{"id":17132,"date":"2016-05-31T10:02:12","date_gmt":"2016-05-31T04:32:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17132"},"modified":"2016-05-31T10:02:12","modified_gmt":"2016-05-31T04:32:12","slug":"tuesday-31th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-31th-may-european-open-briefing\/","title":{"rendered":"Tuesday 31th May: 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 0.70 %, Shanghai Composite gained 2.40 %, Hang Seng rose 1.40 %, ASX 200 lost 0.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1215 (-0.15 %), Silver at $16.14 (-0.80 %), WTI Oil at $49.55 (+0.45 %), Brent Oil at $50.22 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.86, UK 10 year yield at 1.43, German 10 year yield at 0.17\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Current Account (AUD) (Q1): -20.8bn (est -19.5B, prev -22.6B)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (MoM) (Apr): 0.50% (est 0.50%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (MoM) (Apr): +3.0% (est -3.00%, prev 2.90%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY) (Apr): 0.70% (est -6.70%, prev -5.40%)\n\t<\/li>\n<li>\n\t\tJapan Real Household Spending (YoY) (Apr): -0.40% (est -1.30%, prev -5.30%)\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate (Apr): 3.20% (est 3.20%, prev 3.20%)\n\t<\/li>\n<li>\n\t\tJapan Job-to -Applicant Ratio (Apr): 1.34 (est 1.30, prev 1.30)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) (Apr P): 0.30% (est -1.50%, prev 3.80%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY) (Apr P): -3.50% (est 0.20%, prev 0.20%)\n\t<\/li>\n<li>\n\t\tNew Zealand Building Permits MoM (Apr): +6.60% (prev -9.80%)\n\t<\/li>\n<li>\n\t\tNew Zealand NBNZ Business Confidence (May): 11.3 (prev 6.2)\n\t<\/li>\n<li>\n\t\tNew Zealand NBNZ Activity Outlook (May): 30.4 (prev 32.1)\n\t<\/li>\n<li>\n\t\tNew Zealand M3 Money Supply (YoY, Apr): 7.80% (prev 7.80%)\n\t<\/li>\n<li>\n\t\tUK Lloyds Business Barometer (May): 32 (prev 38)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan at 6.5790 (prev fix 6.5784, prev close 6.5815)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar retraced some of its recent gains overnight. The Australian Dollar rallied after better than expected AUS trade data. AUD\/USD reached a high of 0.7250, up roughly 70 pips from where it was trading before the data release. AUD\/JPY rallied from 79.80 to 80.70.\n<\/p>\n<p>\n\tThis also boosted the New Zealand Dollar, which rose from 0.6690 to 0.6730 against the USD. The Canadian Dollar also strengthened, partly due to the rise in oil prices. USD\/CAD fell from 1.3055 in the early session to a low of 1.3018.\n<\/p>\n<p>\n\tUSD\/JPY remains well bid. It briefly fell to 110.80 after the Tokyo open, but bounced from there and rose back to 111.30. EUR\/USD was quiet as usual, trading in a 1.1135-55 range.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\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 CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.70 %, Shanghai Composite gained 2.40 %, Hang Seng rose 1.40 %, ASX 200 lost 0.25 % Commodities: Gold at $1215 (-0.15 %), Silver at $16.14 (-0.80 %), WTI Oil at $49.55 (+0.45 %), Brent Oil at $50.22 (-0.30 %) Rates: US 10 year yield at 1.86, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-31th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 31th 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-17132","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\/17132","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=17132"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17132\/revisions"}],"predecessor-version":[{"id":17133,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17132\/revisions\/17133"}],"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=17132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}