{"id":19466,"date":"2017-01-04T10:52:23","date_gmt":"2017-01-04T05:22:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19466"},"modified":"2017-01-04T10:52:23","modified_gmt":"2017-01-04T05:22:23","slug":"wednesday-4th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-4th-january-european-open-briefing\/","title":{"rendered":"Wednesday 4th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 2.25 %, Shanghai Composite gained 0.40 %, Hang Seng fell 0.25 %, ASX 200 lost 0.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1161 (-0.05 %), Silver at $16.42 (+0.10 %), WTI Oil at $52.75 (+0.80 %), Brent Oil at $55.90 (+0.75 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.47, UK 10-year yield at 1.31, German 10-year yield at 0.25\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data: <\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Nikkei Manufacturing PMI (Dec F): 52.4 (prev 51.9)\n\t<\/li>\n<li>\n\t\tWestpac China Consumer Sentiment (December): 116.6 (prior 114.9)\n\t<\/li>\n<li>\n\t\tSouth Korea Current Account 7.14bln (prev 6.01bln)\n\t<\/li>\n<li>\n\t\tChina considers options to support the yuan and curb outflows, BBG reports\n\t<\/li>\n<li>\n\t\tStrong dollar lifts Japan shares, crimps commodities &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices edge up on expectations of tightening supplies &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar edges back towards 14-year peak as U.S. debt yields rise &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar regained some strength following stronger than expected manufacturing data released yesterday. EUR\/USD fell to a fresh multi-year low at 1.0340 in New York, but was able to recover into the end of the trading day. In Asia, it traded within a 1.0390-1.0425 range.\n<\/p>\n<p>\n\tThe Pound remains under pressure as well, with on-going worries about a hard Brexit also weighing on the currency. It bounced off 1.22 support again, but it looks rather fragile given how weak the rallies are.\n<\/p>\n<p>\n\tUSD\/JPY had a sharp decline from 118.65 to 117.20 yesterday, after resistance proved to be too strong again. However, it rebound in Asia and rallied back above 118. Further gains seem likely.\n<\/p>\n<p>\n\tAUD and NZD were less volatile. AUD\/USD saw a decline back to 0.72, but is now again consolidating near the 0.7245 resistance level.&nbsp; The New Zealand Dollar fell from 0.6940 to 0.6890.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 GMT &#8211; Spanish Services PMI\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; FOMC Meeting Minutes\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; Australia AIG Service Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.25 %, Shanghai Composite gained 0.40 %, Hang Seng fell 0.25 %, ASX 200 lost 0.05 % Commodities: Gold at $1161 (-0.05 %), Silver at $16.42 (+0.10 %), WTI Oil at $52.75 (+0.80 %), Brent Oil at $55.90 (+0.75 %) Rates: US 10-year yield at 2.47, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-4th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 4th January: 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-19466","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\/19466","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=19466"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19466\/revisions"}],"predecessor-version":[{"id":19468,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19466\/revisions\/19468"}],"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=19466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}