{"id":23879,"date":"2017-11-21T12:06:29","date_gmt":"2017-11-21T06:36:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23879"},"modified":"2017-11-21T12:08:34","modified_gmt":"2017-11-21T06:38:34","slug":"tuesday-21st-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-21st-november-european-open-briefing\/","title":{"rendered":"Tuesday 21st 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 0.73 %, Shanghai Composite rose 0.54 %, Hang Seng climbed 1.18 %, ASX 200 up 0.30 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1280.76 (0.45 %), Silver at $16.97 (0.80 %), WTI Oil at $56.44 (0.04 %), Brent Oil at $62.17 (0.08 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.36, UK 10-year yield at 1.29, German 10-year yield at 0.36<\/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) All Industries Activity m\/m <strong>-0.5 % vs -0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Credit Card Spending y\/y <strong>2.9 % vs 4.9 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Leading Index m\/m <strong>1.2 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CB Leading Index m\/m <strong>1.3 % vs 1.3 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German PPI m\/m <strong>0.3 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices steady as rising U.S. output undermines OPEC cuts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar near highs as German political impasse pressures euro- 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 opened on a positive note on Tuesday following overseas gains overnight.&nbsp;Traders put on hold concerns about U.S. tax reforms and European political issues as this will be a short week for the U.S. stock market, which is set to be closed Thursday for the Thanksgiving holiday. Energy prices remain in focus ahead of next week&#39;s OPEC meeting where oil producers will decide whether to extend output cuts beyond March 2018.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY is currently seen trading around 112.50 after bouncing from a one-month low of 111.890 on Monday. A pullback in the yen helped Japanese stocks, Japan&rsquo;s Nikkei 225 is currently up 0.75 % after reaching as high as 1.1 percent early on Tuesday. The Nikkei had fallen in seven of the past nine sessions after October&rsquo;s big gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD down from session lows of 1.1730 is slightly up seen trading around 1.1750 currently. The common currency declined after news emerged on Monday that German Chancellor Angela Merkel&#39;s efforts to form a coalition government had failed, thus making the political outlook for Europe&#39;s largest economy uncertain. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was down 0.10 % and is currently valued at 93.97. &nbsp;The yield on 10-year Treasuries was steady at 2.36 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD fell as low as 0.7532 earlier in the session hitting a 5-month low but has since recovered to current levels of 0.7540. Overall the Australian dollar is down 0.1 percent against the USD. AUD was weighed on a little by November RBA meeting minutes. &nbsp;Australia&rsquo;s 10-year yield was little changed at 2.55 percent. The New Zealand dollar is also slightly lower in the session and is currently valued at 0.6804 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;\">09:05 GMT &ndash; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (GBP) Inflation Report Hearings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Wholesale Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:00 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/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 up 0.73 %, Shanghai Composite rose 0.54 %, Hang Seng climbed 1.18 %, ASX 200 up 0.30 % Commodities: Gold at $1280.76 (0.45 %), Silver at $16.97 (0.80 %), WTI Oil at $56.44 (0.04 %), Brent Oil at $62.17 (0.08 %) Rates: US 10-year yield at 2.36, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-21st-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 21st 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-23879","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\/23879","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=23879"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23879\/revisions"}],"predecessor-version":[{"id":23881,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23879\/revisions\/23881"}],"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=23879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}