Monday 21st December: Asian markets slightly lower at the beginning of a slow week

21 Dec 2020

Global Markets:

  • Asian Stock Markets : Nikkei down 0.18%, Shanghai Composite up 0.76%, Hang Seng down 0.63%, ASX down 0.08%
  • Commodities : Gold at $1902.30 (+0.71%), Silver at $27.04 (+3.88%), Brent Oil at $50.64 (-3.10%), WTI Oil at $47.74 (-3.05%)
  • Rates : US 10-year yield at 0.908, UK 10-year yield at 0.184, Germany 10-year yield at -0.611

News & Data:

  • (CAD) Retail Sales m/m 0.40% vs 0.10% expected
  • (CAD) Core Retail Sales m/m 0.00% vs 0.10% expected
  • (EUR) German ifo Business Climate 92.1 vs 90.2 expected
  • (GBP) Retail Sales m/m -3.80% vs -4.00% expected
  • China leaves lending benchmark LPR unchanged but rate hike expectations grow

CFTC Positioning Data:

  • EUR long 142K vs 156K long last week. Longs trimmed by 14K
  • GBP long 4K vs 6K short last week. Longs trimmed by 2K
  • JPY long 44K vs 48K long last week. Longs trimmed by 4K
  • CHF long 9K vs 10K long last week. Longs trimmed by 1K
  • AUD short 9K vs 10K short last week. Shorts trimmed by 1K
  • NZD long 14K vs 11K long last week. Longs increased by 3K
  • CAD short 16k vs 21K short last week. Shorts trimmed by 5K.

Markets Update:

Asian stocks were moving lower in cautious trade on Monday, though the downside remained limited after U.S. Congressional leaders on Sunday reached a hard-fought agreement on a $900 billion stimulus package.

The deal offers temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans. The agreement also includes a new round of subsidies for hard-hit businesses and money for schools, health care providers and renters facing eviction.

Mainland Chinese stocks were higher by their close, with the Shanghai composite up 0.8% while the Shenzhen component surged 2%. Hong Kong’s Hang Seng index declined about 0.6% In Japan, the Nikkei 225 and the Topix both dipped 0.2%. Shares in Australia declined, with the S&P/ASX 200 down 0.1%.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.427 — off a recent slump below the 90 level. Oil prices ran into profit-taking after notching up seven straight weeks of gains, with travel restrictions in Europe a further blow to demand.

Upcoming Events:

Tuesday, December 22, 2020

  • 01:30 PM GMT – (USD) Final GDP q/q

Wednesday, December 23, 2020

  • 01:30 PM GMT – (CAD) GDP m/m


© IC Markets

China equities buck the trend
Monday morning wake up calls

By accepting you will be accessing a service provided by a third-party external to https://chatpips.com/


Broker Search

Latest Spot Rate

25 January 2021
RIYADH, Saudi Arabia, Jan. 25, 2021 /PRNewswire/ -- Fund plans to grow its assets under management to USD1.07 trillion by end of 2025 and contribute USD320 billion to Saudi Arabia's non-oil GDP PIF has created 10  new sectors, launched over 30 new co...
25 January 2021
SINGAPORE, Jan. 25, 2021 /PRNewswire/ -- StashAway, Southeast Asia's largest and fastest-growing digital wealth manager for both retail and accredited investors, has announced that they're managing more than US$1billion (SG$ 1.35billion). Since Stash...
25 January 2021
KUALA LUMPUR, Malaysia, Jan. 25, 2021 /PRNewswire/ -- StashAway, Southeast Asia's largest and fastest-growing digital wealth manager for both retail and sophisticated investors, has announced that they're managing more than US$1billion (MYR 4.05billi...
23 January 2021
Key risk events today: ECB President Lagarde Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: Weekly gain/loss: +0.79% Weekly close: 1.2170 Weekly perspective:...
23 January 2021
First, a review of last week's events: - EUR/USD. We published a chart seven days ago that clearly showed how the correlation between the S&P500 index and EUR/USD was broken in early January. But now everything is back to normal: the S&P500 c...
How It Works | About | Contact | Contributors | Privacy Policy | Advertise
© 2009 - 2021 ChatPips. All Rights Reserved. Terms of Use: The content on this website is solely for educational and informational purposes and is not a substitute for official documentation of the original owners. Daily economic news is provided by third-party website. This site is not operated by, sponsored by, endorsed by, or affiliated with any parties in any way. The website owner, the authors, the publishers, and all affiliates of ChatPips.com assume no responsibility or liability for your trading and investment results. You should always check and confirm with several sources with your licensed financial advisor and tax advisor to determine the suitability of any investment before making your final decision. Your continued usage and browsing of information on this website constitute your agreement to this Terms of Use. If you do not agree, please do not proceed to use this website. Brokers Directory: The companies license information were obtained from respective local jurisdiction. All other company and/or product names are trademarks and/or registered trademarks of their respective owners.