{"id":19125,"date":"2016-12-02T11:40:36","date_gmt":"2016-12-02T06:10:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19125"},"modified":"2016-12-02T11:40:36","modified_gmt":"2016-12-02T06:10:36","slug":"friday-2nd-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-december-european-open-briefing\/","title":{"rendered":"Friday 2nd December: 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 0.50 %, Shanghai Composite fell 0.70 %, Hang Seng declined 1.15 %, ASX 200 lost 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1175 (+0.50 %), Silver at $16.61 (+0.60 %), WTI Oil at $50.65 (-0.80 %), Brent Oil at $53.30 (-1.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.43, UK 10 year yield at 1.51, German 10 year yield at 0.37\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Retail Sales (MoM) Oct: 0.5% (est 0.3% prev 0.6%)\n\t<\/li>\n<li>\n\t\tSouth Korea GDP (YoY) Q3, F: 2.6% (est 2.7% flash 2.7%)\n\t<\/li>\n<li>\n\t\tJapan Monetary Base (YoY) Nov: 21.5% (prev 22.1%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8794 (prev 6.8958)\n\t<\/li>\n<li>\n\t\tAsia shares pare gains; Treasury yields, oil off highs &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tOil prices pulled back following a sharp rally after the OPEC reached a deal on Wednesday. In Asia, WTI fell from $51.30 to $50.50, while Brent declined from $53.90 to $53.20.\n<\/p>\n<p>\n\tPrecious metals bounced slightly, as Gold was able to find support at $1160 and recovered to a $1178 in Asia. Nevertheless, selling interest remains high on any larger rally, and decent resistance can now be expected at $1180 and $1202. Silver consolidated in a $16.50-65 range overnight, and the key levels to watch are $16.85 and $16.12.\n<\/p>\n<p>\n\tIn FX, the Dollar weakened slightly.&nbsp; USD\/JPY fell from 114.20 to a 113.60 in the early Asian session, but bounced from there at the Tokyo open and made it back above 114. EUR\/USD rallied from 1.0655 to 1.0690, but gains are likely to be limited today, as markets are nervous ahead of the Italian referendum this weekend.\n<\/p>\n<p>\n\tThe key event today is the US NFP release. The market is expecting a 175k print (vs. 161k previously).\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:45 GMT &#8211; FOMC Member Brainard speaks\n\t<\/li>\n<li>\n\t\t18:00 GMT &#8211; FOMC Member Tarullo speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.50 %, Shanghai Composite fell 0.70 %, Hang Seng declined 1.15 %, ASX 200 lost 1.00 % Commodities: Gold at $1175 (+0.50 %), Silver at $16.61 (+0.60 %), WTI Oil at $50.65 (-0.80 %), Brent Oil at $53.30 (-1.20 %) Rates: US 10 year yield at 2.43, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 2nd December: 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-19125","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\/19125","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=19125"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19125\/revisions"}],"predecessor-version":[{"id":19127,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19125\/revisions\/19127"}],"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=19125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}