Global Markets:
- Asian stock markets: Nikkei up 0.44 %, Shanghai Composite down 0.10 %, Hang Seng fell 0.35 %, ASX 200 gained 0.33 %
- Commodities: Gold at $1275.45 (0.20 %), Silver at $16.40 (-0.35 %), WTI Oil at $57.59 (0.313%), Brent Oil at $62.88 (0.40 %)
- Rates: US 10-year yield at 2.40, UK 10-year yield at 1.32, German 10-year yield at 0.36
News & Data:
- (CNY) Caixin Manufacturing PMI 50.8 vs 51.2 expected
- (USD) Chicago PMI 63.9 vs 62.2 expected
- U.S. jobless claims post second weekly decline- RTRS
- (USD) Unemployment Claims 238 K vs 241 K expected
- (CAD) Current Account -19.3 B vs -20.0 B expected
- (EUR) CPI Flash Estimate y/y 1.5 % vs 1.6 % expected
- (CHF) KOF Economic Barometer 110.3 vs 109.5 expected
- (EUR) German Retail Sales m/m -1.2 % vs 0.3 % expected
- Bitcoin loses over a fifth of its value in less than 24 hours from Wednesday's high of more than $11,000 to below $9,000. Bitcoin last traded at $9,505.00
Markets Update:
Asia-pacific equities markets were mixed at the start of the last month of 2017. Asian markets fluctuated and gave back most of the day’s earlier gains in spite of a positive lead from the U.S. that included the Dow Jones industrial average closing above 24,000 for the first time. Spot gold is trading near unchanged at $1275.45, he low to high range has been contained with the high reaching $1276.86 and the low extending to $1274.02
USDJPY was seen trading within a 30 pip range early on Friday, currently the Yen is net unchanged and currently valued 112.60 per dollar. Japan's Nikkei 225 briefly reclaimed a 25-year high reached in November trading around 1 percent up early in the session before trimming its gains to 0.44 percent currently valued at 22,826.00.
EURUSD notched over 40 pip gain from session lows of around 1.1885. Currently the major is seen trading around 1.1922 as the EUR is up 0.2 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies lost 0.15 % for the session and is currently valued at 92.91. The yield on 10-year Treasuries was steady at 2.40 percent.
AUDUSD had a rather quiet session early on Friday, currently the Aussie is seen trading around 0.7568 up from session lows of 0.7551. Australia’s 10-year bond yield advanced three basis points to 2.53 percent. Meanwhile the NZDUSD was net unchanged for the session, the Kiwi is currently valued at 0.6830 against the US Dollar.
Upcoming Events:
- 09:30 GMT – (GBP) Manufacturing PMI
- 13:30 GMT – (CAD) Employment Change
- 13:30 GMT – (CAD) GDP m/m
- 13:30 GMT – (CAD) Unemployment Rate
- 15:00 GMT – (USD) ISM Manufacturing PMI
- 15:15 GMT – (USD) FOMC Member Harker Speaks
- & More…
