{"id":23680,"date":"2017-11-07T11:26:19","date_gmt":"2017-11-07T05:56:19","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23680"},"modified":"2017-11-07T11:26:19","modified_gmt":"2017-11-07T05:56:19","slug":"tuesday-7th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-7th-november-european-open-briefing\/","title":{"rendered":"Tuesday 7th November: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 1.84 %, Shanghai Composite lost 0.47 %, Hang Seng rose 1.43 %, ASX 200 gained 1.02 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1279.54 (-0.17 %), Silver at $17.13 (-0.63 %), WTI Oil at $57.34 (-0.03 %), Brent Oil at $64.25 (-0.06 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.32, UK 10-year yield at 1.26, German 10-year yield at 0.33<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate <strong>1.50 % vs 1.50 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final Services PMI <strong>55.0 vs 54.9<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) PPI m\/m <strong>0.6 % vs 0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Ivey PMI <strong>63.8 vs 60.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) CPI m\/m <strong>0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian shares hit 10-year highs, oil slips after rally.<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asia pacific equity markets posted gains on Tuesday rallying to their highest in a decade following U.S. stocks closing at record levels on Monday. The US dollar slipped and bonds advanced as President Donald Trump tried to tackle trade on his Asia tour. A crackdown on corruption in Saudi Arabia sent oil soaring to its highest price in more than two years.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY is currently seen trading around 113.95 down from session lows of under 113.70. Overall the dollar added 0.2 percent against the yen on Tuesday but remained well below its eight-month high of 114.737 marked in the previous session. Backed by fresh foreign inflows, Japan&#39;s Nikkei 225 jumped 1.75 percent, touching its highest levels in 26 years earlier in the session<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was barely changed on Tuesday trading steadily within a 15 pip range. The EUR is currently valued at 1.1607 against the US Dollar. &nbsp;The lack of clarity on the progress of U.S. tax reform as well as leadership at the U.S. central bank clouded the dollar&rsquo;s outlook. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 94.78. The yield on 10-year Treasuries declined two basis point to 2.316 percent, the lowest in more than two weeks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD climbed to highs of 0.7700 earlier in the session but quickly dropped down to current levels of 0.7680. Overall the AUD gained 0.5 percent against the US Dollar. Australia&rsquo;s central bank held rates at record lows for a 14th straight policy meeting on Tuesday as expected. Australia&rsquo;s 10-year yield rose one basis point to 2.58 percent. NZDUSD is currently seen trading around 0.6930, the Kiwi had jumped as much as 0.7 percent on Monday against the USD.<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (EUR) ECOFIN Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &ndash; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:35 GMT &ndash; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:35 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:35 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.84 %, Shanghai Composite lost 0.47 %, Hang Seng rose 1.43 %, ASX 200 gained 1.02 % Commodities: Gold at $1279.54 (-0.17 %), Silver at $17.13 (-0.63 %), WTI Oil at $57.34 (-0.03 %), Brent Oil at $64.25 (-0.06 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-7th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 7th November: 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-23680","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\/23680","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=23680"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23680\/revisions"}],"predecessor-version":[{"id":23681,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23680\/revisions\/23681"}],"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=23680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}