Global Markets:
- Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite up 0.39%, Hang Seng up 1.52%, ASX up 0.68%
- Commodities : Gold at $1282.15 (+0.18%), Silver at $15.37 (+0.48%), Brent Oil at $61.74 (+1.06%), WTI Oil at $53.79 (+1.24%)
- Rates : US 10-year yield at 2.733, UK 10-year yield at 1.255, Germany 10-year yield at 0.184
News & Data:
- (EUR) Main Refinancing Rate 0.00% vs 0.00% expected
- (EUR) Flash Services PMI 50.8 vs 51.5 expected
- (EUR) Flash Manufacturing PMI 50.5 vs 51.5 expected
- (EUR) German Flash Services PMI 53.1 vs 52.2 expected
- (EUR) German Flash Manufacturing PMI 49.9 vs 51.4 expected
- (EUR) French Flash Services PMI 47.5 vs 50.6 expected
- (EUR) French Flash Manufacturing PMI 51.2 vs 50 expected
- Coeure: ECB May Have To Adjust Rate Guidance At Some Point
- Tokyo CPI Rise Accelerates; BOJ Cautious View Intact
Markets Update:
Asian stock markets are higher on Friday, extending gains from the previous session following the mostly positive cues overnight from Wall Street and despite worries about U.S.-China trade talks. U.S. Commerce Secretary Wilbur Ross told CNBC the U.S. is “miles and miles” from a trade deal with China. The comments from Ross come ahead of Chinese Vice Premier Liu He’s trip to Washington next week for the next round of trade negotiations. Tech stocks are among the major gainers.
The mainland Chinese markets, watched in relation to Beijing’s trade fight with Washington, advanced: The Shanghai composite gained 0.4 percent while the Shenzhen component rose 0.1 percent. The Shenzhen composite added 0.8 percent. Hong Kong’s Hang Seng index gained 1.52 percent. The Nikkei 225 in Japan added about 1 percent while the Topix index gained 0.9 percent.
In currency markets, the euro crawled up 0.1 percent to $1.1321 after dropping 0.7 percent overnight. It was still in close reach of a six-week trough of $1.1289 plumbed overnight. The euro was down 0.4 percent this week. The benchmark 10-year U.S. Treasury note yield was slightly higher at 2.729 percent after dropping to a one-week low as pessimism over global growth supported safe-haven government debt.
Crude oil extended gains after rallying the previous day as the United States threatened sanctions on Venezuela’s crude exports as the country descended further into political and economic turmoil.
Upcoming Events:
- 10:00 AM GMT – (EUR) German Ifo Business Climate
- Day 3 – (All) WEF Annual Meetings
- &more…
