{"id":24120,"date":"2017-12-05T11:50:00","date_gmt":"2017-12-05T06:20:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24120"},"modified":"2017-12-05T11:50:00","modified_gmt":"2017-12-05T06:20:00","slug":"tuesday-5th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-5th-december-european-open-briefing\/","title":{"rendered":"Tuesday 5th December: European Open Briefing"},"content":{"rendered":"<h4>\n\tGlobal Markets:<br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei down 0.35 %, Shanghai Composite lost 0.18 %, Hang Seng fell 0.54 %, ASX 200 dropped 0.23 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1278.10, Silver at $16.35, WTI Oil at $57.4, Brent Oil at $62.36<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.39, UK 10-year yield at 1.28, German 10-year yield at 0.33<\/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) Current Account <strong>-9.1 B vs -8.8 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m <strong>0.5 %<\/strong> <strong>vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate <strong>1.50 %<\/strong> <strong>vs 1.50 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Caixin Services PMI <strong>51.9 vs 51.5<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Factory Orders m\/m <strong>-0.1 % vs -0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction PMI <strong>53.1 vs 51.<\/strong>2 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Unemployment Change<strong> 7.3 K vs 54.3 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed rate hike expected next week, three hikes expected in 2018: Reuters poll<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Wall Street Cheers Senate&#39;s approval of tax bill. Dow rises to record but rest of market rolls over on tech woes.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices edge up on expected drop in U.S. crude stocks<\/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 equities were mostly muted early on Tuesday following a mixed overnight session in the U.S. that nevertheless saw the Dow Jones industrial average notch a record closing high. Investors&rsquo; rotation out of technology shares globally took a toll on some of the region&rsquo;s tech heavyweights. Worries about Brexit talks have also added to pessimism in global markets.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY was marginally higher on Tuesday currently seen trading above 112.60 after the Dollar dropped to lows of 112.36 after a disappointing slide in US trading. &nbsp;Japan&#39;s Nikkei 225&nbsp;retraced some of its early losses to trade down 0.35 percent, the losses were mostly led by declines in high-flying technology shares.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD had a rather quiet session trading steadily around 1.1870. The common currency was helped by hopes the two major German parties will form a grand coalition. The&nbsp;dollar index, which tracks the dollar against a basket of currencies lost 0.1 % for the session and is currently valued at 93.11. The yield on 10-year Treasuries was more than one basis point higher at 2.39 percent after climbing as much as six basis points in the previous session.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen trading around 0.7647 as the Aussie dollar climbed close to 0.7 percent against the USD following better-than-expected domestic retail sales for October. In addition to this The Reserve Bank of Australia kept its cash rate unchanged at its December policy meeting &mdash; as expected. Australia&rsquo;s 10-year yield rose almost five basis points to 2.59 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">NZDUSD too had an active session on Tuesday currently seen trading around 0.6895 after climbing over 0.5 percent after comments from the central bank&rsquo;s acting governor. Grant Spencer said the Reserve Bank of New Zealand was becoming more flexible in its inflation targeting.<\/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;\">09:30 GMT &ndash; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.35 %, Shanghai Composite lost 0.18 %, Hang Seng fell 0.54 %, ASX 200 dropped 0.23 % Commodities: Gold at $1278.10, Silver at $16.35, WTI Oil at $57.4, Brent Oil at $62.36 Rates: US 10-year yield at 2.39, UK 10-year yield at 1.28, German 10-year yield at 0.33 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-5th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 5th December: 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-24120","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\/24120","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=24120"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24120\/revisions"}],"predecessor-version":[{"id":24121,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24120\/revisions\/24121"}],"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=24120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}