{"id":17007,"date":"2016-05-17T10:08:44","date_gmt":"2016-05-17T04:38:44","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17007"},"modified":"2016-05-17T10:09:42","modified_gmt":"2016-05-17T04:39:42","slug":"tuesday-17th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-17th-may-european-open-briefing\/","title":{"rendered":"Tuesday 17th May: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\tAsian stock markets: Nikkei up 0.80 %, Shanghai Composite fell 0.40 %, Hang Seng rose 0.30 %, ASX 200 gained 0.55 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCommodities: Gold at $1280 (+0.50 %), Silver at $17.28 (+0.75 %), WTI Oil at $48.25 (+1.10 %), Brent Oil at $49.28 (+0.60 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tRates: US 10 year yield at 1.75, UK 10 year yield at 1.39, German 10 year yield at 0.15\n\t\t<\/p>\n<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<p>\n\t\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 15 May): 115.1 (prev 113.9)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tNew Zealand RBNZ 2 Year Inflation Expectations (Q2): 1.64% (prev 1.63%)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tPBoC Fixes Yuan At 6.5200 (prev 6.5343)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapanese FinMin Aso: G7 To Discuss International Taxation, Economy &amp; Development &#8212; BBG\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAso: Will Attach Utmost Importance To FX Stability At G7 &#8212; RTRS\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCorporate Japan Girds For Stronger Yen In Fiscal 2016 &#8212; Nikkei\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Centre For Economic Research Expects Real GDP Grew Just 0.28% In Q1\n\t\t<\/p>\n<\/li>\n<\/ul>\n<h4>\n\t<strong>RBA Meeting Minutes:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<p>\n\t\t\tRBA Minutes (May): Board Discussed Cutting Rate Or Awaiting More Data\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tWeakness In Domestic Cost Pressures Have Been Broad Based\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAppreciating A$ Could Complicate Economic Adjustment\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLess Momentum In Price Pressures Than Previously Thought\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tOutlook For China&#39;s Economy Continued To Be Key Issue\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLabour Cost Growth Could Pick Up Sooner As Job Market Improves\n\t\t<\/p>\n<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened overnight against most other major currencies, except the Euro and the Swiss Franc. EUR\/USD consolidated in a 1.1312-25 range, while USD\/CHF was stuck between 0.9770 and 0.9780.\n<\/p>\n<p>\n\tThe highest volatility was seen in AUD\/USD after the release of the RBA meeting minutes. There were no surprises in the minutes, but the Australian Dollar rallied nevertheless. AUD\/USD rose from 0.7285 to a high of 0.7365, while AUD\/JPY rallied back above 80.00.\n<\/p>\n<p>\n\tNZD\/USD was also lifted by the rally in AUD\/USD and it rose to 0.6840, up roughly 60 pips from the open. Meanwhile, rising oil prices continue to support the Canadian Dollar and USD\/CAD fell to 1.2845 overnight. Support is now seen at 1.2770.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<p>\n\t\t\t08:15 BST &#8211; Swiss PPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:00 BST &#8211; Italian Trade Balance\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:30 BST &#8211; UK CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t10:00 BST &#8211; Euro Zone Trade Balance\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US Building Permits\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US Housing Starts\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; Canadian Manufacturing Sales\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t14:15 BST &#8211; US Manufacturing Production\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t14:15 BST &#8211; US Industrial Production\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t17:00 BST &#8211; FOMC Member Williams speaks\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t17:00 BST &#8211; FOMC Member Lockhart speaks\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t\t<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.80 %, Shanghai Composite fell 0.40 %, Hang Seng rose 0.30 %, ASX 200 gained 0.55 % Commodities: Gold at $1280 (+0.50 %), Silver at $17.28 (+0.75 %), WTI Oil at $48.25 (+1.10 %), Brent Oil at $49.28 (+0.60 %) Rates: US 10 year yield at 1.75, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-17th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 17th 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-17007","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\/17007","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=17007"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17007\/revisions"}],"predecessor-version":[{"id":17009,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17007\/revisions\/17009"}],"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=17007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}