Asia shares mixed, China cuts rates as data disappoints



* Asian stock markets : Link

* Nikkei edges up, S&P 500 futures dip

* PBOC cuts key rates, China data badly miss forecasts

* Eyes on Fed minutes, U.S. retail sales, earnings

By Wayne Cole

SYDNEY, Aug 15 (Reuters) - Asian shares were mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts and underlined the need for more stimulus to support the world's second largest economy.

Retail sales and industrial output both rose by less than expected in July, adding to a disappointing reading on new bank lending.

The cut in rates helped cushion the blow a little and left Chinese blue chips .CSI300 steady, while the yuan and bond yields slipped.

"These are further signs that the post-Shanghai lockdown growth bounce is weakening rapidly," said Alvin Tan, a strategist at RBC. "Monetary policy is losing traction except possibly for the exchange rate with exports being the one bright spot in the economy."

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat, having bounced 0.9% last week.

Japan's Nikkei .N225 rose 1.1% as data showed the economy grew an annualised 2.2% in the second quarter, just a touch under estimates.

Investors remain anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week.

"The FOMC Minutes on Wednesday should reinforce the hawkish tones from recent Fed speakers of being nowhere near being done on rates and inflation," warned Tapas Strickland, a director of economics at NAB.

Markets are still implying around a 50% chance the Fed will hike by 75 basis points in September and that rates will rise to around 3.50-3.75% by the end of the year. FEDWATCH

Hopes for a soft economic landing will also get a health check from U.S. retail sales data that are expected to show a sharp slowdown in spending in July.

There is also a risk earnings from major retailers, including Walmart WMT.N and Target TGT.N , could be laced with warnings about a downturn in demand.

Geopolitical risks remain high with a delegation of U.S. lawmakers in Taiwan for a two-day trip.

EUROSTOXX 50 futures STXEc1 added 0.4% and FTSE futures FFIc1 rose 0.5%. S&P 500 futures ESc1 and Nasdaq futures NQc1 were both down around 0.2% after last week's gains.

However, the S&P index is almost 17% above its mid-June lows and only 11% from all-time highs amid bets the worst of inflation is past, at least in the United States.

PEAK INFLATION

"The leading indicators we observe provide support for moderation with easing supply pressures, weakening demand, collapsing money supply, declining prices and falling expectations," said analysts at BofA.

"Key components of headline inflation, including food and energy are also at an inflection point. Both Wall Street and Main Street now expect inflation to moderate."

The bond market still seems to doubt the Fed can manufacture a soft landing, with the yield curve still deeply inverted. Two-year yields US2YT=RR at 3.26% are 42 basis points above those for 10-year notes US10YT=RR .

Those yields have underpinned the U.S. dollar, though it did slip 0.8% against a basket of currencies =USD last week as risk sentiment improved.

The euro was holding at $1.0249 EUR=EBS , having bounced 0.8% last week, though it shied away from resistance around $1.0368. Against the yen, the dollar steadied at 133.23 JPY=EBS after losing 1% last week.

"Our sense remains that the dollar rally will resume before too long," argued Jonas Goltermann, a senior economist at Capital Economics.

"It will take a lot more good news on inflation before the Fed changes tack. The minutes from the last FOMC meeting and the Jackson Hole conference may well push back further against the notion that the Fed is 'pivoting'."

The pullback in the dollar provided something of a reprieve for gold which was holding around $1,794 an ounce XAU= , having gained 1% last week.

Oil prices eased as China's disappointing data added to worries about global demand for fuel.

The head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week.

Brent LCOc1 slipped 99 cents to $97.16, while U.S. crude CLc1 fell 89 cents to $91.20 per barrel.



Asia stock markets Link
Asia-Pacific valuations Link



Reporting by Wayne Cole; Editing by Sam Holmes and Raju
Gopalakrishnan



إخلاء المسؤولية: تتيح كيانات XM Group خدمة تنفيذية فقط والدخول إلى منصة تداولنا عبر الإنترنت، مما يسمح للشخص بمشاهدة و/أو استخدام المحتوى المتاح على موقع الويب أو عن طريقه، وهذا المحتوى لا يراد به التغيير أو التوسع عن ذلك. يخضع هذا الدخول والاستخدام دائماً لما يلي: (1) الشروط والأحكام؛ (2) تحذيرات المخاطر؛ (3) إخلاء المسؤولية الكامل. لذلك يُقدم هذا المحتوى على أنه ليس أكثر من معلومات عامة. تحديداً، يرجى الانتباه إلى أن المحتوى المتاح على منصة تداولنا عبر الإنترنت ليس طلباً أو عرضاً لدخول أي معاملات في الأسواق المالية. التداول في أي سوق مالي به مخاطرة عالية برأس مالك.

جميع المواد المنشورة على منصة تداولنا مخصصة للأغراض التعليمية/المعلوماتية فقط ولا تحتوي - ولا ينبغي اعتبار أنها تحتوي - على نصائح أو توصيات مالية أو ضريبية أو تجارية، أو سجلاً لأسعار تداولنا، أو عرضاً أو طلباً لأي معاملة في أي صكوك مالية أو عروض ترويجية مالية لا داعي لها.

أي محتوى تابع للغير بالإضافة إلى المحتوى الذي أعدته XM، مثل الآراء، والأخبار، والأبحاث، والتحليلات والأسعار وغيرها من المعلومات أو روابط مواقع تابعة للغير وواردة في هذا الموقع تُقدم لك "كما هي"، كتعليق عام على السوق ولا تعتبر نصيحة استثمارية. يجب ألا يُفسر أي محتوى على أنه بحث استثماري، وأن تلاحظ وتقبل أن المحتوى غير مُعدٍ وفقاً للمتطلبات القانونية المصممة لتعزيز استقلالية البحث الاستثماري، وبالتالي، فهو بمثابة تواصل تسويقي بموجب القوانين واللوائح ذات الصلة. فضلاً تأكد من أنك قد قرأت وفهمت الإخطار بالبحوث الاستثمارية غير المستقلة والتحذير من مخاطر المعلومات السابقة، والذي يمكنك الاطلاع عليه هنا.

نحن نستخدم ملفات الكوكيز لنمنحك أفضل تجربة على موقعنا. يمكنك قراءة المزيد أو تغيير إعدادات الكوكيز.

تحذير المخاطر: رأس مالك في خطر. المنتجات التي تستخدم الرافعة قد لا تكون مناسبة للجميع. يرجى الاطلاع على تنبيه المخاطر.