Global Markets:
- Asian Stock Markets : Nikkei down 1.77%, Shanghai Composite down 1.00%, Hang Seng down 1.33%, ASX down 1.22%
- Commodities : Gold at $1250.50 (-0.10%), Silver at $14.74 (-0.16%), Brent Oil at $58.67 (-1.58%), WTI Oil at $49.31 (-1.77%)
- Rates : US 10-year yield at 2.850, UK 10-year yield at 1.271, Germany 10-year yield at 0.255
News & Data:
- (NZD) ANZ Business Confidence -24.1 vs -37.1 previous
- (USD) TIC Long-Term Purchases 31.3B vs 30.8B previous
- (AUD) CB Leading Index m/m -0.50% vs -0.10% previous
- (USD) NAHB Housing Market Index 56 vs 61 expected
- (USD) Empire State Manufacturing Index 10.9 vs 20.1 expected
- (CAD) Foreign Securities Purchases 3.98B vs 6.20B expected
Markets Update:
Asian stock markets are in negative territory on Tuesday following the overnight sell-off on Wall Street and the fall in crude oil prices amid rising worries about slowing global economic growth.
Investors remained cautious as they awaited key central bank monetary policy decisions due this week, with the Federal Reserve expected to raise interest rates on Wednesday.
The mainland Chinese markets fell by the end of the morning session. The Shanghai composite slipped 1.09 percent and the Shenzhen composite was lower by 1.314 percent. In Hong Kong, the Hang Seng index declined by 0.90 percent. Japan’s Nikkei 225 fell 1.77 percent in afternoon trade while the Topix index declined by 1.9 percent.
Over in South Korea, the Kospi slipped 0.5 percent as shares of chipmaker SK Hynix declined by 1.5 percent. The ASX 200 in Australia also fell and was lower by 1.22 percent, with almost all sectors seeing losses.
The 10-year U.S. Treasuries yield dropped to 2.853 percent, edging near a Dec. 10 low of 2.825 percent, its lowest level since late August. Oil prices extended losses on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand.
Upcoming Events:
- 10:00 AM GMT – (EUR) German Ifo Business Climate
- 02:30 PM GMT – (USD) Building Permits
- 02:30 PM GMT – (USD) Housing Starts
- 09:00 PM GMT – (NZD) Westpac Consumer Sentiment
- 10:45 PM GMT – (NZD) Current Account
- &more…
