Global Markets:
- Asian Stock Markets : Nikkei down 0.39%, Shanghai Composite up 0.45%, Hang Seng up 1.00%, ASX up 0.70%
- Commodities : Gold at $1470.35 (-0.11%), Silver at $17.01 (+0.05%), Brent Oil at $62.35 (-0.14%), WTI Oil at $57.02 (-0.21%)
- Rates : US 10-year yield at 1.808, UK 10-year yield at 0.740, Germany 10-year yield at -0.337
News & Data:
- (NZD) PPI Output q/q 1.00% vs 0.40% expected
- (NZD) PPI Input q/q 0.90% vs 0.20% expected
- (USD) TIC Long-Term Purchases 49.5B vs 70.3B expected
- (AUD) CB Leading Index m/m 0.20% vs 0.20% previous
- (USD) NAHB Housing Market Index 70 vs 71 expected
- (CNY) Foreign Direct Investment ytd/y 6.60% vs 6.50% previous
- RBA minutes signal that the Board is in “monitoring” mode
- BoJ Gov Kuroda: Possible For BoJ To Deepen Negative Rates Beyond -0.1%
Markets Update:
Asian stock markets are mostly higher on Tuesday following the modest gains overnight on Wall Street despite uncertainty over a U.S.-China trade deal.
Investor sentiment was bolstered by news that the Trump administration has issued a new 90-day extension that will allow U.S. companies to continue doing business with Chinese telecom giant Huawei Technologies.
Mainland Chinese stocks were higher by the afternoon. The Shenzhen component advanced 1 % while the Shanghai composite was 0.4% higher. Hong Kong’s Hang Seng index also added 1%. Japan’s Nikkei 225 shed 0.4% in afternoon trade, with shares of index heavyweight and robot maker Fanuc dropping more than 1%.
The S&P/ASX 200 in Australia advanced 0.7%. Minutes from the Reserve Bank of Australia’s (RBA) November meeting, where the central bank had kept the cash rate unchanged at 0.75%, were released earlier on Tuesday.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.8, following a decline in recent days from levels around 98.4. Spot gold , which has been closely tracking the fortunes of the Sino-U.S. trade dispute, was flat at $1,470.35 per ounce.
Upcoming Events:
- 12:30 AM GMT – (AUD) Monetary Policy Meeting Minutes
- 01:30 PM GMT – (CAD) Manufacturing Sales m/m
- 01:30 PM GMT – (USD) Building Permits
- 02:00 PM GMT – (USD) FOMC Member Williams Speaks
- 06:00 PM GMT – (CAD) Gov Council Member Wilkins Speaks
- &more…