{"id":19450,"date":"2017-01-03T10:57:04","date_gmt":"2017-01-03T05:27:04","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19450"},"modified":"2017-01-03T10:57:04","modified_gmt":"2017-01-03T05:27:04","slug":"tuesday-3rd-january-2017-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-3rd-january-2017-european-open-briefing\/","title":{"rendered":"Tuesday 3rd January 2017: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Shanghai Composite gained 0.70 %, Hang Seng rose 0.65 %, ASX 200 rallied 1.10 %, Nikkei closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1158 (+0.55 %), Silver at $16.15 (+1.00 %), WTI Oil at $54.10 (+0.65 %), Brent Oil at $57.20 (+0.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 0.19, UK 10-year yield at 1.24, German 10-year yield at 0.19\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data: <\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Caixin Mfg PMI (Dec): 51.9 (est 50.7, prev 50.9)\n\t<\/li>\n<li>\n\t\tAustralia AIG Manufacturing PMI (Dec): 55.4 (est 52.2, prev 54.2)\n\t<\/li>\n<li>\n\t\tAustralia House Price Index MoM (Dec): 1.4% (prev 0.2%)\n\t<\/li>\n<li>\n\t\tSingapore GDP (YoY) Q4 P: 1.8% (est 0.60%, prev rev 1.20%)\n\t<\/li>\n<li>\n\t\tSingapore GDP (QoQ) Q4 P: 9.1% (est 3.70%, prev rev -1.90%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan @ 6.9498 (prev fix 6.9370, prev close 6.9467)\n\t<\/li>\n<li>\n\t\tChina economy is expected to grow around 6.5% in 2017 &#8212; Sec News\n\t<\/li>\n<li>\n\t\tAsia stocks edge up in positive start to 2017, dollar resumes climb &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices rise as markets eye OPEC, non-OPEC production cuts &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar holds firm, upbeat China data lifts Aussie &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina&#39;s economy could grow 6.5 percent in 2017; devaluation could stabilize yuan: think tank &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar retraced some of its gains from yesterday and the commodity currencies rallied, amid an improvement in risk appetite. In Asia, all the major stock indices are up on the day, led by Australia&#39;s ASX 200, which gained more than 1 %.\n<\/p>\n<p>\n\tEUR\/USD rose from 1.0450 to 1.0490, and GBP\/USD from 1.2270 to 1.2305 as the risk-on sentiment brought the Dollar under pressure. This was more noticeable in the commodity currencies, as AUD\/USD rallied from 0.7180 to 0.7235 (+0.70 %) and NZD\/USD from 0.6920 to 0.6975 (+0.75 %).\n<\/p>\n<p>\n\tOil prices rose as well, as the major oil producing countries have started to cut their output. Precious metals rallied in Asia, with Gold reaching $1158 (from a low of $1149) and Silver breaking back above the $16.00 level.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Markit Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite gained 0.70 %, Hang Seng rose 0.65 %, ASX 200 rallied 1.10 %, Nikkei closed for holiday Commodities: Gold at $1158 (+0.55 %), Silver at $16.15 (+1.00 %), WTI Oil at $54.10 (+0.65 %), Brent Oil at $57.20 (+0.60 %) Rates: US 10-year yield at 0.19, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-3rd-january-2017-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 3rd January 2017: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=19450"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19450\/revisions"}],"predecessor-version":[{"id":19451,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19450\/revisions\/19451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=19450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}