{"id":24573,"date":"2018-01-09T11:58:37","date_gmt":"2018-01-09T06:28:37","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24573"},"modified":"2018-01-09T11:59:20","modified_gmt":"2018-01-09T06:29:20","slug":"tuesday-9th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-9th-january-european-open-briefing\/","title":{"rendered":"Tuesday 9th January: European Open Briefing"},"content":{"rendered":"<p>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.55 %, Shanghai Composite down 0.06 %, Hang Seng gained 0.22 %, ASX 200 rose 0.09 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1319.70 (-0.05 %), Silver at $17.14 (-0.02 %), WTI Oil at $62.16 (+0.70 %), Brent Oil at $68.14 (+0.53%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.48, UK 10-year yield at 1.23, German 10-year yield at 0.43<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Consumer Confidence <strong>44.7 vs 45.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Building Approvals m\/m <strong>11.7 % vs -0.9 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) BRC Retail Sales Monitor y\/y <strong>0.6 % vs 0.6 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Average Cash Earnings y\/y <strong>0.9 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Consumer Credit m\/m <strong>28.0 B vs 17.8 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Retail Sales m\/m <strong>1.5 % vs 1.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Sentix Investor Confidence <strong>32.9 vs 31.5<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Halifax HPI m\/m<strong>-0.6 % vs 0.2 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. oil prices hit highest since 2015, but doubts loom over rally- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Things are looking up for China&#39;s financial firms, UBS says<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Asia-pacific equities extended gains on Tuesday approaching record highs following a comparatively quiet session on Wall Street. Japanese equities pared gains after the Bank of Japan trimmed the size of its bond-repurchase offer in its latest market operation. The S&amp;P 500 and Nasdaq composite had finished Monday&#39;s session at all-time highs as investors remained optimistic on the U.S. economy.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY had quite an active session early on Tuesday, The Yen gained close to 0.4% against the US Dollar and is currently seen trading at 112.65 per dollar as The Bank of Japan scaled back its purchases of long-dated JGBs at their scheduled buying operation today. Japan&#39;s Nikkei 225 rose over 0.5 percent, as markets re-opened following a long weekend. The benchmark index rose to its highest levels in 26 years in the last trading session.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD is mostly unchanged and is currently seen steadily trading around 1.1963 following a drop of 0.5 percent on Monday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies slid close to 0.1 percent and is currently valued at 92.30. The yield on 10-year Treasuries held at 2.48 percent in early trading Tuesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD was trading marginally higher for the session currently valued at 0.7853 as the AUD gained 0.2 percent against the US Dollar in the wake of a huge surprise beat for building permits. Australia&rsquo;s 10-year yield was up about two basis points to 2.67 percent. The Kiwi dollar jumped 0.2 percent against the US Dollar to current levels of around 0.7190.<\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">06.45 GMT &ndash; (CHF) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07.00 GMT &ndash; (EUR) German Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07.45 GMT &ndash; (EUR) French Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.00 GMT &ndash; (CHF) Foreign Currency Reserves<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.15 GMT &ndash; (CHF) Retail sales y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10.00 GMT &ndash; (EUR) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.15 GMT &ndash; (CAD) Housing Starts<\/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 up 0.55 %, Shanghai Composite down 0.06 %, Hang Seng gained 0.22 %, ASX 200 rose 0.09 % Commodities: Gold at $1319.70 (-0.05 %), Silver at $17.14 (-0.02 %), WTI Oil at $62.16 (+0.70 %), Brent Oil at $68.14 (+0.53%) Rates: US 10-year yield at 2.48, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-9th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 9th January: 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-24573","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\/24573","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=24573"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24573\/revisions"}],"predecessor-version":[{"id":24575,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24573\/revisions\/24575"}],"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=24573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}