Global Markets:
- Asian Stock Markets : Nikkei up 0.50%, Shanghai Composite up 5.40%, Hang Seng up 0.58%, ASX up 0.31%
- Commodities : Gold at $1332.75 (0.00%), Silver at $15.94 (+0.15%), Brent Oil at $67.12 (-0.19%), WTI Oil at $57.20 (-0.10%)
- Rates : US 10-year yield at 2.661, UK 10-year yield at 1.160, Germany 10-year yield at 0.100
News & Data:
- (NZD) Core Retail Sales q/q 2.00% vs 0.80% expected
- (NZD) Retail Sales q/q 1.70% vs 0.50% expected
- (CAD) Retail Sales m/m -0.10% vs 0.00% expected
- (CAD) Core Retail Sales m/m -0.50% vs -0.50% expected
- (EUR) German Ifo Business Climate 98.5 vs 99 expected
- Russia’s Foreign Minister Lavrov Says U.S. Asked Russia For Advice Ahead Of Trump-Kim Meeting
- China-U.S. Trade talk to be harder at final stage: Xinhua
Markets Update:
Stocks in Asia mostly traded higher on Monday afternoon amid trade optimism after U.S. President Donald Trump announced a postponement of a closely-watched deadline on March 1.
Shares in mainland China saw solid gains in afternoon trade following the positive developments. The Shanghai composite, Shenzhen component and Shenzhen composite all surged more than 5 percent. Those moves took the Shanghai composite into bull market territory, or up 20 percent from intraday lows seen in early January.
Over in Hong Kong, the Hang Seng index rose 0.6 percent as shares of China Construction Bank gained around 1.6 percent. In Japan, the Nikkei 225 advanced 0.5 percent. Australia’s ASX 200 and South Korea’s Kospi also ended their trading days higher.
In currencies, the trade news had already been largely priced in and left the dollar little moved at 110.66 yen. Against a basket of currencies the dollar was holding steady at 96.473. Sterling was idling at $1.3065 as markets awaited some clarity on where Brexit talks were heading.
Oil prices were near their highest since mid-November, despite record output from the United States.
Upcoming Events:
Monday, February 25, 2019
- 11:00 AM GMT – (GBP) BOE Gov Carney Speaks
- 05:00 PM GMT – (USD) FOMC Member Clarida Speaks
Tuesday, February 26, 2019
- 11:00 AM GMT – (GBP) Inflation Report Hearings
- 04:00 PM GMT – (USD) CB Consumer Confidence
- 04:00 PM GMT – (USD) Fed Chair Powell Testifies
- 10:45 PM GMT – (NZD) Trade Balance
Wednesday, February 27, 2019
- 01:30 AM GMT – (AUD) Construction Work Done q/q
- 11:00 AM GMT – (EUR) German Buba President Weidmann Speaks
- 02:30 PM GMT – (CAD) CPI m/m
- 02:30 PM GMT – (CAD) Common CPI y/y
- 02:30 PM GMT – (CAD) Median CPI y/y
- 02:30 PM GMT – (CAD) Trimmed CPI y/y
- 04:00 PM GMT – (USD) Fed Chair Powell Testifies
Thursday, February 28, 2019
- 01:00 AM GMT – (NZD) ANZ Business Confidence
- 01:30 AM GMT – (AUD) Private Capital Expenditure q/q
- 02:00 AM GMT – (CNY) Manufacturing PMI
- 02:00 AM GMT – (CNY) Non-Manufacturing PMI
- All Day – (EUR) German Prelim CPI m/m
- 02:00 PM GMT – (USD) FOMC Member Clarida Speaks
- 02:30 PM GMT – (CAD) Current Account
- 02:30 PM GMT – (CAD) RMPI m/m
- 02:30 PM GMT – (USD) Advance GDP q/q
- 02:30 PM GMT – (USD) Advance GDP Price Index q/q
- 03:45 PM GMT – (USD) Chicago PMI
Friday, March 01, 2019
- 02:15 AM GMT – (USD) Fed Chair Powell Speaks
- 02:45 AM GMT – (CNY) Caixin Manufacturing PMI
- 10:30 AM GMT – (GBP) Manufacturing PMI
- 10:30 AM GMT – (GBP) Net Lending to Individuals m/m
- 11:00 AM GMT – (EUR) CPI Flash Estimate y/y
- 11:00 AM GMT – (EUR) Core CPI Flash Estimate y/y
- 02:30 PM GMT – (CAD) GDP m/m
- 02:30 PM GMT – (USD) Core PCE Price Index m/m
- 02:30 PM GMT – (USD) Personal Spending m/m
- 04:00 PM GMT – (USD) ISM Manufacturing PMI
- 04:00 PM GMT – (USD) Revised UoM Consumer Sentiment
- &more…
