Global Markets:
- Asian Stock Markets : Nikkei down 0.44%, Shanghai Composite up 0.37%, Hang Seng down 1.41%, ASX down 0.03%
- Commodities : Gold at $1790.75 (-0.15%), Silver at $18.39 (-1.06%), Brent Oil at $42.71 (-0.90%), WTI Oil at $40.20 (-1.06%)
- Rates : US 10-year yield at 0.666, UK 10-year yield at 0.185, Germany 10-year yield at -0.447
News & Data:
- (AUD) Cash Rate 0.25% vs 0.25% expected
- (JPY) 30-y Bond Auction 0.61|3.9 vs 0.53|2.8 previous
- (JPY) Household Spending y/y -16.20% vs -11.80% expected
- (JPY) Average Cash Earnings y/y -2.10% vs -0.90% expected
- (AUD) AIG Services Index 31.5 vs 31.6 previous
- (NZD) NZIER Business Confidence -63 vs -70 previous
- (USD) ISM Non-Manufacturing PMI 57.1 vs 50 expected
Markets Update:
Asian stock markets are mixed on Tuesday despite the positive cues overnight from Wall Street following upbeat U.S. economic data and on hopes of an economic recovery in China. Worries over a spike in coronavirus cases in some U.S. states and other parts of the world weighed on investor sentiment. Investors were also on the backfoot as the Reserve Bank of Australia kept its policy settings on hold.
Stocks in mainland China continued to lead gains among the region’s major markets for a second day after Monday’s blockbuster gains. Hong Kong’s Hang Seng index, on the other hand, fell 1.4%, as of its final hour of trading. Elsewhere, Japan’s Nikkei 225 slipped 0.4% while the Topix index shed 0.3%. Over in Australia, the S&P/ASX 200 finished its trading day marginally below the flatline.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.882 after touching an earlier low of 96.6. Oil prices were mixed in line with some of the Asian equities markets.
Upcoming Events:
- 08:00 AM GMT – (EUR) Italian Retail Sales m/m
- 02:00 PM GMT – (CAD) Ivey PMI
- 02:00 PM GMT – (USD) IBD/TIPP Economic Optimism
- 02:00 PM GMT – (USD) JOLTS Job Openings
- Tentative – (NZD) GDT Price Index
- 05:00 PM GMT – (USD) FOMC Member Quarles Speaks
- 11:50 PM GMT – (JPY) Bank Lending y/y
- 11:50 PM GMT – (JPY) Current Account