{"id":15193,"date":"2015-11-02T10:13:57","date_gmt":"2015-11-02T04:43:57","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15193"},"modified":"2015-11-02T10:15:40","modified_gmt":"2015-11-02T04:45:40","slug":"monday-2nd-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-2nd-november-european-open-briefing\/","title":{"rendered":"Monday 2nd November: European Open Briefing"},"content":{"rendered":"<h3>\n\tGlobal Markets:<br \/>\n<\/h3>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 2.10 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.70 %, ASX lost 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1140 (-0.10 %), Silver at $15.49 (-0.50 %), WTI Oil at $46.38 (-0.45 %), Brent Oil at $49.58 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.14, UK 10 year yield at 1.92, German 10 year yield at 0.52\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h3>\n\tNews &amp; Data:<br \/>\n<\/h3>\n<ul>\n<li>\n\t\tChina Official Non-Manufacturing PMI (Oct): 53.1 (prev 53.4) &#8212; Shanghai Daily\n\t<\/li>\n<li>\n\t\tChina Official Manufacturing PMI (Oct): 49.8 (exp 50.0 prev 49.8) &#8212; WSJ\n\t<\/li>\n<li>\n\t\tChina Caixin Manufacturing PMI (Oct): 48.3 (exp 47.6 prev 47.2)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Manufacturing PMI (Oct, F): 52.4 (flash 52.5)\n\t<\/li>\n<li>\n\t\tSouth Korea Nikkei Manufacturing PMI (Oct): 49.1 (prev 49.2)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (MoM) Sep: 2.2% (exp 1.0% prev -6.9%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY) Sep: 21.4% (exp 24.1% prev 5.1%)\n\t<\/li>\n<li>\n\t\tAustralia TD Securities Inflation (MoM) Oct: 0.0% (prev 0.3%)\n\t<\/li>\n<li>\n\t\tAustralia TD Securities Inflation (YoY) Oct: 1.8% (prev 1.9%)\n\t<\/li>\n<li>\n\t\tAustralia AiG PMI (Oct): 50.2 (prev 52.1)\n\t<\/li>\n<li>\n\t\tChinese Premier Li: China Needs 6.5% GDP Growth To Meet Economic Goals &#8212; BBG\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3154 (prev 6.3495)\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h3>\n\tCFTC Positioning Data:<br \/>\n<\/h3>\n<ul>\n<li>\n\t\tEUR short 106k vs short 63K prev\n\t<\/li>\n<li>\n\t\tGBP long 4k vs long 7.5 K prev\n\t<\/li>\n<li>\n\t\tJPY short 34k vs short 4K prev\n\t<\/li>\n<li>\n\t\tCAD short 19k vs short 27K prev\n\t<\/li>\n<li>\n\t\tCHF long 1.5 vs short 1K prev\n\t<\/li>\n<li>\n\t\tAUD short 36k vs short 38K prev\n\t<\/li>\n<li>\n\t\tNZD long 5.6k vs long 4K prev\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h3>\n\tMarkets Update:<br \/>\n<\/h3>\n<p>\n\tOvernight, the USD weakened somewhat, while the Euro and Yen were the best performing currencies. EUR\/USD opened with a 30 pips gap on Sunday, at 1.1035 vs 1.1005 (Friday&#39;s NY close). GBP\/USD remained unchanged from Friday&#39;s close and spent most of the session in a 1.5430-40 range. USD\/JPY opened roughly 20 pips lower, but filled the weekend gap. After the Tokyo open, it came again under pressure and eventually fell to a low of 120.25.\n<\/p>\n<h3>\n\tUpcoming Events:<br \/>\n<\/h3>\n<ul>\n<li>\n\t\t08:45 GMT &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Manufacturing PMI\n\t<\/li>\n<\/ul>\n<h3>\n\tThe Week Ahead (Key Data &amp; Events):<br \/>\n<\/h3>\n<p>\n\tTuesday, November 03th\n<\/p>\n<ul>\n<li>\n\t\t03:30 GMT &#8211; RBA Rate Decision\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Employment Change\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Unemployment Rate\n\t<\/li>\n<\/ul>\n<p>\n\tWednesday, November 04th\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Retail Sales\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australian Trade Balance\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone PPI\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Trade Balance\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Markit Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<\/ul>\n<p>\n\tThursday, November 05th\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian CB Rate Decision\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Canadian Ivey PMI\n\t<\/li>\n<\/ul>\n<p>\n\tFriday, November 06th\n<\/p>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Unemployment Rate\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.10 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.70 %, ASX lost 1.30 % Commodities: Gold at $1140 (-0.10 %), Silver at $15.49 (-0.50 %), WTI Oil at $46.38 (-0.45 %), Brent Oil at $49.58 (+0.20 %) Rates: US 10 year yield at 2.14, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-2nd-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 2nd 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-15193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=15193"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15193\/revisions"}],"predecessor-version":[{"id":15195,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15193\/revisions\/15195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=15193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}