{"id":19220,"date":"2016-12-12T11:37:42","date_gmt":"2016-12-12T06:07:42","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19220"},"modified":"2016-12-12T11:37:42","modified_gmt":"2016-12-12T06:07:42","slug":"monday-12th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-12th-december-european-open-briefing\/","title":{"rendered":"Monday 12th 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 0.90 %, Shanghai Composite fell 2.25 %, Hang Seng declined 1.15 %, ASX 200 gained 0.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1159 (-0.20 %), Silver at $16.89 (-0.45 %), WTI Oil at $54.00 (+5.00 %), Brent Oil at $56.70 (+4.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.49, UK 10-year yield at 1.45, German 10-year yield at 0.36\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapanese Tertiary Industry Index (MoM) Oct: 0.2% (est 0.3%, prev -0.1%)\n\t<\/li>\n<li>\n\t\tJapanese Corp Goods Price (MoM) Nov: 0.4% (est 0.3%, prev -0.1%)\n\t<\/li>\n<li>\n\t\tJapanese Corp Goods Price (YoY) Nov: -2.2% (est -2.3%, prev -2.7%)\n\t<\/li>\n<li>\n\t\tJapanese Machinery Orders (MoM) Oct: 4.1% (est 1.0%, prev -3.3%)\n\t<\/li>\n<li>\n\t\tJapanese Machinery Orders (YoY) Oct: -5.6% (est -4.5%, prev 4.3%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan at 6.9086 (prev 6.8972)\n\t<\/li>\n<li>\n\t\tMoody&#39;s: New Zealand&#39;s half-year budget shows strong public finances, robust economic growth\n\t<\/li>\n<li>\n\t\tECB&#39;s Weidmann: Can&#39;t exclude option of state joining Italy bank rescues &#8211;RTRS\n\t<\/li>\n<li>\n\t\tNon-OPEC countries agree to cut oil output &#8212; BBC\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR 115K short vs 119K short last week.&nbsp; Shorts trimmed by 4K\n\t<\/li>\n<li>\n\t\tGBP 77K short vs. 78K short last week. Short trimmed by 1K\n\t<\/li>\n<li>\n\t\tJPY 34K short vs 0K last week. Shorts increase by 34K\n\t<\/li>\n<li>\n\t\tCHF 25K short vs 24K short last week. Shorts increase 1K\n\t<\/li>\n<li>\n\t\tCAD 18K short vs. 19K short last week. Shorts trimmed by 1K\n\t<\/li>\n<li>\n\t\tAUD 21K long vs 21K long last week. No change in the current week\n\t<\/li>\n<li>\n\t\tNZD 4K short vs 2K short last week.&nbsp; The shorts were increased by 2K\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tOil prices rallied overnight after it was announced that non-OPEC members will also cut their output. WTI rallied from $51.50 to a high of $54.50 so far, while Brent rose from $54.20 to $56.70. This benefited the Canadian Dollar, and USD\/CAD declined from 1.3170 at the open to a low of 1.3115. Further losses seem likely in the near-term, and there is now little support until 1.30.\n<\/p>\n<p>\n\tUSD\/JPY rose overnight, from 115.15 at the open to a high of 115.60, while the Euro came under renewed pressure, falling to a low of 1.0525. In GBP\/USD, flows were light and it consolidated in a 1.2570-95 range.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 GMT &#8211; Swiss Total Sight Deposits\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Manufacturing Activity\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; Australia ANZ Weekly Consumer Confidence\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, December 13th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia NAB Business Confidence\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia House Price Index\n\t<\/li>\n<li>\n\t\t02:00 GMT &#8211; China Industrial Production\n\t<\/li>\n<li>\n\t\t02:00 GMT &#8211; China Retail Sales\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Survey\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Survey\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Australia Westpac Consumer Confidence\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, December 14th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t04:30 GMT &#8211; Japan Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Average Weekly Earnings\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; Fed Rate Decision\n\t<\/li>\n<li>\n\t\t21:30 GMT &#8211; New Zealand NZ Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, December 15th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 GMT &#8211; Australia Consumer Inflation Expectations\n\t<\/li>\n<li>\n\t\t00:00 GMT &#8211; New Zealand ANZ Consumer Confidence\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia Employment Change\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia Unemployment Rate\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; France Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; France Services PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Germany Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Germany Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, December 16th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.90 %, Shanghai Composite fell 2.25 %, Hang Seng declined 1.15 %, ASX 200 gained 0.05 % Commodities: Gold at $1159 (-0.20 %), Silver at $16.89 (-0.45 %), WTI Oil at $54.00 (+5.00 %), Brent Oil at $56.70 (+4.30 %) Rates: US 10-year yield at 2.49, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-12th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 12th 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-19220","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\/19220","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=19220"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19220\/revisions"}],"predecessor-version":[{"id":19222,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19220\/revisions\/19222"}],"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=19220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}