Global Markets:
- Asian Stock Markets : Nikkei up 0.73%, Shanghai Composite down 0.28%, Hang Seng down 0.14%, ASX up 0.85%
- Commodities : Gold at $1539.75 (-0.70%), Silver at $17.73 (-1.49%), Brent Oil at $64.30 (+0.16%), WTI Oil at $58.12 (+0.07%)
- Rates : US 10-year yield at 1.858, UK 10-year yield at 0.749, Germany 10-year yield at -0.191
News & Data:
- (CNY) Trade Balance 329B vs 315B expected
- (CNY) USD-Denominated Trade Balance 46.8B vs 45.8B expected
- (NZD) NZIER Business Confidence -21 vs -40 previous
- (GBP) Manufacturing Production m/m -1.70% vs -0.30% expected
- (GBP) GDP m/m -0.30% vs 0.00% expected
- CFTC Tarbert: Phase One Trade Deal Signing Will Be ‘Immense Success’
- China’s Trade data (CNY): Imports and exports jump sharply in Decembe
Markets Update:
Asian stock markets are mostly higher on Tuesday following the record highs overnight on Wall Street and as investor sentiment improved after the U.S. removed China from a list of currency manipulators ahead of the signing of a phase one trade deal between the two countries on Wednesday. Chinese Vice Premier Liu He is scheduled to visit Washington to sign the deal.
The Nikkei 225 climbed 0.7% and the Topix index was up 0.3% after Japanese markets returned from a public holiday on Monday. Shares of technology conglomerate Softbank rose 3.2%.
The Shanghai composite and the Shenzhen composite were trading below the flatline, both down 0.3%. Hong Kong’s Hang Seng index declined 0.1%. Australia’s S&P/ASX 200 was up 0.9% as major miners gained.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.373, falling back from a high of 97.380 earlier. Crude oil prices declined sharply on Monday amid easing worries about U.S.-Iran tensions, resulting in the futures contract settling at their lowest level in about six weeks. Oil prices were little changed in the morning of Asia trading hours
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