Monday 11th November: Hong Kong markets fall on account of heightened tensions

Global Markets:

• Asian Stock Markets : Nikkei
  down 0.26%, Shanghai Composite down 1.75%, Hang Seng down 2.72%, ASX up 0.72%
• Commodities : Gold at $1463.65
  (+0.05%), Silver at $16.83 (+0.03%), Brent Oil at $61.86 (-1.04%), WTI Oil at
  $56.63 (-1.07%)
• Rates : US 10-year yield at
  1.945, UK 10-year yield at 0.791, Germany 10-year yield at -0.268

News & Data:

• (CNY) CPI y/y 3.80% vs 3.20%
  expected
• (USD) Prelim UoM Consumer
  Sentiment 95.7 vs 96 expected
• (CAD) Unemployment Rate 5.50%
  vs 5.50% expected
• (CAD) Employment Change -1.8K
  vs 14.7K expected
• World Bank’s Garcia Mora on
  Fintech Trends, Regulation, Digital Currencies
• BOJ debated whether to boost
  stimulus if inflation momentum stalls: October summary

CFTC Positioning
Data:

• EUR short 61K vs 53K short last
  week. Shorts increased by 8K
• GBP short 29K vs 32K short last
  week. Shorts trimmed by 3K
• JPY short 27K vs 20K short last
  week. Shorts increased by 7K
• CHF short 14k vs 12k short last
  week. Shorts increased by 2K
• AUD short 27k vs 40k short last
  week. Shorts trimmed by 13K
• NZD short 39K vs 40K short last
  week. Shorts trimmed by 1K
• CAD long 54 vs 44K long last
  week.  Longs increased by 10K.

Markets Update:

Asian stock markets, led by Hong Kong, are
mostly lower on Monday despite the modest gains on Wall Street Friday as
uncertainty about a U.S.-China trade deal and rising political turmoil in Hong
Kong dampened investor sentiment. According to reports, at least two protesters
were injured in Hong Kong after police opened fire at mass demonstrations in
the city.

In Hong Kong, the Hang Seng index was deep
in negative territory, declining 2.7% as political turmoil in the city
worsened. At least two protesters were said to be injured when local police
opened fire on Monday at mass demonstrations.

Japan’s Nikkei 225 reversed early gains to
trade down 0.3% while the Topix index was flat. South Korea’s Kospi fell 0.6%
as major chipmaker SK Hynix slid 1.70%. In Australia, the benchmark ASX 200
defied the general downward trend in the region and rose 0.7%.

Data on October U.S. industrial production
and retail sales, along with the National Federation of Independent Business’s
monthly small business survey, are scheduled for release this week. Analysts
said the outlook for equities was highly dependent on U.S. economic data as a
U.S.-China trade agreement would help bolster manufacturing and industrial
sectors.

Upcoming Events:

Monday, November 11, 2019  

• 09:30 AM GMT – (GBP) Prelim GDP
  q/q
• 09:30 AM GMT – (GBP) GDP m/m
• 09:30 AM GMT – (GBP)
  Manufacturing Production m/m

Tuesday, November 12, 2019  

• 12:30 AM GMT – (AUD) NAB
  Business Confidence
• 02:00 AM GMT – (NZD) Inflation
  Expectations q/q
• 12th-14th GMT – (CNY) New Loans
• 09:30 AM GMT – (GBP) Average
  Earnings Index 3m/y
• 10:00 AM GMT – (EUR) German ZEW
  Economic Sentiment
• 10:30 AM GMT – (USD) FOMC
  Member Clarida Speaks
• 11:30 PM GMT – (AUD) Westpac
  Consumer Sentiment

Wednesday, November 13, 2019  

• 12:30 AM GMT – (AUD) Wage Price
  Index q/q
• 01:00 AM GMT – (NZD) Official Cash
  Rate
• 01:00 AM GMT – (NZD) RBNZ
  Monetary Policy Statement
• 01:00 AM GMT – (NZD) RBNZ Rate
  Statement
• 02:00 AM GMT – (NZD) RBNZ Press
  Conference
• 09:30 AM GMT – (GBP) CPI y/y
• 01:30 PM GMT – (USD) CPI m/m
• 01:30 PM GMT – (USD) Core CPI
  m/m
• 04:00 PM GMT – (USD) Fed Chair
  Powell Testifies
• 10:50 PM GMT – (AUD) RBA Assist
  Gov Bullock Speaks

Thursday, November 14, 2019  

• 12:30 AM GMT – (AUD) Employment
  Change
• 12:30 AM GMT – (AUD)
  Unemployment Rate
• 02:00 AM GMT – (CNY) Fixed
  Asset Investment ytd/y
• 02:00 AM GMT – (CNY) Industrial
  Production y/y
• 07:00 AM GMT – (EUR) German
  Prelim GDP q/q
• 09:30 AM GMT – (GBP) Retail
  Sales m/m
• 01:30 PM GMT – (USD) Core PPI
  m/m
• 01:30 PM GMT – (USD) PPI m/m
• 02:10 PM GMT – (USD) FOMC
  Member Clarida Speaks
• 03:00 PM GMT – (USD) Fed Chair Powell
  Testifies
• 04:00 PM GMT – (USD) Crude Oil
  Inventories
• 05:00 PM GMT – (CHF) Gov Board
  Member Maechler Speaks
• 09:30 PM GMT – (NZD) Business
  NZ Manufacturing Index

Friday, November 15, 2019  

• 01:30 AM GMT – (AUD) RBA Deputy Gov Debelle Speaks
• 02:45 AM GMT – (CAD) BOC Gov Poloz Speaks
• 01:30 PM GMT – (CAD) Gov Council Member Lane Speaks
• 01:30 PM GMT – (USD) Core Retail Sales m/m
• 01:30 PM GMT – (USD) Retail Sales m/m
• 05:00 PM GMT – (EUR) German Buba President Weidmann Speaks
• &more…