Global Markets:
- Asian Stock Markets : Nikkei up
0.22%, Shanghai Composite up 0.45%, Hang Seng down 0.19%, ASX up 0.68% - Commodities : Gold at $1509.15
(+0.30%), Silver at $18.03 (+1.28%), Brent Oil at $61.45 (-0.36%), WTI Oil at
$55.99 (-0.43%) - Rates : US 10-year yield at
1.757, UK 10-year yield at 0.625, Germany 10-year yield at -0.404
News & Data:
- (USD) Flash Manufacturing PMI
51.5 vs 50.7 expected - (USD) Durable Goods Orders m/m
-1.10% vs -0.50% expected - (USD) Core Durable Goods Orders
m/m -0.30% vs -0.20% expected - (EUR) Main Refinancing Rate
0.00% vs 0.00% expected - (EUR) Flash Services PMI 51.8
vs 51.9 expected - (EUR) Flash Manufacturing PMI
45.7 vs 46.1 expected - (EUR) German Flash Services PMI
51.2 vs 52 expected - (EUR) German Flash
Manufacturing PMI 41.9 vs 42 expected - (EUR) French Flash
Manufacturing PMI 50.5 vs 50 expected - (EUR) French Flash Services PMI
52.9 vs 51.6 expected - (EUR) Spanish Unemployment Rate
13.90% vs 13.80% expected - Chinese Commercial Banks Sold
Net $3.4 Bln Of Forex In September Versus $5.4 Bln Sold In August – FX
Regulator - China to ask U.S. to remove
tariffs in exchange for ag buys in talks Friday – Sources
Markets Update:
Asian stock markets are mostly lower on
Friday following the mixed cues overnight from Wall Street amid continued
uncertainty over Brexit and the U.S.-China trade tensions. Investors also
turned cautious following the release of Amazon.com’s earnings results that
showed the e-commerce giant’s first quarterly profit drop in more than two
years.
Investors are also nervous ahead of a summit
in Chile where U.S. President Donald Trump hopes to finalise a partial trade
deal with his Chinese counterpart Xi Jinping. Rattling
confidence was a speech by U.S. Vice President Mike Pence on Thursday, which
criticised China’s handling of the Hong Kong protests and its treatment of
Muslim Uighurs in the Xinjiang region. Those comments sent the S&P 500
index briefly lower.
The Nikkei 225 in Japan seesawed to trade
higher by 0.2%, while the TOPIX was higher by 0.3%. Chinese mainland markets
reversed early losses to trade higher by 0.5%. The ASX in Australia traded
higher by 0.7%. In South Korea, KOSPI traded flat. In Hong Kong, the Hang Seng
index dropped 0.2%.
The dollar index, which tracks the
greenback against a basket of six major rivals, nudged 0.07% higher to 97.701.
Oil prices were lower after rising on Thursday on a surprise drop in U.S. crude
inventories and the hopes for market-supporting actions by OPEC and its allies.
Upcoming Events:
- 06:00 AM GMT – (EUR) German GfK
Consumer Climate - 08:00 AM GMT – (EUR) German Ifo
Business Climate - 02:00 PM GMT – (USD) Revised
UoM Consumer Sentiment - 02:00 PM GMT – (USD) Revised
UoM Inflation Expectations - Tentative – (USD) Federal
Budget Balance
