Global Markets:
- Asian stock markets: Nikkei fell 0.52 %, Shanghai Composite gained 0.51 %, Hang Seng rose 1.38 %, ASX 200 up 0.14 %
- Commodities: Gold at $1245.90, Silver at $15.74, WTI Oil at $57.52, Brent Oil at $63.87
- Rates: US 10-year yield at 2.39, UK 10-year yield at 1.21, German 10-year yield at 0.32
News & Data:
- (USD) PPI m/m 0.4 % vs 0.4 % expected
- (USD) Core PPI m/m 0.3 % vs 0.2 % expected
- (GBP) CPI y/y 3.1 % vs 3.0 % expected
- (GBP) PPI Input m/m 1.8 % vs 1.6 % expected
- (GBP) RPI y/y 3.9 % vs 4.1 % expected
- (USD) Federal Budget Balance -138.5 B vs -135.2 B previous
- U.S. government posts $139 billion deficit in November
- Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports- RTRS
Markets Update:
Asia-pacific equities were mostly up on Wednesday, investors continued to await central bank decisions in Europe and America for clues on the policy path for next year. U.S. equities posted fresh all-time highs overnight after data showed signs of inflation in producer prices. U.S Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama
USDJPY traded higher on Wednesday currently valued above 113.32 as the Yen gained over 0.2 percent against the US Dollar. Pressured by a stronger yen, The Nikkei 225 was lower by 0.52 percent losing over 100 points, however there were gains among some automakers and most financial stocks with positive Economic data that showed Japanese core machinery orders rose a more-than-expected 5 percent in October.
EURUSD was marginally up for the day and seen steadily trading around 1.1755 as the EUR gained around 0.1 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies lost close to 0.2 percent, its first retreat in more than a week and is currently valued at 93.94. The yield on 10-year Treasuries was down less than one basis point at 2.39 percent.
AUDUSD rose on Wednesday continuing its uptrend from the previous two days to the highest in more than a week following a good consumer confidence data. Currently the Australian dollar is seen trading above 0.7575 gaining close to 0.3 percent against the US Dollar. Australia’s 10-year yield rose 1 basis point to 2.53 percent.
Upcoming Events:
- 09:30 GMT – (GBP) Average Earnings Index 3m/y
- 09:30 GMT – (GBP) Claimant Count Change
- 09:30 GMT – (GBP) Unemployment Rate
- 13:30 GMT – (USD) CPI m/m
- 13:30 GMT – (USD) Core CPI m/m
- 15:30 GMT – (USD) Crude Oil Inventories
- 19:00 GMT – (USD) FOMC Economic Projection
- 19:00 GMT – (USD) FOMC Statement
- 19:00 GMT – (USD) Federal Funds Rate
- 19:00 GMT – (USD) FOMC Press Conference
- & More…
