{"id":16179,"date":"2016-02-15T10:39:47","date_gmt":"2016-02-15T05:09:47","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16179"},"modified":"2016-02-15T10:39:47","modified_gmt":"2016-02-15T05:09:47","slug":"monday-15th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-15th-february-european-open-briefing\/","title":{"rendered":"Monday 15th February: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 6.30 %, Shanghai Composite fell 1.60 %, Hang Seng gained 2.75 %, ASX 200 rose 1.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1219 (-1.60 %), Silver at $15.40 (-2.50 %), WTI Oil at $29.20 (-0.80 %), Brent Oil at $33.13 (-0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.75, UK 10 year yield at 1.42, German 10 year yield at 0.26\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Trade Balance (Jan): USD 63.3 Bln (exp USD 60.60 Bln prev USD 60.09 Bln)\n\t<\/li>\n<li>\n\t\tChina Exports USD (YoY) Jan: -11.2% (exp -1.8% prev -1.4%)\n\t<\/li>\n<li>\n\t\tChina Imports USD (YoY) Jan: -18.8% (exp -3.6% prev -7.6%)\n\t<\/li>\n<li>\n\t\tJapan GDP SA (QoQ) Q4, P: -0.4% (exp -0.2% prev 0.3%)\n\t<\/li>\n<li>\n\t\tJapan GDP Annualised SA (QoQ) Q4, P: -1.4% (exp -0.8% prev rev 1.3%)\n\t<\/li>\n<li>\n\t\tJapan GDP Private Consumption (QoQ) Q4, P: -0.8% (exp -0.6% prev 0.4%) Japan GDP Business Spending (QoQ) Q4, P: 1.4% (exp -0.2% prev rev 0.7%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) Dec, F: -1.7% (flash -1.4%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY) Dec, F: -1.9% (flash -1.6%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (MoM) Feb: 2.9% (prev 0.5%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (YoY) Feb: 7.3% (prev 6.5%)\n\t<\/li>\n<li>\n\t\tAustralia New Motor Vehicle Sales (MoM) Jan: 0.5% (prev -0.5%)\n\t<\/li>\n<li>\n\t\tAustralia New Motor Vehicle Sales (YoY) Jan: 5.1% (prev 2.2%)\n\t<\/li>\n<li>\n\t\tNew Zealand PSI (Jan): 55.4 (prev rev 58.5)\n\t<\/li>\n<li>\n\t\tSingapore Retail Sales SA (MoM) Dec: -2.1% (exp -2.4% prev rev 1.2%)\n\t<\/li>\n<li>\n\t\tSingapore Retail Sales (YoY) Dec: 2.9% (exp 3.4% prev rev 4.6%)\n\t<\/li>\n<li>\n\t\tECB&rsquo;s Coeure: Market Turmoil Could Hold Back Euro Zone Inflation &#8212; RTRS\n\t<\/li>\n<li>\n\t\tJapanese PM Abe: Excessive FX Volatility Is Undesirable, Will Take Action As Required &#8212; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 63K vs 87K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 36K vs 45k short prior week\n\t<\/li>\n<li>\n\t\tJPY long 43K vs 37K long prior week\n\t<\/li>\n<li>\n\t\tCAD short 52K vs 52K short prior week\n\t<\/li>\n<li>\n\t\tCHF short 7K vs. 5K short prior week\n\t<\/li>\n<li>\n\t\tAUD short 6K vs 26K short prior week\n\t<\/li>\n<li>\n\t\tNZD short 9K vs 8k short prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tChinese markets reopened after a week-long break and the Shanghai Composite fell immediately after the open. However, risk appetite improved generally and the other main stock indices in Asia rose overnight. The Nikkei rallied more than 6 %, which boosted the USD\/JPY. The pair traded as high as 113.98 in Asia. Meanwhile, EUR\/USD fell from 1.1250 to 1.1212, while GBP\/USD consolidated in a 1.4490-1.4530 range. The commodity currencies were bid, with AUD\/USD rising from 0.71 to 0.7165 and NZD\/USD climbing from 0.6610 to 0.6660.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Retail Sales\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, February 16th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Trade Balance\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US NY Empire State Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, February 17th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; FOMC Meeting Minutes\n\t<\/li>\n<li>\n\t\t23:50 GMT &#8211; Japan Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, February 18th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Employment Change\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia Unemployment Rate\n\t<\/li>\n<li>\n\t\t01:30 GMT &#8211; Chinese CPI\n\t<\/li>\n<li>\n\t\t01:30 GMT &#8211; Chinese PPI\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Philadelphia Fed Manufacturing Index\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, February 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Core CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t20:30 GMT &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 6.30 %, Shanghai Composite fell 1.60 %, Hang Seng gained 2.75 %, ASX 200 rose 1.35 % Commodities: Gold at $1219 (-1.60 %), Silver at $15.40 (-2.50 %), WTI Oil at $29.20 (-0.80 %), Brent Oil at $33.13 (-0.70 %) Rates: US 10 year yield at 1.75, UK &hellip; 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