Global Markets:
- Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite down 0.77%, Hang Seng up 0.85%, ASX down 0.41%
- Commodities : Gold at $1284.95 (-0.30%), Silver at $15.04 (-0.29%), Brent Oil at $71.00 (-0.88%), WTI Oil at $62.80 (-0.79%)
- Rates : US 10-year yield at 2.507, UK 10-year yield at 1.155, Germany 10-year yield at -0.004
News & Data:
- (USD) Revised UoM Consumer Sentiment 97.2 vs 97.1 expected
- (USD) Advance GDP Price Index q/q 0.90% vs 1.30% expected
- (USD) Advance GDP q/q 3.20% vs 2.20% expected
- Mnuchin Says Trade Negotiations With China Are in ‘the Final Laps’
CFTC Positioning Data:
- EUR short 105K vs 98K short last week. Shorts increase by 7K
- GBP short 2K vs 1K short last week. Shorts increased by 1K
- JPY short 94K vs 87K short last week. Shorts increased by 7K
- CHF short 38k vs 33k short last week. Shorts increased by 5K
- AUD short 50k vs 47k short last week. Shorts increased by 3K
- NZD short 5K vs 3K short last week. Shorts increased by 2K
- CAD short 47K vs 49K short last week. Shorts trimmed by 2K
Markets Update:
Asian shares mixed on Monday, with markets in Europe poised to track their gains, after strong U.S. first-quarter economic growth and data showing profits at Chinese industrial firms grew for the first time in four months. Still nagged by uncertainty over the outlook for the global economy, investors were awaiting a meeting of the U.S. Federal Reserve this week and Chinese factory data for further clues on policy direction in the world’s biggest economies.
Mainland Chinese shares were mostly lower by the morning session’s end, with the Shanghai composite 0.8% lower and the Shenzhen component dropping more than 1.8%. Mainland Chinese markets stumbled to their worst weekly performance since October last week, with the Shanghai composite dropping more than 5.5%.
Meanwhile, Hong Kong’s Hang Seng index advanced 0.8%. In South Korea, the Kospi added 1%, with shares of industry heavyweight Samsung Electronics jumping more than 2% ahead of its earnings release on Tuesday. The ASX 200 in Australia, on the other hand, slipped 0.4% as the sectors mostly traded lower.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.972 after touching highs above 98.1 last week. The Japanese yen traded at 111.59 against the dollar after touching lows beyond 112.2 in the previous trading week. The Australian dollar changed hands at $0.7057 after slipping from highs above $0.714 last week.
Oil prices declined in the afternoon of Asian trading hours, with the international benchmark Brent crude futures contract slipping 0.5%
Upcoming Events:
Monday, April 29, 2019
- 09:10 AM GMT – (GBP) BOE Gov Carney Speaks
- 01:30 PM GMT – (USD) Core PCE Price Index m/m
- 01:30 PM GMT – (USD) Core PCE Price Index m/m
- 01:30 PM GMT – (USD) Personal Spending m/m
- 01:30 PM GMT – (USD) Personal Spending m/m
Tuesday, April 30, 2019
- 02:00 AM GMT – (CNY) Manufacturing PMI
- 02:00 AM GMT – (CNY) Non-Manufacturing PMI
- 02:00 AM GMT – (NZD) ANZ Business Confidence
- 08:00 AM GMT – (EUR) Spanish Flash GDP q/q
- All Day – (EUR) German Prelim CPI m/m
- 08:40 AM GMT – (GBP) MPC Member Ramsden Speaks
- 10:00 AM GMT – (EUR) Prelim Flash GDP q/q
- 01:30 PM GMT – (CAD) GDP m/m
- 01:30 PM GMT – (CAD) RMPI m/m
- 01:30 PM GMT – (USD) Employment Cost Index q/q
- 02:45 PM GMT – (USD) Chicago PMI
- 03:00 PM GMT – (USD) CB Consumer Confidence
- 04:00 PM GMT – (CAD) BOC Gov Poloz Speaks
- 11:45 PM GMT – (NZD) Employment Change q/q
- 11:45 PM GMT – (NZD) Unemployment Rate
Wednesday, May 01, 2019
- 09:30 AM GMT – (GBP) Manufacturing PMI
- 09:30 AM GMT – (GBP) Net Lending to Individuals m/m
- 01:15 PM GMT – (USD) ADP Non-Farm Employment Change
- 03:00 PM GMT – (USD) ISM Manufacturing PMI
- 07:00 PM GMT – (USD) FOMC Statement
- 07:00 PM GMT – (USD) Federal Funds Rate
- 07:30 PM GMT – (USD) FOMC Press Conference
- 09:15 PM GMT – (CAD) BOC Gov Poloz Speaks
Thursday, May 02, 2019
- 02:45 AM GMT – (CNY) Caixin Manufacturing PMI
- 12:00 PM GMT – (GBP) BOE Inflation Report
- 12:00 PM GMT – (GBP) MPC Official Bank Rate Votes
- 12:00 PM GMT – (GBP) Monetary Policy Summary
- 12:00 PM GMT – (GBP) Official Bank Rate
- 12:00 PM GMT – (GBP) Asset Purchase Facility
- 12:00 PM GMT – (GBP) MPC Asset Purchase Facility Votes
- 12:30 PM GMT – (GBP) BOE Gov Carney Speaks
- Tentative – (USD) Treasury Currency Report
Friday, May 03, 2019
- 02:30 AM GMT – (AUD) Building Approvals m/m
- 09:30 AM GMT – (GBP) Services PMI
- 10:00 AM GMT – (EUR) CPI Flash Estimate y/y
- 10:00 AM GMT – (EUR) Core CPI Flash Estimate y/y
- 01:30 PM GMT – (USD) Average Hourly Earnings m/m
- 01:30 PM GMT – (USD) Non-Farm Employment Change
- 01:30 PM GMT – (USD) Unemployment Rate
- 03:00 PM GMT – (USD) ISM Non-Manufacturing PMI
- 03:15 PM GMT – (USD) FOMC Member Evans Speaks
- 04:30 PM GMT – (USD) FOMC Member Clarida Speaks
- 06:45 PM GMT – (USD) FOMC Member Williams Speaks
- 08:00 PM GMT – (USD) FOMC Member Bowman Speaks
- &more…
