{"id":24155,"date":"2017-12-07T12:09:02","date_gmt":"2017-12-07T06:39:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24155"},"modified":"2017-12-07T12:10:36","modified_gmt":"2017-12-07T06:40:36","slug":"thursday-7th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-7th-december-european-open-briefing\/","title":{"rendered":"Thursday 7th 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 rose 1.54 %, Shanghai Composite lost 0.83 %, Hang Seng climbed 0.14 %, ASX 200 gained 0.54 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1258.70, Silver at $15.88, WTI Oil at $55.92, Brent Oil at $61.25<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.34, UK 10-year yield at 1.23, German 10-year yield at 0.30<\/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) Trade Balance <strong>0.11 B vs 1.37 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories <strong>-5.6 M vs -3.2 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Overnight Rate<strong> 1.00 % vs 1.00 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ADP Non-Farm Employment Change <strong>190 K vs 189 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Labor Productivity q\/q <strong>-0.6 % vs -0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. unit labor costs decline for two straight quarters- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. tax cuts to eventualy underpin dollar, but may sink in meantime: Reuters poll<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin contnues to rally crossing the $14,000 mark for the first time<\/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 mixed on Thursday as investors awaited tax reform developments, softer oil and copper prices added to the uncertainty. &nbsp;Stocks managed to rise in Japan, Hong Kong and Australia meanwhile falling in China and South Korea. European and U.S. equities overnight showed scant reaction to big stock declines a day earlier in the region.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY traded marginally higher on Thursday as the Japanese Yen lost 0.2 percent against the US Dollar. Currently the Yen is valued at 112.50 per Dollar. A softer yen gave exporter shares a lift, particularly tech stocks. Japan&rsquo;s Nikkei Stock Average NIK, rebounded, rising 1.5 % after Wednesday&rsquo;s 2 % decline, the most since March.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD is mostly unchanged and is currently seen trading around 1.1790 against the US Dollar after the EUR slipping to a two-week low of $1.1780 on Wednesday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat for the session and is currently valued at 93.65. The yield on 10-year Treasuries held at 2.34 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD continued to decline on weaker-than-expected trade data., the country&#39;s trade surplus for October came in at A$105 million &mdash; sharply below the A$1.38 billion forecast in a Reuters poll. Currently the Aussie is seen trading around 0.7544 after falling 0.2 percent against the US Dollar. Australia&rsquo;s 10-year yield rose one basis point to 2.51 percent.<\/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;\">08:30 GMT &ndash; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:50 GMT &ndash; (JPY) Final GDP q\/q<\/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 rose 1.54 %, Shanghai Composite lost 0.83 %, Hang Seng climbed 0.14 %, ASX 200 gained 0.54 % Commodities: Gold at $1258.70, Silver at $15.88, WTI Oil at $55.92, Brent Oil at $61.25 Rates: US 10-year yield at 2.34, UK 10-year yield at 1.23, German 10-year yield at 0.30 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-7th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 7th 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-24155","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\/24155","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=24155"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24155\/revisions"}],"predecessor-version":[{"id":24157,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24155\/revisions\/24157"}],"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=24155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}