{"id":23802,"date":"2017-11-15T12:22:40","date_gmt":"2017-11-15T06:52:40","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23802"},"modified":"2017-11-15T12:22:40","modified_gmt":"2017-11-15T06:52:40","slug":"wednesday-15th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-15th-november-european-open-briefing\/","title":{"rendered":"Wednesday 15th 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 1.51 %, Shanghai Composite fell 0.75 %, Hang Seng lost 0.65 %, ASX 200 down 0.58 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1281.27 (-0.15 %), Silver at $17.03 (-0.23 %), WTI Oil at $55.05 (-1.17 %), Brent Oil at $61.39 (-1.32%)<\/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 1.31, German 10-year yield at 0.39<\/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) Wage Price Index q\/q <strong>0.5 % vs 0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m <strong>0.4 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core PPI m\/m <strong>0.4 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash GDP q\/q <strong>0.6 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German ZEW Economic Sentiment <strong>18.7 vs 19.8<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CPI y\/y <strong>3.0 % vs 3.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) PPI m\/m <strong>0.5 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim GDP q\/q <strong>0.8 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices slide after IEA casts doubt over demand outlook<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stocks skid as oil woes sap sentiment; euro stands tall- 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 continued their decline on Wednesday following the Weakness overnight in Europe and the U.S. investors continued to assess October&rsquo;s surge and commodity prices fell further amid signs of an oversupply. Investors also remained sceptical over the uncertainty about U.S. tax reform<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY is currently seen trading around 113.15 down from session highs of around 11.50, overall the Yen gained over 0.2 percent against the US Dollar. The Nikkei Stock Average is down 1.5% and is now facing a sixth straight decline, something it hasn&rsquo;t done since May 2016. Factors behind today&rsquo;s drop included a stronger yen and fresh weakness in oil prices<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD maintained a very small range early on Wednesday around 1.1794 after the EUR surged 1.1 percent against the US Dollar on strong growth in Germany and Italy. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 93.82 after touching the lowest in almost three weeks on Tuesday. &nbsp;The yield on 10-year Treasuries fell more than one basis point to 2.36 percent, extending a drop on Tuesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD saw some action today as the AUD dropped close to 0.7 percent against the USD falling to lows of 0.7575 as the index of wage prices rose less than expected in the third quarter. Currently the AUDUSD is seen trading around 0.7590. Australia&rsquo;s 10-year yield slid more than six basis points to 2.59 percent after the wages data. Meanwhile, the Kiwi had a rather quiet session and is currently seen trading around 0.6870 against the US Dollar.<\/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;\">07:00 GMT &ndash; (AUD) RBA Assist Gov Ellis Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (USD) FOMC Member Evans Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Retail Sales 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;\">&amp; <a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.51 %, Shanghai Composite fell 0.75 %, Hang Seng lost 0.65 %, ASX 200 down 0.58 % Commodities: Gold at $1281.27 (-0.15 %), Silver at $17.03 (-0.23 %), WTI Oil at $55.05 (-1.17 %), Brent Oil at $61.39 (-1.32%) Rates: US 10-year yield at 2.35, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-15th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 15th 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-23802","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\/23802","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=23802"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23802\/revisions"}],"predecessor-version":[{"id":23803,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23802\/revisions\/23803"}],"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=23802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}