{"id":19383,"date":"2016-12-27T11:33:35","date_gmt":"2016-12-27T06:03:35","guid":{"rendered":"http:\/\/icmarkets.com\/blog\/?p=19383"},"modified":"2016-12-27T11:33:35","modified_gmt":"2016-12-27T06:03:35","slug":"tuesday-27th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-27th-december-european-open-briefing\/","title":{"rendered":"Tuesday 27th 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 0.06 %, Shanghai Composite gained 0.40 %, Hang Seng and ASX 200 closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1138 (+0.40 %), Silver at $15.87 (+0.76 %), WTI Oil at $53.15 (+0.25 %), Brent Oil at $55.90 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.56, UK 10-year yield at 1.35, German 10-year yield at 0.22\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan National CPI 0.5 % (prev 0.1 %)\n\t<\/li>\n<li>\n\t\tJapan National Core CPI -0.4 % (exp -0.3 % prev -0.4 %)\n\t<\/li>\n<li>\n\t\tJapan Tokyo CPI 0.0 % (prev 0.5 %)\n\t<\/li>\n<li>\n\t\tJapan Tokyo Core CPI -0.6 % (exp -0.4 % prev -0.4 %)\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate 3.1 % (exp 3.0 % prev 3.0 %)\n\t<\/li>\n<li>\n\t\tJapan Household Spending m\/m -0.6 % (exp 0.4 % prev -1.0 %)\n\t<\/li>\n<li>\n\t\tJapan Household Spending y\/y -1.5 % (exp 0.2 % prev -0.4 %)\n\t<\/li>\n<li>\n\t\tAsia stocks mixed in muted session, dollar recovers some losses &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan consumer prices slump in November, look for 2017 rebound &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIt was quiet in the Asian session, as Australia, Hong Kong and New Zealand markets were closed for a holiday. The US Dollar appreciated against most currencies overnight, while the Japanese Yen was the worst performing one following weaker than expected inflation data. Aside from a slowdown in CPI, Japanese household spending decreased and the unemployment rate increased to 3.1 %, adding further pressure on the Yen. The Bank of Japan has been trying to push inflation up through its QE programme, but the results have been weak so far. However, with Oil prices rising again, and the sharp decline in the Yen, inflation may accelerate in 2017.\n<\/p>\n<p>\n\tThe broad Dollar strength also increased pressure on the Chinese Yuan again. While the PBoC set its central rate at 6.9462 (vs. 6.9459 previously), the offshore Yuan weakened further, with USD\/CNH rising from 6.95 to 6.9630.\n<\/p>\n<p>\n\tLooking ahead, there will be no data releases or events in the upcoming EU session, so the focus will be on US data released at 14:00 and 15:00 GMT (see the calendar below for details).\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t14:00 GMT &#8211; US S&amp;P\/CS HPI Composite\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Dallas Fed Manufacturing Business Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.06 %, Shanghai Composite gained 0.40 %, Hang Seng and ASX 200 closed for holiday Commodities: Gold at $1138 (+0.40 %), Silver at $15.87 (+0.76 %), WTI Oil at $53.15 (+0.25 %), Brent Oil at $55.90 (-0.05 %) Rates: US 10-year yield at 2.56, UK 10-year yield at &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-27th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 27th 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-19383","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\/19383","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=19383"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19383\/revisions"}],"predecessor-version":[{"id":19384,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19383\/revisions\/19384"}],"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=19383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}