Coronavirus could trim 1% from GDP growth: government researcher<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are in positive territory on Tuesday, rebounding from the previous session&#8217;s losses, following the overnight gains on Wall Street and on hopes for more stimulus measures by China to offset the economic impact of the deadly coronavirus outbreak.<\/p>\n<p>Investors also seemed reassured by Chinese President Xi Jinping&#8217;s pledge to win the fight against the coronavirus outbreak. The Japanese market is closed for a holiday.<\/p>\n<p>Hong Kong\u2019s Hang Seng index was among the biggest winners among major markets regionally as it surged 1.3% by the afternoon, with shares of Chinese tech giant Tencent jumping 1.7%. Shares of automobile firm Geely soared more than 6% after the company announced it was in talks to strengthen ties with Volvo.<\/p>\n<p>Mainland Chinese stocks remained mixed by the afternoon, with the Shanghai composite up 0.4% and the Shenzhen component recovering from its earlier slip to gain 0.2%.The S&amp;P\/ASX 200 in Australia traded 0.6% higher as majority of the sectors saw gains.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.851 after seeing an earlier high of 98.877. Risk aversion initially helped lift gold to its highest for a week, only for the strength of the dollar to pull it back 0.25%.<\/p>\n<p>Oil prices bounced a little after weeks of selling, as traders waited to see how demand in China might fare and whether OPEC could agree to trim supplies.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) Prelim GDP q\/q<\/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>02:00 PM GMT &#8211; (EUR) ECB President Lagarde Speaks<\/li>\n<li>03:00 PM GMT &#8211; (USD) Fed Chair Powell Testifies<\/li>\n<li>03:35 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/li>\n<li>05:00 PM GMT &#8211; (GBP) MPC Member Haskel Speaks<\/li>\n<li>07:15 PM GMT &#8211; (USD) FOMC Member Kashkari Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Shanghai Composite up 0.39%, Hang Seng up 1.34%, ASX up 0.61% Commodities : Gold at $1570.15 (-0.59%), Silver at $17.77 (-0.10%), Brent Oil at $53.92 (+1.22%), WTI Oil at $50.11 (+1.09%) Rates : US 10-year yield at 1.549, UK 10-year yield at 0.553, Germany 10-year yield at -0.398 News &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-11th-february-asian-markets-higher-on-wall-street-cues\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 11th February: Asian markets higher on Wall Street cues<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":39076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-39075","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\/39075","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=39075"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39075\/revisions"}],"predecessor-version":[{"id":39077,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39075\/revisions\/39077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/39076"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=39075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=39075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=39075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}