{"id":40880,"date":"2020-05-25T17:59:22","date_gmt":"2020-05-25T07:59:22","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=40880"},"modified":"2020-05-25T17:59:22","modified_gmt":"2020-05-25T07:59:22","slug":"monday-25th-may-asian-markets-mostly-higher","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-25th-may-asian-markets-mostly-higher\/","title":{"rendered":"Monday 25th May: Asian markets mostly higher"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 1.73%, Shanghai Composite up 0.15%, Hang Seng down 0.17%, ASX up 2.16%<\/li>\n<li>Commodities : Gold at $1728.60 (-0.40%), Silver at $17.47 (-1.26%), Brent Oil at $35.14 (+0.03%), WTI Oil at $33.45 (+0.60%)<\/li>\n<li>Rates : US 10-year yield at 0.657, UK 10-year yield at 0.173, Germany 10-year yield at -0.502<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CAD) Core Retail Sales m\/m -0.40% vs -4.80% expected<\/li>\n<li>(GBP) Retail Sales m\/m -18.10% vs -15.80% expected<\/li>\n<li>S.-China Ties Have Become &#8216;Extremely Hostile,&#8217; Former Official Says<\/li>\n<li>China Sets Yuan Fix At Weakest Since 2008<\/li>\n<li>Japan Econ Min Nishimura: Panel approves declaration to lift emergency<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data: <\/strong><\/h3>\n<ul>\n<li>EUR long 72K vs 78K long last week. Longs trimmed by 6K<\/li>\n<li>GBP short 19K vs 14K short last week. Shorts increased by 5K<\/li>\n<li>JPY long 28K vs 28K long last week. Longs unchanged<\/li>\n<li>CHF long 9K vs 7K long last week. Longs increased by 2K<\/li>\n<li>AUD short 39k vs 35K short last week. Shorts increased by 4K<\/li>\n<li>NZD short 16K vs 16K short last week. Shorts unchanged<\/li>\n<li>CAD short 35k vs 32K short last week. Shorts increased by 3K.<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly higher on Monday despite the lackluster cues from Wall Street Friday amid concerns over rising U.S.-China tensions. Optimism about a recovery in growth following the reopening of economies and hopes about more stimulus measures by global central banks helped lift stocks.<\/p>\n<p>Mainland Chinese shares traded mixed: The Shanghai composite rose 0.2%, the Shenzhen composite was fractionally lower. In Hong Kong, the Hang Seng index retraced earlier losses of more than 1% to trade down 0.12%, extending Friday\u2019s losses of more than 5%.<\/p>\n<p>In Japan, the Nikkei 225 index added 1.7%, while the Topix index was up 1.7%. The Australian market is notably higher, with stocks rising across the board. The benchmark ASX 200 added 2.2%. Markets in Singapore, India and Indonesia were shut due to public holidays.<\/p>\n<p>The U.S. dollar traded at 99.906 against a basket of its peers, a touch higher than its previous close at 99.863. Action in currencies was subdued as the euro held near a one-week trough, while the Australian dollar was slightly lower.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Monday, May 25, 2020<\/p>\n<ul>\n<li>05:30 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/li>\n<\/ul>\n<p>Tuesday, May 26, 2020<\/p>\n<ul>\n<li>01:00 PM GMT &#8211; (EUR) ECB Financial Stability Review<\/li>\n<li>02:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/li>\n<li>09:00 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/li>\n<li>09:00 PM GMT &#8211; (NZD) RBNZ Financial Stability Report<\/li>\n<\/ul>\n<p>Wednesday, May 27, 2020<\/p>\n<ul>\n<li>07:30 AM GMT &#8211; (EUR) ECB President Lagarde Speaks<\/li>\n<\/ul>\n<p>Thursday, May 28, 2020<\/p>\n<ul>\n<li>01:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/li>\n<li>01:30 AM GMT &#8211; (AUD) Private Capital Expenditure q\/q<\/li>\n<li>12:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/li>\n<li>12:30 PM GMT &#8211; (USD) Core Durable Goods Orders m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Unemployment Claims<\/li>\n<li>02:00 PM GMT &#8211; (USD) Pending Home Sales m\/m<\/li>\n<\/ul>\n<p>Friday, May 29, 2020<\/p>\n<ul>\n<li>09:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/li>\n<li>12:30 PM GMT &#8211; (CAD) GDP m\/m<\/li>\n<li>12:30 PM GMT &#8211; (CAD) RMPI m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/li>\n<li>01:45 PM GMT &#8211; (USD) Chicago PMI<\/li>\n<li>02:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/li>\n<li>03:00 PM GMT &#8211; (USD) Fed Chair Powell Speaks<\/li>\n<\/ul>\n<p>Sunday, May 31, 2020<\/p>\n<ul>\n<li>01:00 AM GMT &#8211; (CNY) Manufacturing PMI<\/li>\n<li>01:00 AM GMT &#8211; (CNY) Non-Manufacturing PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.73%, Shanghai Composite up 0.15%, Hang Seng down 0.17%, ASX up 2.16% Commodities : Gold at $1728.60 (-0.40%), Silver at $17.47 (-1.26%), Brent Oil at $35.14 (+0.03%), WTI Oil at $33.45 (+0.60%) Rates : US 10-year yield at 0.657, UK 10-year yield at 0.173, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-25th-may-asian-markets-mostly-higher\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 25th May: Asian markets mostly higher<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":40881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-40880","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\/40880","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=40880"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40880\/revisions"}],"predecessor-version":[{"id":40882,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/40880\/revisions\/40882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/40881"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=40880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=40880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=40880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}