Crisis? What Crisis?

UPDATE 10-Oil slumps 7 pct as equities slide fuels demand worries

By CMC Markets (Michael McCarthy)Market OverviewJul 13, 2018 10:25

au.investing.com/analysis/crisis-what-crisis-200198284

Crisis? What Crisis?

By CMC Markets (Michael McCarthy) | Jul 13, 2018 10:25

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Originally published by CMC Markets

Global markets are responding to the unfolding trade dispute in a surprisingly robust manner. The overnight market action showed conflicting and contradictory trading patterns across asset classes that may be resolved in a surge in volatility. Asia Pacific markets are set for gains while the air of unreality lingers.

European bond market curves flattened overnight in a typical lower growth, lower inflation move. US bonds were unchanged after CPI data showed a lift in inflation. However shares surged in Europe and the US and industrial metals rallied as investors favoured higher growth exposures. The tech heavy Nasdaq outperformed. The differing reactions are not sustainable and markets could be vulnerable to sharp changes in direction.

China trade data today may act as a catalyst if it reminds investors of the potential negative impact of the recently announced trade barriers. The rally over the past twenty four hours was led by strong gains in Shanghai and Hong Kong, and these markets may once again determine the short term direction for global markets.

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Central Banks

Interest Rates

Next Meeting

RBA

1.50%

Dec 04, 2018

BOE

0.75%

Dec 20, 2018

ECB

0.00%

Dec 13, 2018

FED

2.25%

Dec 19, 2018

SNB

-0.75%

Dec 13, 2018

BOC

1.75%

Dec 05, 2018

RBNZ

1.75%

Feb 13, 2019

BOJ

-0.10%

Dec 20, 2018

CBR

7.50%

Dec 14, 2018

RBI

6.50%

Dec 05, 2018

PBOC

4.35%

BCB

6.50%

Dec 12, 2018

S&P/ASX 200	5,671.80	-21.90	-0.38%
ASX 200 Futures	5,620.0	-52.0	-0.92%
ASX All Ordinaries	5,759.20	-27.20	-0.47%
S&P 500 Futures	2,647.25	-49.00	-1.82%
Dow 30	24,484.76	-532.68	-2.13%
China A50 Futures	10,956.5	-393.5	-3.47%
US Dollar Index	96.72	+0.65	+0.68%
Bitcoin Futures	4,475.0	-245.0	-5.19%

Crude Oil WTI	53.30	-3.90	-6.82%
Natural Gas	4.589	-0.111	-2.36%
Gold	1,221.30	-4.00	-0.33%
Silver	14.275	-0.128	-0.89%
Copper	2.754	-0.045	-1.61%
US Sugar #11	12.47	-0.33	-2.58%
US Coffee C	114.90	+2.55	+2.27%
Aluminium	1,943.25	+13.75	+0.71%

AUD/USD	0.7219	-0.0075	-1.03%
EUR/USD	1.1367	-0.0087	-0.76%
USD/JPY	112.76	+0.20	+0.18%
GBP/USD	1.2784	-0.0072	-0.56%
GBP/JPY	144.17	-0.45	-0.31%
AUD/JPY	81.41	-0.69	-0.84%
USD/CAD	1.3315	+0.0144	+1.09%
GBP/AUD	1.7707	+0.0092	+0.52%

BTC/USD	4,669.0	-482.7	-9.37%
ETH/USD	140.11	-17.80	-11.27%
IOT/USD	0.31536	-0.05464	-14.77%
LTC/USD	33.540	-2.820	-7.76%
BTC/AUD	5,571.9	-906.3	-13.99%
BCH/USD	250.00	-197.34	-44.11%
MCO/USD	4.4268	-0.0000	-0.00%
XRP/USD	0.45456	-0.04824	-9.59%

Crisis? What Crisis?

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