{"id":24677,"date":"2018-01-16T11:24:48","date_gmt":"2018-01-16T05:54:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24677"},"modified":"2018-04-16T12:54:03","modified_gmt":"2018-04-16T07:24:03","slug":"tuesday-16th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-16th-january-european-open-briefing\/","title":{"rendered":"Tuesday 16th 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 0.91 %, Shanghai Composite up 0.16 %, Hang Seng gained 0.16 %, ASX rose lost 0.47 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1340.80 (0.44 %), Silver at $17.35 (1.22 %), WTI Oil at $64.53 (0.36 %), Brent Oil at $70.03 (-0.33 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.54, UK 10-year yield at 1.32, German 10-year yield at 0.58<\/span>\n\t<\/li>\n<\/ul>\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) Tertiary Industry Activity m\/m 1.1 % vs 0.4 % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">&nbsp;(AUD) New Motor Vehicle Sales m\/m 4.5 % vs 0.2 % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) PPI y\/y 3.1 % vs 3.3 % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) NZIER Business Confidence -12 vs -5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Trade Balance 22.5 B vs 22.4 B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Cryptocurrencies Resume Slide as Bitcoin Tumbles to December Low<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices near three-year highs, supported by healthy demand<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s economy set to slow to 6.5 percent in 2018 as government turns off cheap money: Reuters poll<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets opened higher on Tuesday. Chinese equities rebounding from Monday&rsquo;s losses. PBoC injected a net CNY270B as it continues to ramp up liquidity to counter tighter funding. Yuan remains near a three-year high against the dollar. Bundesbank&rsquo;s move to add yuan to its forex reserves may be seen as a win for Beijing&rsquo;s liberalization push.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei has broken out of a recent consolidation, with the yen climbing off its lows after some jawboning comments by Finance Minister Aso. ASX was seen to underperform, signaling a broad based weakness. Miners tracking losses in metals prices with Rio Tinto&rsquo;s Q4 production report also failed to impress. The lack of any cues from Wall Street yesterday led to subdued trading in the Asia and Australia today.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Euro has been hovering near a three-year rise, as market expectations of a hawkish policy shift continue to rise. Latest gains follow remarks from ECB&rsquo;s Hansson, who said Monday it would be appropriate to end asset purchases in September if growth and inflation evolve as expected. Prospects of a global central bank tightening shift have been widely attributed for the recent bond rout, yiels have risen modestly in Tuesday trade.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">UK&rsquo;s CPI report is slated to come out today, with headline YoY inflation expected to come down by .1% from the five year high of 3.1% hit last November. This can boost GBP in the near term, as it increases the chances of a BoE rate hike.&nbsp;<\/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;\">7:00am GMT &#8211; (EUR) German Final CPI m\/m, German WPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">7:45am GMT &#8211; (EUR) French Gov Budget Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">9:30am GMT &#8211; (GBP) CPI y\/y, PPI Input m\/m, RPI y\/y, Core CPI y\/y, HPI y\/y, PPI Output m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00am GMT &#8211; (EUR) Italian Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">1:30pm GMT &#8211; (USD) Empire State Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">2:30pm GMT &#8211; (GBP) CB Leading Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">5:00pm GMT &#8211; (CHF) SNB Chairman Jordan Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:30pm GMT &#8211; (AUD) Westpac Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:50pm GMT &#8211; (JPY) Core Machinery Orders m\/m<\/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<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.91 %, Shanghai Composite up 0.16 %, Hang Seng gained 0.16 %, ASX rose lost 0.47 % Commodities: Gold at $1340.80 (0.44 %), Silver at $17.35 (1.22 %), WTI Oil at $64.53 (0.36 %), Brent Oil at $70.03 (-0.33 %) Rates: US 10-year yield at 2.54, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-16th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 16th 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-24677","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\/24677","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=24677"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24677\/revisions"}],"predecessor-version":[{"id":24678,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24677\/revisions\/24678"}],"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=24677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}