{"id":15833,"date":"2016-01-12T10:43:13","date_gmt":"2016-01-12T05:13:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15833"},"modified":"2016-01-12T10:47:55","modified_gmt":"2016-01-12T05:17:55","slug":"tuesday-12th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-january-european-open-briefing\/","title":{"rendered":"Tuesday 12th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 2.50 %, Shanghai Composite gained 0.40 %, Hang Seng rose 0.35 %, ASX 200 fell 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1097 (+0.10 %), Silver at $13.88 (+0.05 %), WTI Oil at $30.95 (-1.50 %), Brent Oil at $31.45 (-0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.17, UK 10 year yield at 1.77, German 10 year yield at 0.55\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 10 Jan): 114.1 (prev 116.3)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Balance (Nov): JPY 1143.5 Bln (exp JPY 895.0 Bln prev JPY 1458.4 Bln)\n\t<\/li>\n<li>\n\t\tJapan BoP Trade Balance (Nov): JPY -271.5 Bln (exp JPY -158.7 Bln prev JPY 200.2 Bln)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price Index (MoM) Dec: -1.8% (prev -5.6%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5628 (prev 6.5626)\n\t<\/li>\n<li>\n\t\tOnshore Yuan At A Discount To Offshore Yuan\n\t<\/li>\n<li>\n\t\tAsia stocks wary as China concerns remain, oil drops &#8211; RTRS\n\t<\/li>\n<li>\n\t\tCrude oil prices fall as much as 20 percent since beginning of the year &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tSentiment remains negative across the markets, with Asian stock indices again falling overnight. The Nikkei declined 1.30 % after the open and later extended losses to more than 2 % on the day. In FX, the safe havens JPY and CHF strengthened in Asia, while the Aussie Dollar was the worst performing currency.\n<\/p>\n<p>\n\tUSD\/JPY reached the 118.00 level just ahead of the Tokyo open, but then came under selling pressure and declined to a low of 117.40. Meanwhile, the USD\/CAD continues to be very well bid amid fresh lows in oil prices. The pair rallied to 1.4240 yesterday, a fresh multi-year high. In Asia, it fell back to 1.4205, but made it back to 1.4230 after the Tokyo open. With WTI likely to break below $30 soon, USD\/CAD momentum will remain strong.\n<\/p>\n<p>\n\tAfter a rather quiet day with little data\/events, today should be more interesting with the release of UK industrial &amp; manufacturing data at 09:30 GMT, followed by a speech from BoJ Governor Kuroda and BoE Govenor Carney at 10:30 and 14:15 GMT respectively.\n<\/p>\n<h4>\n\t<strong>Economic Calendar:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t10:30 GMT &#8211; Bank of Japan Governor Kuroda speaks\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.50 %, Shanghai Composite gained 0.40 %, Hang Seng rose 0.35 %, ASX 200 fell 0.30 % Commodities: Gold at $1097 (+0.10 %), Silver at $13.88 (+0.05 %), WTI Oil at $30.95 (-1.50 %), Brent Oil at $31.45 (-0.45 %) Rates: US 10 year yield at 2.17, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 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-15833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=15833"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15833\/revisions"}],"predecessor-version":[{"id":15835,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15833\/revisions\/15835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=15833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}