Monday 19 April 2021: Asian markets on autopilot.

IC Markets No Comments

Global Markets:

  • Asian Stock Markets : Nikkei up 0.01%, Shanghai Composite up 1.49%, Hang Seng up 0.37%, ASX up 0.03%
  • Commodities : Gold at $1787.75 (+0.42%), Silver at $26.14 (+0.13%), Brent Oil at $66.72 (-0.07%), WTI Oil at $63.17 (-0.03%)
  • Rates : US 10-year yield at 1.562, UK 10-year yield at 0.750, Germany 10-year yield at -0.270

News & Data:

  • (USD) Prelim UoM Inflation Expectations 3.70% vs 3.10% previous
  • (USD) Prelim UoM Consumer Sentiment 86.5 vs 88.9 expected
  • (USD) Housing Starts 1.74M vs 1.60M expected
  • (USD) Building Permits 1.77M vs 1.75M expected
  • (CAD) Wholesale Sales m/m -0.70% vs -0.50% expected
  • (CAD) Foreign Securities Purchases 8.52B vs 6.05B expected

CFTC Positioning Data:

  • EUR long 67K vs 68K long last week. Longs trimmed by 1K
  • GBP long 26K vs 20K long last week. Longs increase by 6K
  • JPY short 58K vs 58K short last week. Unchanged.
  • CHF long 1K vs 3K long last week. Longs trimmed by 2K
  • AUD long 4K vs 4K long last week. Unchanged.
  • NZD long 3K vs 3K long last week. Unchanged
  • CAD long 2K vs 3K long last week. Longs trimmed by 1K.

Markets Update:

Asian stocks ended mostly higher on Monday as positive earnings updates and upbeat economic data from the United States boosted optimism about a solid global economic recovery.

The Nikkei 225 in Japan closed little changed while the Topix index dipped 0.2%. South Korea’s Kospi closed largely flat while the S&P/ASX 200 in Australia rose fractionally to finish the trading day.

Mainland Chinese stocks led gains among the region’s major markets, with the Shanghai composite up 1.5% on the day while the Shenzhen component surged 2.9%.

Treasury yields steadied well below recent peaks in U.S. trade, after U.S. equity futures fell after stocks ended the previous week at a record high. In cryptocurrencies, bitcoin fell to its lowest level since February over the weekend, after reaching a record during the previous week after cryptocurrency exchange Coinbase Global Inc listed on Nasdaq.

Upcoming Events:

Tuesday, April 20, 2021

  • 10:45 PM GMT – (NZD) CPI q/q

Wednesday, April 21, 2021

  • 01:30 AM GMT – (AUD) Retail Sales m/m
  • 06:00 AM GMT – (GBP) CPI y/y
  • 10:30 AM GMT – (GBP) BOE Gov Bailey Speaks
  • 12:30 PM GMT – (CAD) CPI m/m
  • 02:00 PM GMT – (CAD) BOC Monetary Policy Report
  • 02:00 PM GMT – (CAD) BOC Rate Statement
  • 02:00 PM GMT – (CAD) Overnight Rate
  • 02:30 PM GMT – (USD) Crude Oil Inventories
  • 03:00 PM GMT – (CAD) BOC Press Conference

Thursday, April 22, 2021

  • 11:45 AM GMT – (EUR) Monetary Policy Statement
  • 11:45 AM GMT – (EUR) Main Refinancing Rate
  • 12:30 PM GMT – (EUR) ECB Press Conference
  • 12:30 PM GMT – (USD) Unemployment Claims

Friday, April 23, 2021

  • 06:00 AM GMT – (GBP) Retail Sales m/m
  • 07:15 AM GMT – (EUR) French Flash Services PMI
  • 07:15 AM GMT – (EUR) French Flash Manufacturing PMI
  • 07:30 AM GMT – (EUR) German Flash Manufacturing PMI
  • 07:30 AM GMT – (EUR) German Flash Services PMI
  • 08:00 AM GMT – (EUR) Flash Manufacturing PMI
  • 08:00 AM GMT – (EUR) Flash Services PMI
  • 08:30 AM GMT – (GBP) Flash Manufacturing PMI
  • 08:30 AM GMT – (GBP) Flash Services PMI
  • 01:45 PM GMT – (USD) Flash Manufacturing PMI