Global Markets:
- Asian Stock Markets : Nikkei down 0.42%, Shanghai Composite up 0.44%, Hang Seng down 0.13%, ASX up 1.02%
- Commodities : Gold at $1283.15 (+0.16%), Silver at $15.39 (+0.54%), Brent Oil at $53.87 (+2.16%), WTI Oil at $45.72 (+2.49%)
- Rates : US 10-year yield at 2.775, UK 10-year yield at 1.308, Germany 10-year yield at 0.242
News & Data:
- (USD) CB Consumer Confidence 128.1 vs 133.7 expected
- (USD) HPI m/m 0.30% vs 0.30% expected
- (USD) Unemployment Claims 216K vs 217K expected
- (CHF) Credit Suisse Economic Expectations -22.2 vs -42.3 previous
Markets Update:
Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session’s big gains, although lingering investor jitters helped support safe-haven currencies such as the yen.
The Australian market is extending gains from the previous session following a substantial late-stage rebound by U.S. stocks. Banks, insurance and oil stocks are among the leading gainers, while property and industrials shares are lower after they went ex-dividend.
Japanese market is declining despite the late-stage recovery on Wall Street, as investors booked profits after two straight days of gains and also digested a raft of mixed local economic data. In addition, a stronger yen weighed on exporters’ shares. the mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were mostly flat by the end of the morning session. The Shenzhen composite and the Shenzhen component were both largely flat.
While stocks showed signs of recovery, lingering market volatility helped keep safe-haven currencies such as the yen and Swiss franc in demand. The dollar extended overnight losses and was down 0.3 percent at 110.64 yen. It was on track to lose more than 2 percent this month.
The 10-year U.S. Treasury note yield was up 3 basis points at 2.773 percent, pulling back from a nine-month low of 2.720 percent brushed earlier in the week.
Upcoming Events:
- All Day GMT – (EUR) German Prelim CPI m/m
- 09:00 AM GMT – (CHF) KOF Economic Barometer
- 03:45 PM GMT – (USD) Chicago PMI
- &more...
