{"id":16194,"date":"2016-02-16T10:51:00","date_gmt":"2016-02-16T05:21:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16194"},"modified":"2016-02-16T10:51:00","modified_gmt":"2016-02-16T05:21:00","slug":"tuesday-16th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-16th-february-european-open-briefing\/","title":{"rendered":"Tuesday 16th 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 0.90 %, Shanghai Composite gained 2.85 %, Hang Seng rose 1.70 %, ASX 200 rallied 0.95 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1194 (-3.65 %), Silver at $15.17 (-3.95 %), WTI Oil at $30.75 (+4.45 %), Brent Oil at $34.65 (+3.85 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.79, UK 10 year yield at 1.43, German 10 year yield at 0.24\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand 2 Year Inflation Expectations (Q1): 1.63% (prev 1.85%)\n\t<\/li>\n<li>\n\t\tNew Zealand Retail Sales Ex-Inflation (QoQ) Q4: 1.2% (exp 1.5% prev 1.6%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 14 Feb): 113.6 (prev 111.4)\n\t<\/li>\n<li>\n\t\tChina New Yuan Loans (CNY) Jan: CNY 2510.00 Bln (exp CNY 1900.0 Bln prev CNY 597.8 Bln)\n\t<\/li>\n<li>\n\t\tChina Money Supply M2 (YoY) Jan: 14.0% (exp 13.5% prev 13.3%)\n\t<\/li>\n<li>\n\t\tSouth Korea Trade Balance (Jan, F): USD 5.20 Bln (flash USD 5.30 Bln)\n\t<\/li>\n<li>\n\t\tBank of Korea Keeps Its Benchmark Repo Rate Unchanged At 1.50% As Expected\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5130 (prev 6.5118)\n\t<\/li>\n<li>\n\t\tJapan Ready To Work With G7 To Soothe Markets &#8212; RTRS\n\t<\/li>\n<li>\n\t\tJapanese FinMin Aso: Negative Rate will Be A Plus For Consumption &amp; Investment, Hopes Will Lead To Expansion &#8212; BBG\n\t<\/li>\n<li>\n\t\tJapanese Ecomin Ishihara: Need Time To Assess Effect Of BoJ Policy\n\t<\/li>\n<li>\n\t\tRBA Meeting Minutes: Low Inflation May Provide Scope To Ease If Appropriate\n\t<\/li>\n<li>\n\t\tRBA: Lower A$ To Exert Some Upward Pressure On Inflation\n\t<\/li>\n<li>\n\t\tRBA: Reasonable Prospects For Growth To Increase Gradually\n\t<\/li>\n<li>\n\t\tRBA: Very Low Rates Supporting Household Consumption Growth\n\t<\/li>\n<li>\n\t\tRBA: Stronger Jobs Growth Had Lowered Unemployment Forecast By 0.5%, Must Look If Effects Last\n\t<\/li>\n<li>\n\t\tRBA: China Has Scope To Respond If Economy Weaker Than Expected, To Slow Further, Markets Not Sure Of Beijing&rsquo;s Ability\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY extended gains overnight and led to broad USD strength in markets. The pair started the new trading day around 114.40 and rose to a high of 114.87 as equities rallied. The Euro, which was benefiting from the risk-off sentiment, is retracing some of the gains from last week and could test the 1.11 level soon. The key area to watch is 1.1050\/60 and break below would suggest the topside has been capped at 1.1375 for now and that a move back towards 1.09 is likely.\n<\/p>\n<p>\n\tThe Australian Dollar is holding well despite broad USD strength, but failed to break above the 0.7180 level once again. In Asia, it came under pressure and AUD\/USD fell from 0.7175 to 0.7130. Meanwhile, the New Zealand Dollar was the worst performing currency overnight, as it tumbled from 0.6675 to a low of 0.6590 amid lower inflation expectations.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.90 %, Shanghai Composite gained 2.85 %, Hang Seng rose 1.70 %, ASX 200 rallied 0.95 % Commodities: Gold at $1194 (-3.65 %), Silver at $15.17 (-3.95 %), WTI Oil at $30.75 (+4.45 %), Brent Oil at $34.65 (+3.85 %) Rates: US 10 year yield at 1.79, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-16th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 16th February: 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-16194","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\/16194","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=16194"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16194\/revisions"}],"predecessor-version":[{"id":16195,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16194\/revisions\/16195"}],"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=16194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}