{"id":19479,"date":"2017-01-05T11:01:50","date_gmt":"2017-01-05T05:31:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19479"},"modified":"2017-01-05T11:01:50","modified_gmt":"2017-01-05T05:31:50","slug":"thursday-5th-january-2017-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-january-2017-european-open-briefing\/","title":{"rendered":"Thursday 5th 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: Nikkei down 0.45 %, Shanghai Composite gained 0.10 %, Hang Seng rose 1.30 %, ASX 200 up 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1174 (+0.75 %), Silver at $16.65 (+0.55 %), WTI Oil at $53.20 (-0.20 %), Brent Oil at $56.30 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.42, UK 10-year yield at 1.34, German 10-year yield at 0.27\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 Services PMI (Dec): 53.4 (prev 53.1)\n\t<\/li>\n<li>\n\t\tChina Caixin Composite PMI (Dec): 53.5 (prev 52.9)\n\t<\/li>\n<li>\n\t\tAustralia AIG Services Index (Dec): 57.7 (prev 51.1)\n\t<\/li>\n<li>\n\t\tJapan Monetary Base (YoY) (Dec): 23.1% (est +22.30%, prev +21.50%)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Services PMI (Dec): 52.3 (est 51.5, prev 51.8)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI (Dec): 52.8 (prev 52)\n\t<\/li>\n<li>\n\t\tU.S. likely to designate S. Korea as currency manipulator along with China &#8211; Yonhap News\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan @ 6.9307 (prev fix 6.9498, prev close 6.9306)\n\t<\/li>\n<li>\n\t\tFed policymakers agree Trump fiscal boost poses inflation risk &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar eases off 14-year peak as market braces for Trump reality check &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsian stocks rise for eighth day on strong PMIs, Wall Street gains &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened after yesterday&#39;s release of the FOMC meeting minutes, which did not reveal much new information and led to profit-taking by USD longs. EUR\/USD broke above 1.05 in Asia and extended gains up to 1.0550, while GBP\/USD rallied to a high of 1.2348, up 150 pips from Tuesday&#39;s low.\n<\/p>\n<p>\n\tStrong Chinese and Japanese services PMI data boosted risk sentiment and led to a rally in Asian equities. Meanwhile, the Yen appreciated. USD\/JPY fell from 117.20 pre-FOMC to a low of 116.15 and support at 116.05 looks fragile now.\n<\/p>\n<p>\n\tAUD\/USD broke above 0.73 in Asia and NZD\/USD is consolidating around the 0.70 level.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 GMT &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Markit Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.45 %, Shanghai Composite gained 0.10 %, Hang Seng rose 1.30 %, ASX 200 up 0.35 % Commodities: Gold at $1174 (+0.75 %), Silver at $16.65 (+0.55 %), WTI Oil at $53.20 (-0.20 %), Brent Oil at $56.30 (-0.30 %) Rates: US 10-year yield at 2.42, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-january-2017-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th 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-19479","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\/19479","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=19479"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19479\/revisions"}],"predecessor-version":[{"id":19480,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19479\/revisions\/19480"}],"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=19479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}