U.S.-China relations improve!? Dollar buying as risk-off eases! ~ Highlights and schedule for December 12 ~

◎Today's Highlights

1)Brexit Plan Related

The United Kingdom has postponed the vote on the Brexit plan, and Prime Minister May is visiting Europe (Brussels). With the EU Summit approaching from the 13th, there may be statements regarding the Brexit plan. Within the UK, party leadership changes and no-confidence proceedings are also in preparation. Will it really be submitted?! Attention is focused.

2)US-China Relations and Risk-Off

Yesterday, due to expectations that China might cut automobile tariffs and that US-China relations could be improving, US stock prices rose. The risk-off trend eased. Will this continue today? Or will risk-off return? All eyes are on it.

3)US Indicators

Apart from risk events, today’s US indicators are in focus. CPI (Consumer Price Index) and a 10-year Treasury auction, followed by monthly figures. Risk events tend to have a stronger impact, so indicators movements are less pronounced, but these are highly watched indicators. Check them.

◎Today's Event Schedule

Wednesday the 12th

08:30 AUD Westpac Consumer Confidence Index
17:15 EUR DeCos (Decos) Spanish Central Bank President Speech
17:30 SEK Swedish CPI (Consumer Price Index)
19:00 EUR Euro Zone Industrial Production
22:30 USDUS CPI (Consumer Price Index)

Thursday the 13th

EU Summit (Brussels, until the 14th)
Meeting between Italian Prime Minister Conte and EU Commission President Juncker

00:30 USD Crude Oil Inventories
03:00 USD US 10-Year Treasury Auction
04:00 USDMonthly Budget Statement
09:01 GBP UK RICS House Price

◎Weekly Schedule

Will Britain Leave or Not!? ~ Focus Materials and Event Schedule for the Week of December 10 ~