{"id":16921,"date":"2016-05-09T09:27:58","date_gmt":"2016-05-09T03:57:58","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16921"},"modified":"2016-05-09T09:27:58","modified_gmt":"2016-05-09T03:57:58","slug":"monday-9th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-9th-may-european-open-briefing\/","title":{"rendered":"Monday 9th May: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.55 %, Shanghai Composite fell 1.60 %, Hang Seng rose 0.65 %, ASX 200 fell 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1288 (-0.45 %), Silver at $17.45 (-0.40 %), WTI Oil at $45.60 (+2.05 %), Brent Oil at $46.05 (+1.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.79, UK 10 year yield at 1.42, German 10 year yield at 0.15\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tChina Trade Balance (Apr): USD 45.56bln (exp USD 40.00bln prev USD 29.86bln)\n\t<\/li>\n<li>\n\t\tChina Exports (YoY) Apr: -1.8% (exp 0.0% prev 11.5%)\n\t<\/li>\n<li>\n\t\tChina Imports (YoY) Apr: -10.9% (exp -4.0% prev -7.6%)\n\t<\/li>\n<li>\n\t\tLatest UK EU YouGov Poll: 42% Remain 40% Leave\n\t<\/li>\n<li>\n\t\tBoE Prepares For Rate Cut In Event Of Brexit &#8212; Sunday Times\n\t<\/li>\n<li>\n\t\tAsia subdued after soft U.S. jobs data, crude oil soars &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil up 2 percent as wildfires threaten Canada supply, Saudi moves eyed &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar off to subdued start, Aussie unmoved by China trade data &#8211; RTRS\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>CFTC Positioning Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tEUR short 23K vs. 40K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 40K vs. 49K short prior week\n\t<\/li>\n<li>\n\t\tJPY long&nbsp; 61K vs 66K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 19K vs 12K long prior week\n\t<\/li>\n<li>\n\t\tCHF long 7K vs. 9K long prior week\n\t<\/li>\n<li>\n\t\tAUD long 52K vs 59K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 9K vs 7K long prior week\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe US Dollar strengthened against most currencies overnight, despite the weaker than expected NFP number on Friday. EUR\/USD opened around 1.1395 yesterday and fell to a low of 1.1380, before bouncing back to 1.14. GBP\/USD rose initially to 1.4435, but declined to 1.4405 in the later session. USD\/JPY started the new trading week around 107.05 and rallied to a high of 107.60 after the Tokyo open.\n<\/p>\n<p>\n\tThe commodity currencies are slightly higher this morning. AUD\/USD opened around 0.7350 and reached a high of 0.7385, while NZD\/USD rose from 0.6820 to 0.6850. USD\/CAD fell from 1.2950 to 1.2915.<a name=\"_GoBack\"><\/a>\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Employment Trends Index\n\t<\/li>\n<li>\n\t\t18:00 BST &#8211; FOMC Member Kashkari speaks\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36pt;\">\n\t<strong>The Week Ahead:<\/strong>\n<\/p>\n<p style=\"margin-left:36pt;\">\n\t<u>Tuesday, May 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Chinese CPI\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Chinese PPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Wholesale Inventories\n\t<\/li>\n<li>\n\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<li>\n\t\t22:05 BST &#8211; RBNZ Governor Wheeler speaks\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36pt;\">\n\t&nbsp;\n<\/p>\n<p style=\"margin-left:36pt;\">\n\t<u>Wednesday, May 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:30 BST &#8211; Australian Westpac Consumer Sentiment\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Home Loans\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36pt;\">\n\t&nbsp;\n<\/p>\n<p style=\"margin-left:36pt;\">\n\t<u>Thursday, May 12th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese Current Account\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; Australia MI Inflation Expectations\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German WPI\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish CPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Norges Bank Rate Decision\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t12:00 BST &#8211; Bank of England Rate Decision\n\t<\/li>\n<li>\n\t\t12:00 BST &#8211; Bank of England Inflation Report\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian New Housing Price Index\n\t<\/li>\n<li>\n\t\t16:00 BST &#8211; FOMC Member Mester speaks\n\t<\/li>\n<li>\n\t\t16:45 BST &#8211; FOMC Member Rosengren speaks\n\t<\/li>\n<li>\n\t\t18:30 BST &#8211; FOMC Member George speaks\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Retail Sales\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:36pt;\">\n\t&nbsp;\n<\/p>\n<p style=\"margin-left:36pt;\">\n\t<u>Friday, May 13th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t04:30 BST &#8211; Bank of England Governor Kuroda speaks\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German GDP\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US PPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; US CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.55 %, Shanghai Composite fell 1.60 %, Hang Seng rose 0.65 %, ASX 200 fell 0.35 % Commodities: Gold at $1288 (-0.45 %), Silver at $17.45 (-0.40 %), WTI Oil at $45.60 (+2.05 %), Brent Oil at $46.05 (+1.50 %) Rates: US 10 year yield at 1.79, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-9th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 9th May: 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-16921","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\/16921","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=16921"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16921\/revisions"}],"predecessor-version":[{"id":16922,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16921\/revisions\/16922"}],"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=16921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}