SHANGHAI (Reuters) – Asian shares have changed between small losses and benefits on Friday while investors are awaiting key Chinese trade and loan data, and because of concerns over trade tensions -US refuses to hope based on expectations of a Federal Reserve rate cut this month. .
FILE PHOTO: Passerbys came out on an electric screen showing Asian market indices outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS / Issei Kato
Later on Friday, China's June trade data, which relies on analysts. exports have fallen as a global weakening demand and a tremendous footing in US tariffs has had a sharper reduction in the world's largest trading partner.
China is also due to release of lending data on Friday, while the second quarter GDP figure is scheduled for Monday. The world's second-largest economy is expected to slow at its worst pace for at least 27 years, increasing expectations for even more stimulus to drive a slower slowdown. "You have key data coming out, and I can not see why anyone wants to take a position until you get that data," says Michael Every, head of Asia-Pacific finance research at Rabobank at Hong Kong.
"We have a hell of a lot of signals coming through, but until we get the signal, it's noise," he said.
Asia's largest MSCI index of shares outside of Japan. EMAAPJ0000PUS will last up to 0.1%. Chinese shares increased, with CSI300. CSI300 adds 0.7%.
Australia's share dropped 0.1% and Japan's Nikkei stock index. The N225 has been higher after small losses, which adds 0.14%.
KOSPI of South Korea. KS11 reached 0.37%.
Increasingly the impact of the economic impact of the global trade curve, Singapore's economy grew at the fastest pace in a decade in the second part of manufacturing electronics manufacturing declined for the sixth consecutive month in May, and since exports have seen their biggest drop in more than three years.
In the midst of a global slowdown, US Federal Reserve chairman Jerome Powell said Thursday it was likely to cut rates at the next Fed meeting.
The stakes for such deductions remained strong despite the US consumer inflation increase in June, and helped push the S & P 500 index on Thursday by 0.23% to finish in a record closing high 2,999.91 points.
While the Nasdaq Composite, IXIC has fallen by 0.08%, the Dow Jones Industrial Average. The DJI also made a mistake of a record high of 27,088.08 points, increasing by 0.85% in the day.
S & P 500's e-mini futures ESc1 lasted 0.24% to 3,011.25.
But a tweet by United States President Donald Trump on Thursday said that China did not live up to promises made to purchase agricultural products from American farmers who are at risk again live trade concerns.
"The markets have had a bit of calm ground in the US-China war saga since the announcement of a temporary arrest and re-start of trade talks at the G20 meeting. Unfortunately, the headlines are reunited starting out, "ANZ analyst wrote on the morning note.
"Although it is not a huge force walking, it serves as a reminder that things can be fired again," they said.
CITY OF CITY CITY
U.S. Treasury's revenue fell on Thursday after demand was weak for a $ 16 billion 30-year bond auction and after the US Labor Department, its consumer price index, which excludes food and energy increased by 0.3% in June, the biggest increase since January 2018.
The poorly received auction pushed the 30-year yield higher at 2.672% on Thursday, according to Refinitiv data.
But the goods were little changed on Friday. The benchmark 10-year Treasury note US10YT = RR last yielded 2.1291%, up from a U.S. close by 2.12% on Thursday, while the 30-year yield touches 2.664%, up from a close 2.639%.
The two-year yield US2YT = RR, which increases the expectations of traders of higher Fed funds, is flat at 1.8524%. "The CPI report does not have material effect on the Fed's guidance or has a significant influence on the Fed's good debate around 25 or 50," says Stephen Innes, overseer at Vanguard Markets Pte, referring to expectations of the size of a July month cut. "After all, the FOMC is undoubtedly allowing inflation to run hotter after spending a better part of a decade trying to ignite fires," he said.
The dollar fell 0.05% against the yen to 108.43 JPY =, while the euro EUR = gained 0.12% higher to buy $ 1.1265.
The dollar index. DXY, which tracks the greenback against a basket of six major rivals, dropped 0.08% to 96.970.
Oil prices were taken while U.S. oil producers in the Gulf of Mexico was cut by output more than half, in the face of a tropical storm and as tensions in the Middle East remained.
Global benchmark Brent Crude LCOc1 earned 0.60% to $ 66.92 per barrel. The U.S. West Texas Intermediate (WTI) crude CLc1 reaches 0.58% to $ 60.55 a barrel.
Gold prices, which are more than anxious over expected data on US consumer lifts, have recovered their brilliance thanks to renewed trade concerns and cut rates expectations . Spot gold XAU = last traded up 0.28% to $ 1,407.60 per ounce.
Reporting by Andrew Galbraith; Editing by Shri Navaratnam and Richard Borsuk