Monday 4th January: Asian markets mixed ahead of busy week after New Year holidays

04 Jan 2021

Global Markets:

  • Asian Stock Markets : Nikkei down 0.68%, Shanghai Composite up 0.86%, Hang Seng up 0.82%, ASX up 1.47%
  • Commodities : Gold at $1928.70 (+1.77%), Silver at $27.30 (+3.37%), Brent Oil at $52.92 (+2.16%), WTI Oil at $49.48 (+1.98%)
  • Rates : US 10-year yield at 0.942, UK 10-year yield at 0.192, Germany 10-year yield at -0.574

Markets Update:

Asian stocks were mixed on Monday, with renewed concerns about the spread of the coronavirus keeping underlying sentiment cautious ahead of a busy week on the economic calendar.

Minutes of the Federal Reserve’s December meeting will be released on Wednesday as investors look for fresh guidance on its asset purchases. A raft of manufacturing and service surveys across the globe as well as the closely-watched U.S. December payroll report may provide further clues on the pace of economic recovery.

Mainland Chinese stocks rose on the day: The Shanghai composite gained 0.9% while the Shenzhen component soared 2.5%. Japanese shares lagged the broader gains in the region, as the Nikkei 225 dipped 0.7% while the Topix index shed 0.6%. This comes after Japanese Prime Minister Yoshihide Suga said he would consider declaring a fresh state of emergency in the Tokyo area to stem record numbers of COVID-19 cases in the country over the past few days. Stocks in Australia rose, with the S&P/ASX 200 up 1.5%.

The Federal Reserve will also release the minutes from its December meeting on Wednesday. The minutes are expected to offer more detail on the discussions about making their forward policy guidance more explicit and the chance of a further increase in asset buying in 2021.

Oil prices extended their rise after a couple of months of solid gains, with Brent testing resistance around $52.50 a barrel. The dollar index was last at 89.704, not far from its recent 2-1/2-year low of 89.515 having shed almost 7% in 2020.

Upcoming Events:

Monday, January 04, 2021

  • 03:00 PM GMT – (GBP) Final Manufacturing PMI
  • 03:00 PM GMT – (All) OPEC-JMMC Meetings
  • 08:00 PM GMT – (CAD) Manufacturing PMI

Tuesday, January 05, 2021

  • 08:30 PM GMT – (USD) ISM Manufacturing PMI

Wednesday, January 06, 2021

  • 06:45 PM GMT – (USD) ADP Non-Farm Employment Change
  • 07:30 PM GMT – (GBP) BOE Gov Bailey Speaks

Thursday, January 07, 2021

  • 12:30 AM GMT – (USD) FOMC Meeting Minutes
  • 07:00 PM GMT – (USD) Unemployment Claims
  • 08:30 PM GMT – (CAD) Ivey PMI
  • 08:30 PM GMT – (USD) ISM Services PMI

Friday, January 08, 2021

  • 07:00 PM GMT – (CAD) Employment Change
  • 07:00 PM GMT – (CAD) Unemployment Rate
  • 07:00 PM GMT – (USD) Average Hourly Earnings m/m
  • 07:00 PM GMT – (USD) Non-Farm Employment Change
  • 07:00 PM GMT – (USD) Unemployment Rate


© IC Markets

Ex Dividend 05/01/2021
CKGSB Partners on Penn Wharton China Summit and La...

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


Broker Search

Latest Spot Rate

27 January 2021
US data, Italian politics - MarketPulseMarketPulse Home/Central banks/COVID-19/News events/Newsfeed/Treasuries Share 0 Markets expect dovish signal from Fed The Fed’s first policy meeting of the year should be a dovish affirmation that signals they a...
27 January 2021
Earnings galore! - MarketPulseMarketPulse Home/COVID-19/Earnings season/News events/Newsfeed Share 0 Tech earning  in spotlight Today is the calm before a tech earnings storm and an FOMC policy decision that attempts to avoid any communication mistak...
27 January 2021
Japanese yen - MarketPulseMarketPulse Home/Central banks/COVID-19/FX/News events/Newsfeed Share 0 The Japanese yen continues to range-trade early in the week. Currently, USD/JPY is trading at 103.67, down 0.06% on the day. BoJ minutes note concern ov...
27 January 2021
HONG KONG, Jan. 27, 2021 /PRNewswire/ -- At a pivotal point in China-US relations, in the midst of COVID-19, and days following the inauguration of President Joe Biden, the United States and China are facing profound changes in their relationship and...
26 January 2021
Australian inflation, FOMC eyed - MarketPulseMarketPulse Home/Central banks/FX/News events/Newsfeed/Technical analysis Share 0 The Australian dollar has posted modest gains in the Tuesday session. Currently, AUD/USD is trading at 0.7729, up 0.21% on ...
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.