{"id":24004,"date":"2017-11-27T11:55:24","date_gmt":"2017-11-27T06:25:24","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24004"},"modified":"2017-11-27T22:22:49","modified_gmt":"2017-11-27T16:52:49","slug":"monday-27th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-27th-november-european-open-briefing\/","title":{"rendered":"Monday 27th November: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei down 0.28 %, Shanghai Composite lost 0.93 %, Hang Seng fell 0.66 %, ASX 200 rose 0.10 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1290.34 (0.24 %), Silver at $17.02 (0.16 %), WTI Oil at $58.72 (-0.39 %), Brent Oil at $63.85(0.60 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.34, UK 10-year yield at 1.25, German 10-year yield at 0.36<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Flash Manufacturing PMI <strong>53.8 vs 55.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Flash Services PMI <strong>54.7 vs 55.5<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Corporate Profits q\/q <strong>8.5 % vs 0.1 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Ifo Business Climate <strong>117.5 vs 116.6<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) High Street Lending <strong>40.5 K vs 40.9<\/strong> <strong>K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin hits fresh highs of over $9700 jumping more than $1000<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan plans extra budget of $24-26 billion for fiscal 2017<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Black Friday, Thanksgiving online sales climb to record high: RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets fell early on Monday in spite of the positive close from Wall street last week. The Dollar edged up as investors turned their attention to U.S. tax reform ahead of a busy week with data on the health of the world&rsquo;s biggest economies. Chinese shares were lower following Thursday&rsquo;s slump and the Korean market weighed by heavy losses for Samsung Electronics.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD hit a two-month high against the US dollar thanks to strong German business confidence and reduced anxiety about political instability in Europe&rsquo;s biggest economy. Currently the Euro is net unchanged for the session and is currently trading at 1.1933 after falling to lows of around 1.1910. &nbsp;The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 92.77. The yield on 10-year Treasuries was steady at 2.34 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently down 0.2 percent partially recovering from session lows of 0.7593, Currently the Aussie is seen trading around 0.7607 against the US dollar. Australia&rsquo;s 10-year yield rose two basis points to 2.52 percent. &nbsp;The New Zealand dollar followed a similar price action on Monday and is currently trading around 0.6966 as the kiwi lost 0.2 percent against the USD.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 111.35 down from session highs of 111.70 as the Yen strengthened against the US Dollar after Chinese shares opened lower. The Nikkei Stock average Nikkei 225 erased gains to slip 0.30 percent after rising as much as 0.5 % early in the session. &nbsp;The Yen rebounding against the USD weighed on equities&hellip;.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (GBP) <\/span>MPC Member Haldane Speaks\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD)&nbsp;<\/span><span style=\"font-size: 14px;\">New Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:30 GMT &ndash; (USD)&nbsp;<\/span><span style=\"font-size: 14px;\">FOMC Member Kashkari Speaks<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, November 28<sup>th<\/sup> <\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (GBP) Bank Stress Test Results<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:30 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Financial Stability Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:45 GMT &ndash; (USD) Treasury Sec Mnuchin Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Wednesday, November 29<sup>th<\/sup> <\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">ALL Day &#8212; OPEC Meetings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (AUD) RBNZ Gov Spencer Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Fed Chair Yellen Testifies<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Pending Home Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, November 30<sup>th<\/sup> <\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (NZD) ANZ Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Private Capital Expenditure q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Building Approvals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (CNY) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (CNY) Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:45 GMT &ndash; (USD) Chicago PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Friday, December 1st &nbsp;<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:45 GMT &ndash; (CNY) Caixin Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) ISM Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:15 GMT &ndash; (USD) FOMC Member Harker Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.28 %, Shanghai Composite lost 0.93 %, Hang Seng fell 0.66 %, ASX 200 rose 0.10 % Commodities: Gold at $1290.34 (0.24 %), Silver at $17.02 (0.16 %), WTI Oil at $58.72 (-0.39 %), Brent Oil at $63.85(0.60 %) Rates: US 10-year yield at 2.34, UK 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-27th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 27th November: 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-24004","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\/24004","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=24004"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24004\/revisions"}],"predecessor-version":[{"id":24016,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24004\/revisions\/24016"}],"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=24004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}