Global Markets:
- Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite up 0.82%, Hang Seng up 0.91%, ASX up 0.06%
- Commodities : Gold at $1211.70 (+0.13%), Silver at $14.14 (+0.39%), Brent Oil at $66.00 (-0.18%), WTI Oil at $56.06 (-0.34%)
- Rates : US 10-year yield at 3.127, UK 10-year yield at 1.481, Germany 10-year yield at 0.393
News & Data:
- (AUD) Employment Change 32.8K vs 19.9K expected
- (USD) Core CPI m/m 0.20% vs 0.20% expected
- (USD) CPI m/m 0.30% vs 0.30% expected
- (EUR) Flash GDP q/q 0.20% vs 0.20% expected
- (GBP) RPI y/y 3.30% vs 3.40% expected
- (GBP) PPI Input m/m 0.80% vs 0.60% expected
- (GBP) CPI y/y 2.40% vs 2.50% expected
- (EUR) German Prelim GDP q/q -0.20% vs -0.10% expected
- Debelle: Assessing the Effects of Housing Lending Policy Measures
- Powell credits Fed policy for the US economy being 'in a good place'
Markets Update:
Asian stock markets are mostly higher on Thursday despite the negative cues overnight from Wall Street as risk appetite improved after British Prime Minister Theresa May said she has obtained cabinet support for her proposed Brexit deal to move forward.
However, gains are modest in most markets. Crude oil prices slipped in Asian trades after rebounding overnight.
Japan's Nikkei 225 slipped 0.25 percent in afternoon trade while the Topix index saw losses of 0.34 percent.
The Shanghai composite advanced 0.82 percent and the Shenzhen composite gained 0.59 percent. In Hong Kong, the Hang Seng index rose 0.91 percent.
In currencies, the pound and euro kept gains made after British Prime Minister May's cabinet backed her draft Brexit deal. May now has to gain the support of parliament, though it is unclear whether she has enough votes to clinch approval.
U.S. oil futures fell 0.6 percent to $55.92 a barrel, after a slight bounce overnight that followed 12 straight losing sessions. Brent was down 0.5 percent at $65.89.
Upcoming Events:
- 10:30 AM GMT – (GBP) Retail Sales m/m
- 02:00 PM GMT – (GBP) MPC Member Tenreyro Speaks
- 02:30 PM GMT – (USD) Core Retail Sales m/m
- 02:30 PM GMT – (USD) Retail Sales m/m
- 02:30 PM GMT – (USD) Empire State Manufacturing Index
- 02:30 PM GMT – (USD) Philly Fed Manufacturing Index
- 04:00 PM GMT – (USD) FOMC Member Quarles Speaks
- 05:00 PM GMT – (USD) Crude Oil Inventories
- 05:30 PM GMT – (USD) Fed Chair Powell Speaks
- 07:00 PM GMT – (USD) FOMC Member Bostic Speaks
- 10:30 PM GMT – (NZD) Business NZ Manufacturing Index
- &more…
