Global Markets:
- Asian Stock Markets : Nikkei down 1.14%, Shanghai Composite down 0.80%, Hang Seng down 1.02%, ASX down 0.22%
- Commodities : Gold at $1291.70 (-0.02%), Silver at $16.57 (-0.06%), Brent at $79.07 (-0.63%), WTI Oil at $71.92 (-0.39%)
- Rates : US 10-year yield at 3.052, UK 10-year yield at 1.519, Germany 10-year yield at 0.558
News & Data:
- (JPY) All Industries Activity m/m 0.00% vs 0.10% expected
- (AUD) Construction Work Done q/q 0.20% vs 1.10% expected
- (JPY) Flash Manufacturing PMI 52.5 vs 53.6 expected
- (AUD) MI Leading Index m/m 0.20% vs -0.10% previous
- (USD) Richmond Manufacturing Index 16 vs 9 expected
- (CNY) CB Leading Index m/m 1.50% vs 1.60% previous
- (CAD) Wholesale Sales m/m 1.10% vs 0.80% expected
- (GBP) CBI Industrial Order Expectations -3 vs 2 expected
- (GBP) Public Sector Net Borrowing 6.2B vs 7.2B expected
- (GBP) MPC Member Vlieghe Speaks vs previous
- (JPY) BOJ Core CPI y/y 0.50% vs 0.60% expected
- RBNZ would consider buying foreign government bonds in a crisis
- USD/JPY Holds Above Key Support
Markets Update:
Asian stock markets are mostly lower on Wednesday, led by Japan, after U.S. President Donald Trump said he was "not really" pleased with the U.S.-China trade talks so far.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan’s Nikkei lost as much as 1.4 percent to hit a 1-1/2-week low and the Shanghai Composite Index retreated 0.6 percent.
The Australian market is advancing despite the weak cues overnight from Wall Street, as gains in metal prices lifted mining stocks.
As lower U.S. yields sap the appetite for the dollar, the euro traded at $1.1754 , hovering above Monday’s five-month low of $1.1717.Against the yen the dollar slipped 0.4 percent to 110.47 from Monday’s four-month high of 111.395
In commodities, oil prices held firm near 3-1/2-year highs on potential supply concerns surrounding Venezuela and Iran.
Upcoming Events:
- 8:00am GMT – (EUR) French Flash Manufacturing PMI
- 12:00 AM GMT – (EUR) French Flash Services PMI
- 8:30am GMT – (EUR) German Flash Manufacturing PMI
- 12:00 AM GMT – (EUR) German Flash Services PMI
- 9:00am GMT – (AUD) RBA Gov Lowe Speaks
- 12:00 AM GMT – (EUR) Flash Manufacturing PMI
- 12:00 AM GMT – (EUR) Flash Services PMI
- 9:30am GMT – (GBP) CPI y/y
- 12:00 AM GMT – (GBP) PPI Input m/m
- 12:00 AM GMT – (GBP) RPI y/y
- 3:30pm GMT – (USD) Crude Oil Inventories
- 7:00pm GMT – (USD) FOMC Meeting Minutes
- 11:45pm GMT – (NZD) Trade Balance
- &more…
