Global Markets:
- Asian Stock Markets : Nikkei down 0.04%, Shanghai Composite up 0.18%, Hang Seng up 0.12%, ASX up 0.41%
- Commodities : Gold at $1292.35 (-0.14%), Silver at $15.06 (-0.28%), Brent Oil at $69.22 (+0.30%), WTI Oil at $61.83 (+0.39%)
- Rates : US 10-year yield at 2.476, UK 10-year yield at 1.042, Germany 10-year yield at -0.038
News & Data:
- (AUD) Cash Rate 1.50% vs 1.50% expected
- (AUD) Building Approvals m/m 19.10% vs -1.70% expected
- (NZD) NZIER Business Confidence -29 vs -17 previous
- (USD) ISM Manufacturing PMI 55.3 vs 54.2 previous
- (USD) Retail Sales m/m -0.20% vs 0.30% expected
- (USD) Core Retail Sales m/m -0.40% vs 0.40% expected
- (EUR) Core CPI Flash Estimate y/y 0.80% vs 0.90% expected
- (EUR) CPI Flash Estimate y/y 1.40% vs 1.50% expected
- (GBP) Manufacturing PMI 55.1 vs 51.2 expected
- Goldman Sees a ‘Big Finish’ for Brexit, Opportunity in the Pound
Markets Update:
Asian stock markets are in positive territory on Tuesday, extending gains from the previous session following the overnight rally on Wall Street amid optimism about U.S.-China trade talks and as fears of a global economic slowdown eased on upbeat upbeat manufacturing data from the world’s two largest economies.
The Reserve Bank of Australia kept its policy cash rate unchanged at 1.50 percent in line with market expectations. Australia’s benchmark ASX 200 was up 0.4 percent as the heavily weighted financial subindex added 0.7 percent while the energy subindex was up 1 percent. The Shanghai composite was up 0.2 percent while the Shenzhen composite rose 0.2 percent. Hong Kong’s Hang Seng index gave up most of its early gains to trade higher by 0.1 percent.
The British parliament failed on Monday to find a majority for any proposed alternative to Prime Minister Theresa May’s divorce deal, though support for an alternative that included a customs union was far higher than for May’s deal. Against the Japanese yen, the dollar was down a tad at 111.31 yen, but 1.5 percent above its 1-1/2-month low of 109.70 touched on March 25.
Oil prices rose to fresh 2019 highs after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.
Upcoming Events:
- 09:30 AM GMT – (AUD) Annual Budget Release
- 01:30 PM GMT – (USD) Core Durable Goods Orders m/m
- 01:30 PM GMT – (USD) Durable Goods Orders m/m
- &more…
