{"id":24140,"date":"2017-12-06T12:08:46","date_gmt":"2017-12-06T06:38:46","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24140"},"modified":"2017-12-06T12:08:46","modified_gmt":"2017-12-06T06:38:46","slug":"wednesday-6th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-6th-december-european-open-briefing\/","title":{"rendered":"Wednesday 6th December: 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 1.93 %, Shanghai Composite lost 0.71 %, Hang Seng fell 1.48 %, ASX 200 dropped 0.44 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1269.80, Silver at $16.13, WTI Oil at $57.4, Brent Oil at $62.67<\/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 0.31<\/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) GDP q\/q <strong>0.6 %<\/strong> <strong>vs 0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI <strong>57.4 vs 59.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index <strong>0.4 % vs -3.4 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance <strong>-1.5 B vs -2.3 B <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Trade Balance <strong>-48.7 B vs -46.2 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Services PMI <strong>53.8 vs 55.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin breaks above $12,000 for the first time<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil dips on rising U.S. fuel stocks, but OPEC&#39;s supply cuts offer support<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. trade deficit hits nine-month high- 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 equities stumbled across the board on Wednesday, Asian stocks are poised for the longest losing streak in two years as the technology, mining, consumer and industrial sectors led declines. The losses were mainly due to modest overnight declines in Europe&nbsp;and losses on Wall Street as the technology sector stuttered yet again. Commodity prices added to ongoing softness and the up-to-3% overnight slide in metals prices added to pressure on Wednesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY traded lower on Wednesday as the Japanese Yen gained 0.4 percent against the US Dollar. Currently the Yen is valued at 112.12 per Dollar. The Nikkei 225 declined 1.90% losing over 400 points mainly on weakness in commodity stocks and yen gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was mostly unchanged for the day following a drop of over 0.3 percent on Tuesday, currently the EUR is seen trading around 1.1839 against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies lost close to 0.2 % for the session and is currently valued at 93.21. The yield on 10-year Treasuries was steady at 2.35 percent, down from around 2.40 percent a week ago.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen trading around 0.7583 after losing over 0.3 percent after the county&#39;s third-quarter gross domestic product data narrowly missed forecasts (+0.6% vs +0.7% estimate). Australia&rsquo;s 10-year yield declined nine basis points to 2.50 percent. Meanwhile the New Zealand dollar gained close to 0.4 percent against the USD and is currently seen trading above 0.6906.<\/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;\">13:15 GMT &ndash; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Labor Productivity q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (CAD) Overnight Rate<\/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;\"><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 1.93 %, Shanghai Composite lost 0.71 %, Hang Seng fell 1.48 %, ASX 200 dropped 0.44 % Commodities: Gold at $1269.80, Silver at $16.13, WTI Oil at $57.4, Brent Oil at $62.67 Rates: US 10-year yield at 2.35, UK 10-year yield at 1.26, German 10-year yield at 0.31 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-6th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 6th 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-24140","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\/24140","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=24140"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24140\/revisions"}],"predecessor-version":[{"id":24141,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24140\/revisions\/24141"}],"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=24140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}