{"id":20301,"date":"2017-03-08T10:35:48","date_gmt":"2017-03-08T05:05:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20301"},"modified":"2017-03-08T10:35:48","modified_gmt":"2017-03-08T05:05:48","slug":"wednesday-8th-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-8th-march-european-open-briefing\/","title":{"rendered":"Wednesday 8th March: 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 0.55 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.40 %, ASX 200 declined 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1217 (+0.10 %), Silver at $17.51 (-0.15 %), WTI Oil at $52.80 (-0.65 %), Brent Oil at $55.65 (-0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.51, UK 10 year yield at 1.19, German 10 year yield at 0.32\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 (CNY) (Feb): -60.4bn (est 172.50B, prev 354.50B)\n\t<\/li>\n<li>\n\t\tChina Exports YoY (CNY) (Feb): 4.2% (est 14.60%, prev 15.90%)\n\t<\/li>\n<li>\n\t\tChina Imports YoY (CNY) (Feb): 44.7% (est 23.10%, prev 25.20%)\n\t<\/li>\n<li>\n\t\tJapan GDP Nominal SA (QoQ) (Q4 F): 0.40% (est 0.50%, prev 0.30%)\n\t<\/li>\n<li>\n\t\tJapan GDP Annualized SA (QoQ) (Q4 F): 1.20% (est 1.50%, prev 1.00%)\n\t<\/li>\n<li>\n\t\tJapan GDP Private Consumption (QoQ) (Q4 F): 0.0% (est 0.00%, prev 0.00%)\n\t<\/li>\n<li>\n\t\tJapan GDP Business Spending (QoQ) (Q4 F): 2.0% (est 1.70%, prev 0.90%)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Balance (JPY) (Jan): 65bn (Est 270.0B, prev 1112.2B\n\t<\/li>\n<li>\n\t\tJapan Trade Balance BoP Basis (JPY) (Jan): -853.4bn (Est -800.2B, prev 806.8B)\n\t<\/li>\n<li>\n\t\tAsian stocks slip as caution sets in; debt yields firm &#8211; RTRS\n\t<\/li>\n<li>\n\t\tPharma, bank stocks pull Wall Street lower &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk appetite decreased in Asia. Most of the major stock markets are down on the day, led by the Nikkei 225, which lost more than 0.50 %. Meanwhile, the Japanese Yen rose against most other currencies overnight.\n<\/p>\n<p>\n\tThe main event in Asia was the release of Chinese trade data. The trade balance showed a deficit, while the market was expecting a surplus of over 170 billion Yuan. However, the big increase in imports was caused by the Chinese New Year holiday and has only a temporary effect.\n<\/p>\n<p>\n\tVolatility in the major currency pairs has been low in the past few trading days. Traders are waiting for the ECB rate decision tomorrow and the US employment data on Friday. The market is not expecting any changes from the ECB, but is looking for hints if the QE programme could end earlier.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.55 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.40 %, ASX 200 declined 0.10 % Commodities: Gold at $1217 (+0.10 %), Silver at $17.51 (-0.15 %), WTI Oil at $52.80 (-0.65 %), Brent Oil at $55.65 (-0.50 %) Rates: US 10 year yield at 2.51, UK &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-8th-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 8th March: 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-20301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=20301"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20301\/revisions"}],"predecessor-version":[{"id":20303,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20301\/revisions\/20303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=20301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}