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Asian markets were mixed amid reports of delays in the trade deal

2019-11-07 06:50 am | Resource: News | No Views : 22

 Asian markets were mixed amid reports of delays in the trade deal

Asian markets fell on Thursday amid possible delays in signing the US-China trade deal. President Donald Trump's meeting with Chinese President Xi Jinping to sign an interim trade deal may be delayed until December when the two countries settle at the exact time and place, reports said Wednesday.

Australia's trade surplus was $ 7.180 billion in September

On the data front, the Australian Bureau of Statistics announced on Thursday a seasonal merchandise trade surplus of A $ 7.180 billion in September, up 9% month-on-month.
  • This surpassed expectations of a surplus of A $ 5.050 billion after an upwardly revised A $ 6.617 billion surplus in August (originally A $ 5.926 billion).
  • Exports rose A $ 1.452 billion, or 3.0 percent, month-on-month to A $ 43.215 billion.
  • Non-rural commodities rose A $ 586 million (2 per cent) and non-cash gold rose A $ 558 million (26 per cent)
  • Rural goods rose A $ 240 million (6 per cent). Net merchandise exports under traders remained flat at A $ 15 million. Service provisions increased A $ 69 million (1 per cent).
  • Imports rose A $ 889 million, or 3.0 per cent month-on-month, to A $ 36.034 billion.
  • Capital goods rose A $ 702 million (12 per cent), intermediate and other goods rose A $ 474 million (4 per cent)

The Australian Construction PMI rises to 43.9

The latest survey by the Australian Industry Group on Thursday continued to decline in Australia's construction sector in October, albeit at a slightly slower pace, with a revised construction index of 43.9.

This rose from 42.6 in September, although it remains well below the 50-bust or bust line that separates expansion and contraction individually. To expand. Construction of houses, construction of apartments, engineering construction and commercial construction, all remained underwater.

Asian shares trading
  • The Nikkei 225 fell 0.08% at 4:44 CET. In mainland China
  • The Shenzhen Composite rose 0.10% at 4:36 am CET
  • The Shanghai Composite fell 0.30% at 4:30 am CET.
  • South Korea's Kospi fell 0.12% at 4:47 am CET
  • Australia's S&P / ASX 200 rose 0.86% at 4:47 am CET.

The dollar fell against the yen and traded at 108.6670 or 0.26% at 4:49 CET.

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