- Asian Stock Markets : Nikkei up 0.06%, Shanghai Composite down 1.68%, Hang Seng down 1.43%, ASX up 0.33%
- Commodities : Gold at $1501.25 (-0.68%), Silver at $17.84 (-1.02%), Brent Oil at $68.69 (-0.48%), WTI Oil at $62.08 (-0.94%)
- Rates : US 10-year yield at 1.842, UK 10-year yield at 0.686, Germany 10-year yield at -0.486
News & Data:
- (AUD) HPI q/q -0.70% vs -1.00% expected
- (CNY) Industrial Production y/y 4.40% vs 5.20% expected
- (CNY) Fixed Asset Investment ytd/y 5.50% vs 5.70% expected
- NZ Government launches huge bond issue, seeks to raise up to $2b
- RBA Minutes repeat key themes – case for an October cut still intact
Asian stock markets are mixed on Tuesday, with investors turning cautious amid worries about the overnight surge in crude oil prices and its impact on the global economy as well as on geopolitical tensions in the Middle East.
Investors also preferred to remain on the sidelines as the Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday, with the central bank widely expected to cut interest rates by another 25 basis points. The Australian market is declining following the overnight losses on Wall Street amid the more than 14 percent surge in crude oil prices and on worries about its impact on the global economy. China’s Shanghai Composite and the Shenzhen Component were down 1.7% and 2.0% respectively. Japan’s Nikkei 225 rose 0.1%. The Bank of Japan monetary policy is due on Thursday. Elsewhere, South Korea’s KOSPI was little changed at 2,062.99.
In the currency market, the U.S. dollar is trading in the lower 108 yen-range on Tuesday. Oil continues to gain after the attacks on Aramco’s facilities, which affected 5% of global crude output.
- 09:00 AM GMT – (EUR) German ZEW Economic Sentiment
- 09:00 AM GMT – (EUR) ZEW Economic Sentiment
- 12:30 PM GMT – (CAD) Manufacturing Sales m/m
- 01:15 PM GMT – (USD) Capacity Utilization Rate
- 01:15 PM GMT – (USD) Industrial Production m/m
- 02:00 PM GMT – (USD) NAHB Housing Market Index
- 02:30 PM GMT – (AUD) CB Leading Index m/m
- Tentative – (NZD) GDT Price Index
- 08:00 PM GMT – (USD) TIC Long-Term Purchases
- 10:45 PM GMT – (NZD) Current Account
- 11:50 PM GMT – (JPY) Trade Balance