{"id":24641,"date":"2018-01-12T12:11:02","date_gmt":"2018-01-12T06:41:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24641"},"modified":"2018-04-16T12:54:03","modified_gmt":"2018-04-16T07:24:03","slug":"friday-12th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-12th-january-european-open-briefing\/","title":{"rendered":"Friday 12th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei down 0.29 %, Shanghai Composite up 0.11 %, Hang Seng gained 0.52 %, ASX rose 0.04 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1329.80 (0.54 %), Silver at $17.13 (1.00 %), WTI Oil at $63.39 (-0.64 %), Brent Oil at $69.08 (-0.26 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.546, UK 10-year yield at 1.316, German 10-year yield at 0.52<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance <strong>362B vs 237B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Economy Watchers Sentiment <strong>53.9 vs 55.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Bank Lending <strong>2.5 % vs 2.7<\/strong> <strong>%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Federal Budget Balance &#8211;<strong>23.2B vs -34.5B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Federal Budget Balance <strong>-23.2B vs -34.5B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage &#8211;<strong>359B vs -318B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>261K vs 246K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) NHPI m\/m <strong>0.1% vs 0.2%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) PPI m\/m <strong>-0.1% vs 0.2%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m &#8211;<strong>0.1% vs 0.2%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">The Chinese trade surplus with the US hit a record high in 2017<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin Steadies; Still Heads for Weekly Slump as Scrutiny Rises<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Key Fed official slams U.S. tax cuts for imperilling economy- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Most Asia-pacific Markets resumed their ascent on Friday after finishing slightly lower in the last two sessions. Markets clawed back slight gains tracking the strong lead from Wall Street mainly supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus. China&rsquo;s custom-cleared trade data showed brisk growth in exports and imports in 2017.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is mostly unchanged for the session and is currently seen trading around 112.25. &nbsp;Notably, The U.S. Dollar had slipped to a six-week low of 111.05 yen on Thursday as the Japanese currency rallied for the past three days after the Bank of Japan on Tuesday cut the size of ongoing purchases of government bonds for one bucket of longer-term debt. The stronger yen weighed on Japanese stocks as Nikkei 225 declined close to 0.30 Percent, with declines seen in major automakers and technology names.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD rose 0.1 percent for the session and is currently seen trading above 1.2045, this is in continuation to the EUR rallying 0.7 against the US Dollar on Thursday following ECB minutes signaled hawkish policy tone. The&nbsp;dollar index, which tracks the dollar against a basket of currencies remained flat and is currently valued at 91.85. The yield on 10-year Treasuries was steady at 2.546 percent, up about seven basis points for the week.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is slightly lower for the session following a brief pop above 0.7900, which appeared to be something of a last gasp. Currently the Aussie dollar is valued at 0.7880 down 0.15 percent against the US Dollar. Australia&rsquo;s 10-year yield rose about one basis point, to 2.75 percent. The Kiwi dollar followed a similar price action currently valued at 0.7250 after losing over 0.15 percent against the USD. &nbsp;<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07.45 GMT &ndash; (EUR) French Final CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.00 GMT &ndash; (EUR) Italian Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &ndash; (USD) Retail Sales m\/m\u200b<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16.30 GMT &ndash; (EUR) German Buba President Weidmann Speaks<\/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 0.29 %, Shanghai Composite up 0.11 %, Hang Seng gained 0.52 %, ASX rose 0.04 % Commodities: Gold at $1329.80 (0.54 %), Silver at $17.13 (1.00 %), WTI Oil at $63.39 (-0.64 %), Brent Oil at $69.08 (-0.26 %) Rates: US 10-year yield at 2.546, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-12th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 12th 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-24641","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\/24641","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=24641"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24641\/revisions"}],"predecessor-version":[{"id":24644,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24641\/revisions\/24644"}],"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=24641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}