{"id":24605,"date":"2018-01-11T11:49:31","date_gmt":"2018-01-11T06:19:31","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24605"},"modified":"2018-01-11T11:53:52","modified_gmt":"2018-01-11T06:23:52","slug":"thursday-11th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-11th-january-european-open-briefing\/","title":{"rendered":"Thursday 11th 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 down 0.39 %, Shanghai Composite up 0.07 %, Hang Seng gained 0.03 %, ASX 200 lost 0.48 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1318.90 (-0.05 %), Silver at $17.03 (-0.03 %), WTI Oil at $63.52 (-0.08 %), Brent Oil at $69.12 (-0.12%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.53, UK 10-year yield at 1.28, German 10-year yield at 0.47<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m <strong>1.2 % vs 0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories m\/m <strong>-4.9 M vs -3.9 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Import Prices nm\/m <strong>0.1 % vs 0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Building Permits m\/m <strong>-7.7 % vs -0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m <strong>0.4 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance &#8211;<strong>12.2 B vs -10.9 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction Output m\/m <strong>0.4 % vs 0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Canada increasingly convinced Trump will pull out of NAFTA- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">We need balanced oil markets, but &#39;we&#39;re not there yet&#39;: UAE oil minister<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Cryptocurrencies Retreat Amid South Korea Clampdown Concerns<\/span>\n\t<\/li>\n<\/ul>\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;\">Most Asia-pacific Markets declined on Thursday following a softer lead from Wall Street mainly due to concerns about rising U.S. protectionism. Bitcoin fell more than 10 percent after South Korea&rsquo;s justice minister said a bill was being prepared to ban cryptocurrency trading. Bond markets saw steep losses spooked by the Bank of Japan&rsquo;s routine announcement on Tuesday of a reduction in purchases of longer-tenor bonds, as well as reports that China is reducing its U.S. Treasuries purchases.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY was seen trading higher for the session around 111.75 as the Yen lost 0.3 percent against the US Dollar, Notably the Yen had rallied 1.1 percent against the USD on Wednesday as the dollar was on the back foot against the Japanese currency following news earlier this week that the Bank of Japan had slightly reduced its purchases of Japanese government bonds. The Nikkei 225 declined close to 0.40 percent, with major exporters, including automakers and technology names, trading lower.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was mostly unchanged for the session as the Euro managed to hold above Tuesday&rsquo;s low of $1.1916 and is currently seen trading above 1.1950 against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies remained flat and is currently valued at 92.42. The yield on 10-year Treasuries fell to 2.53 percent, halting five days of gains.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD had an active session early on Thursday as the Aussie dollar rallied over 0.4 percent against the US Dollar to current levels of above 0.7875 following a boost after data released earlier showing November retail sales rose more than expected. Australia&rsquo;s 10-year yield climbed more than four basis points to 2.76 percent. The Kiwi Dollar is mostly unchanged for the session against the USD and is currently seen trading around 0.7200.<\/span>\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;\">09.00 GMT &ndash; (EUR) Italian Retail sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.30 GMT &ndash; (GBP) BOE Credit Conditions Survey<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10.00 GMT &ndash; (EUR) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12.30 GMT &ndash; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (CAD) NHPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) Core CPI 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;\">19.00 GMT &ndash; (USD) Federal Budget Balance<\/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 0.39 %, Shanghai Composite up 0.07 %, Hang Seng gained 0.03 %, ASX 200 lost 0.48 % Commodities: Gold at $1318.90 (-0.05 %), Silver at $17.03 (-0.03 %), WTI Oil at $63.52 (-0.08 %), Brent Oil at $69.12 (-0.12%) Rates: US 10-year yield at 2.53, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-11th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 11th 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-24605","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\/24605","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=24605"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24605\/revisions"}],"predecessor-version":[{"id":24608,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24605\/revisions\/24608"}],"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=24605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}