{"id":24043,"date":"2017-11-29T11:56:21","date_gmt":"2017-11-29T06:26:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24043"},"modified":"2017-11-29T11:58:55","modified_gmt":"2017-11-29T06:28:55","slug":"wednesday-29th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-29th-november-european-open-briefing\/","title":{"rendered":"Wednesday 29th November: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.57 %, Shanghai Composite climbed 0.15 %, Hang Seng rose 0.10 %, ASX 200 gained 0.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1294.77 (-0.02 %), Silver at $16.84 (0.12 %), WTI Oil at $57.70 (-0.50 %), Brent Oil at $62.84 (-0.63 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.32, UK 10-year yield at 1.25, German 10-year yield at 0.34\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tU.S. goods trade deficit widens in October, inventories fall\n\t<\/li>\n<li>\n\t\t(USD) CB Consumer Confidence <strong>129.5 vs 123.9 <\/strong>expected\n\t<\/li>\n<li>\n\t\t(USD) Richmond Manufacturing Index <strong>30 vs 14 <\/strong>expected\n\t<\/li>\n<li>\n\t\t(USD) HPI m\/m <strong>0.3 % vs 0.6 %<\/strong> expected\n\t<\/li>\n<li>\n\t\t(CAD) RMPI m\/m <strong>3.8% vs -0.2 %<\/strong> previous\n\t<\/li>\n<li>\n\t\t(EUR) M3 Money Supply y\/y <strong>5.0 % vs 5.1 %<\/strong> expected\n\t<\/li>\n<li>\n\t\t(EUR) Private loans y\/y <strong>2.7 % vs 2.8 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tBitcoin sees sudden, sharp spike after smashing through $10,000- CNBC\n\t<\/li>\n<li>\n\t\tDollar cheered by tax cut progress- RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsia-pacific equities markets were mixed early on Wednesday. Investors in Asia largely shrugged off North Korea&rsquo;s latest missile launch in spite of the Intercontinental ballistic missile putting entire U.S. within range. The dollar was steady as U.S. tax cuts inched closer to reality. &nbsp;Bitcoin surpassed $10,000 for the first time, bringing this year&rsquo;s price surge to more than 10-fold.\n<\/p>\n<p>\n\tUSDJPY was mostly unchanged for the session, currently the Yen is&nbsp;valued around 111.53 against the Dollar. &nbsp;Japanese stocks were stronger overall shrugging off the North Korea&rsquo;s missile launch, with the Nikkei rising over 0.5% after an overnight pullback in the yen. &nbsp;Likewise, The Korean won rose 0.3 percent with no major reaction to the ICBM launch, the markets are preparing for a Bank of Korea rate decision on Thursday.\n<\/p>\n<p>\n\tEURUSD had a rather quiet session on Wednesday trading within a tight 15 pip range, currently the EUR is trading net unchanged for the session around 1.1852 against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat for the session and is currently valued at 93.18&nbsp;after holding onto overnight gains after the Senate Budget Committee approved the Republican tax bill. The yield on 10-year Treasuries was little changed at 2.32&nbsp;percent.\n<\/p>\n<p>\n\tAUDUSD is currently seen trading around 0.7592 slightly higher from its session lows of 0.7582. Australia&rsquo;s 10-year yield fell more than two basis points to 2.47 percent. Australian stocks were solid with the S&amp;P\/ASX 200 index up 0.45% helped by strength from the country&rsquo;s major banks. Oil eased amid uncertainty over the outcome of OPEC talks and a surprise rise in crude inventories\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tALL Day &#8212; OPEC Meetings\n\t<\/li>\n<li>\n\t\t13:30 GMT &ndash; (USD) Prelim GDP q\/q\n\t<\/li>\n<li>\n\t\t14:00 GMT &ndash; (GBP) BOE Gov Carney Speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &ndash; (USD) Fed Chair Yellen Testifies\n\t<\/li>\n<li>\n\t\t15:00 GMT &ndash; (USD) Pending Home Sales m\/m\n\t<\/li>\n<li>\n\t\t15:30 GMT &ndash; (USD) Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t<a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.57 %, Shanghai Composite climbed 0.15 %, Hang Seng rose 0.10 %, ASX 200 gained 0.45 % Commodities: Gold at $1294.77 (-0.02 %), Silver at $16.84 (0.12 %), WTI Oil at $57.70 (-0.50 %), Brent Oil at $62.84 (-0.63 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-29th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 29th 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-24043","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\/24043","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=24043"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24043\/revisions"}],"predecessor-version":[{"id":24046,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24043\/revisions\/24046"}],"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=24043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}