{"id":23746,"date":"2017-11-10T12:18:10","date_gmt":"2017-11-10T06:48:10","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23746"},"modified":"2017-11-10T12:18:10","modified_gmt":"2017-11-10T06:48:10","slug":"friday-10th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-10th-november-european-open-briefing\/","title":{"rendered":"Friday 10th 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 0.87 %, Shanghai Composite up 0.31 %, Hang Seng up 0.03 %, ASX 200 lost 0.33 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1285.70 (-0.14 %), Silver at $17.01 (0.24 %), WTI Oil at $57.09 (-0.14 %), Brent Oil at $63.81 (-0.19 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.35, UK 10-year yield at 1.26, German 10-year yield at 0.38<\/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;\">(JPY) Tertiary Industry Activity m\/m <strong>-0.2 % vs -0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>239 K vs 232 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage <strong>15 B vs 15 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) NHPI m\/m <strong>0.2 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Trade Balance <strong>21.8 B vs 21.0 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Unemployment Rate <strong>3.1 % vs 3.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stocks slip as U.S. tax doubts snap global winning streak<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China lifts foreign ownership limits on financial firms &#8211; 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 declined under selling pressure on Friday following overnight weakness on Wall Street after Senate Republicans unveiled their tax reform plan on Thursday which differed from House of Representatives&rsquo; version in several key areas.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY traded in a small range between 113.25 to 113.50, currently the US Dollar is valued at 113.40 against the Yen, as the JPY is heading for an overall weekly gain. The Nikkei Stock Average&nbsp;was down 1.4% early on Friday adding to Thursday&rsquo;s declines, following the market&rsquo;s recent strong run that saw the index close at a 25-year high on Wednesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD had a rather quiet session on Friday trading in a tight around 1.1645. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 94.47. &nbsp;The 10-year U.S. Treasuries yield also briefly fell, though it came back to 2.35 percent, pressured by this week&rsquo;s government and corporate debt supply.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">NZDUSD had an active session early on Friday. The kiwi fell 0.2 percent against the US Dollar and is currently valued at 69.40 as the New Zealand Finance Minister Grant Robertson saying the new RBNZ mandata addition could mean looser policy in some circumstances. The AUDUSD is currently seen trading at 0.7687 after falling to lows of 0.7665 earlier in the session following Reserve Bank of Australia November Statement on Monetary Policy<\/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; (USD) Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) RBA Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.87 %, Shanghai Composite up 0.31 %, Hang Seng up 0.03 %, ASX 200 lost 0.33 % Commodities: Gold at $1285.70 (-0.14 %), Silver at $17.01 (0.24 %), WTI Oil at $57.09 (-0.14 %), Brent Oil at $63.81 (-0.19 %) Rates: US 10-year yield at 2.35, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-10th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 10th 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-23746","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\/23746","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=23746"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23746\/revisions"}],"predecessor-version":[{"id":23747,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23746\/revisions\/23747"}],"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=23746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}