- Asian Stock Markets : Nikkei up 0.33%, Shanghai Composite up 0.04%, Hang Seng down 0.05%, ASX up 0.34%
- Commodities : Gold at $1465.75 (+0.04%), Silver at $16.64 (+0.25%), Brent Oil at $64.22 (-0.26%), WTI Oil at $58.94 (-0.44%)
- Rates : US 10-year yield at 1.831, UK 10-year yield at 0.765, Germany 10-year yield at -0.289
News & Data:
- (CNY) CPI y/y 4.50% vs 4.50% expected
- (AUD) NAB Business Confidence 0 vs 2 previous
- (AUD) HPI q/q 2.40% vs 0.50% expected
- China’s pork price jumps 110 per cent, sending consumer inflation rocketing to eight-year high
- OCC Highlights Key Risks for the US Federal Banking System
Asian stock markets are traded mixed on Tuesday with investors turning cautious amid lingering uncertainty about a trade deal between the U.S. and China before the next round of tariffs on Chinese goods set to take effect on December 15. Trading activity also remained subdued ahead of the U.S. Federal Reserve’s monetary policy announcement due on Wednesday.
Mainland Chinese stocks were fractionally up by the afternoon, with the Shanghai composite up 0.04 % as shares of China Postal Savings Bank rose 1.09% in their Shanghai debut. Hong Kong’s Hang Seng index was fractionally lower. Chinese consumer inflation jumped in November, according to data released by the country’s National Bureau of Statistics on Tuesday.
Japan’s Nikkei 225 declined slightly in afternoon trade while the Topix index dipped fractionally. Shares of game maker Nintendo surged beyond 3% as the firm officially launched its Switch console in China
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.626 after seeing earlier highs above 97.7.
Worries over trade continued to push oil prices lower. Data released on Sunday showed that Chinese exports declined for a fourth straight month, underscoring the impact of the trade war between the U.S. and China, which is in its 17th month.
- 09:30 AM GMT – (GBP) GDP m/m
- 09:30 AM GMT – (GBP) Manufacturing Production m/m
- 10:00 AM GMT – (EUR) German ZEW Economic Sentiment
- 06:01 PM GMT – (USD) 10-y Bond Auction
- 11:30 PM GMT – (AUD) Westpac Consumer Sentiment