Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Stocks Wallow In Post-Payrolls Gloom

By MarketPulse (Andrew Robinson)Market OverviewJan 13, 2020 01:01AM ET
www.investing.com/analysis/stocks-wallow-in-postpayrolls-gloom-200498173
Stocks Wallow In Post-Payrolls Gloom
By MarketPulse (Andrew Robinson)   |  Jan 13, 2020 01:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Equities trade lower

The mood in Asia this morning was an extension of the U.S. close on Friday, with equity markets and the U.S. dollar extending declines. U.S. indices slid between 0.27% and 0.46%, with the US30 index under-performing. Onshore Japanese markets were closed for a public holiday but futures markets were also lower. The surprise was the HK33 index which traded marginally in the black, despite reports of an anti-communist protest building.

Currencies less affected

Currency markets were mixed in Asia, shrugging off the lackluster U.S. payrolls report. The Australian dollar outperformed, rising 0.28% versus the U.S. dollar and 0.39% versus the Japanese yen. AUD/USD is now trading at the highest level in almost a week while AUD/JPY has reached levels not seen since January 3.

AUD/USD Daily Chart

AUD/USD Daily Chart
AUD/USD Daily Chart

Steady China growth expected

With China’s fourth quarter GDP growth numbers due on Friday, local press is full of rumors and speculation (and possible leaks) about how strong the expansion will be. The China Daily reported that think tank CASS sees 6% growth for the full year 2020 while the China Securities Journal stated that another think tank also reckoned the economy would expand by 6% this year.

Meanwhile, news agency Xinhua reported that GDP growth in Beijing was 6.1%-6.2% in 2019, down from 6.6% in 2018. The latest Bloomberg survey has a median estimate of 6.0% growth for Q4 with a range of 5.9% to 6.3%. Q3 growth was 6.0% y/y.

UK production data on tap

The data calendar is very Europe-centric, with UK manufacturing and industrial production data the main event. Industrial production probably declined 0.2% m/m in November, according to the latest survey of economists, negating the 0.1% expansion seen in October. November’s goods trade deficit is expected to narrow to £11.6 billion from £14.5 billion in October.

The North American session has only Canada’s BOC business outlook survey to monitor.

Original Post

Stocks Wallow In Post-Payrolls Gloom
 

Related Articles

Stocks Wallow In Post-Payrolls Gloom

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Lake Lot
Lake Lot Jan 13, 2020 4:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bad news , author should br fired . Better yet , shot
James Pattison
James Pattison Jan 13, 2020 1:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Seems like all asian markets are pretty much all up... so sweet article numb nutz
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email