{"id":23698,"date":"2017-11-08T12:05:01","date_gmt":"2017-11-08T06:35:01","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23698"},"modified":"2017-11-08T12:06:51","modified_gmt":"2017-11-08T06:36:51","slug":"wednesday-8th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-8th-november-european-open-briefing\/","title":{"rendered":"Wednesday 8th 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 down 0.11 %, Shanghai Composite lost 0.04%, Hang Seng down 0.05 %, ASX 200 gained 0.03 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1277.22 (0.10 %), Silver at $16.99 (0.33 %), WTI Oil at $56.84 (-0.63 %), Brent Oil at $63.34 (-0.55 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.31, UK 10-year yield at 1.23, German 10-year yield at 0.31<\/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;\">(CNY) Trade Balance <strong>254 B vs 275 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index <strong>-3.5 % vs -1.0 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Halifax HPI m\/m <strong>0.3 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) German Industrial Production m\/m <strong>-1.6 % vs -0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Retail PMI <strong>51.1 vs 52.3<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Retail Sales m\/m <strong>0.7 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) JOLTS Job Openings <strong>6.09 M vs 5.98 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil dips on falling Chinese crude imports; overall market still well supported- RTRS<\/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 were mixed early on Wednesday, following Wall Street&#39;s narrowly mixed close in the last session. Investors in the region digested data showing China&rsquo;s demand for imports remained buoyant and kept an eye on President Donald Trump&#39;s tour of Asia. The dollar strengthened and Treasuries nudged higher as investors turned their attention to fiscal policy<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 113.90 up from session lows of under 113.65. Overall the Yen gained 0.2 percent against the US Dollar on Wednesday. Japan&#39;s Nikkei 225 is currently down 0.10 percent a<\/span>s the Yen rebounded against the U.S Dollar,&nbsp;<span style=\"font-size:14px;\">a day after the benchmark index hit a 26-year high.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD had touched a nearly four-month low of 1.1552 yesterday in the wake of disappointing German industrial data. Currently the EUR is seen valued at 1.1586 against the US Dollar down from session highs of 1.6050. Overall the EUR is down 0.2 percent against the USD. &nbsp;The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 94.92. &nbsp;The yield on 10-year Treasuries slid less than one basis point to 2.313 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD reached as high as 0.7659 earlier in the session on back of a weaker dollar but have since given back and is currently seen trading around 0.7645 as the China October trade data was below expectations. Similar to the Aussie, the kiwi rose as high as 0.6919 against the US Dollar but has since given up its profits and the NZDUSD is currently seen trading around 0.6922.<\/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;\">13:30 GMT &ndash; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) Official Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Press Conference<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.11 %, Shanghai Composite lost 0.04%, Hang Seng down 0.05 %, ASX 200 gained 0.03 % Commodities: Gold at $1277.22 (0.10 %), Silver at $16.99 (0.33 %), WTI Oil at $56.84 (-0.63 %), Brent Oil at $63.34 (-0.55 %) Rates: US 10-year yield at 2.31, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-8th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 8th 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-23698","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\/23698","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=23698"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23698\/revisions"}],"predecessor-version":[{"id":23701,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23698\/revisions\/23701"}],"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=23698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}