{"id":19188,"date":"2016-12-08T11:40:27","date_gmt":"2016-12-08T06:10:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19188"},"modified":"2016-12-08T11:40:27","modified_gmt":"2016-12-08T06:10:27","slug":"thursday-8th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-december-european-open-briefing\/","title":{"rendered":"Thursday 8th 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 up 1.40 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.75 %, ASX 200 rallied 1.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1179 (+0.15 %), Silver at $17.23 (-0.30 %), WTI Oil at $49.90 (+0.20 %), Brent Oil at $53.05 (+0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.34, UK 10-year yield at 1.36, German 10-year yield at 0.35\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Trade Balance (USD) Nov: 44.61bln (est 46.9bln, prev 49.06bln)\n\t<\/li>\n<li>\n\t\tChina Exports (USD) (YoY) Nov: 0.1% (est -5.0%, prev -7.3%)\n\t<\/li>\n<li>\n\t\tChina Imports (USD) (YoY) Nov: 6.7% (est -1.9%, prev -1.4%)\n\t<\/li>\n<li>\n\t\tJapanese GDP (QoQ) Q3 F: 0.3% (est 0.5%, prev 0.5%)\n\t<\/li>\n<li>\n\t\tJapanese GDP Annualised (QoQ) Q3 F: 1.3% (est 2.3%, prev 2.2%)\n\t<\/li>\n<li>\n\t\tJapanese Trade Balance BoP Basis (JPY) Oct: 587.6bln (est 603bln, prev 642.4bln)\n\t<\/li>\n<li>\n\t\tAustralian Trade Balance (AUD) Oct: -1.541bln (est -800mln, prev -1.227bln, rev -1.272)\n\t<\/li>\n<li>\n\t\tAustralian Imports (YoY) Oct: 2.0% (prev -1.0%)\n\t<\/li>\n<li>\n\t\tAustralian Exports (YoY) Oct: 1.0% (prev 2.0%)\n\t<\/li>\n<li>\n\t\tUK RICS House Price Survey Nov: 30 (est 26, prev 23)\n\t<\/li>\n<li>\n\t\tPBoC sets CNY midpoint at 6.8731 (prev 6.8808)\n\t<\/li>\n<li>\n\t\tAsia stocks extend gains, hit one-month peak on upbeat China trade data &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina November exports, imports rise unexpectedly, commodity purchases soar &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk sentiment improved after Chinese trade data was released, which showed an increase in imports, a hint that domestic demand has strengthened. All the major Asian stock indices are up on the day, and commodity currencies rallied. NZD\/USD rose from 0.7160 to 0.7220, while AUD\/USD made it from 0.7475 to 0.7510. USD\/CAD came under renewed pressure due to the rally in Oil prices, and fell from 1.33 to 1.3210.\n<\/p>\n<p>\n\tThe Euro is relatively quiet ahead of the ECB rate decision today; EUR\/USD consolidated in a 1.0750-80 range. The market is expecting the central bank to leave all key rates unchanged, but to extend the duration of the QE programme.\n<\/p>\n<p>\n\tUSD\/JPY fell in the early Asian session, despite the risk-on sentiment in markets. However, the pair found support ahead of 113 and made it back to 113.60. GBP\/USD rose from 1.2615 to 1.2665.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB Press Conference\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.40 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.75 %, ASX 200 rallied 1.20 % Commodities: Gold at $1179 (+0.15 %), Silver at $17.23 (-0.30 %), WTI Oil at $49.90 (+0.20 %), Brent Oil at $53.05 (+0.10 %) Rates: US 10-year yield at 2.34, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 8th 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-19188","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\/19188","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=19188"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19188\/revisions"}],"predecessor-version":[{"id":19189,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19188\/revisions\/19189"}],"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=19188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}