{"id":17171,"date":"2016-06-03T10:10:08","date_gmt":"2016-06-03T04:40:08","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17171"},"modified":"2016-06-03T10:10:08","modified_gmt":"2016-06-03T04:40:08","slug":"friday-3rd-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-3rd-june-european-open-briefing\/","title":{"rendered":"Friday 3rd June: 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 0.40 %, Shanghai Composite fell 0.05 %, Hang Seng gained 0.30 %, ASX 200 rose 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1213 (+0.10 %), Silver at $16.02 (-0.05 %), WTI Oil at $49.17 (+0.01 %), Brent Oil at $50.02 (-0.04 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 0.81, UK 10 year yield at 1.34, German 10 year yield at 0.11\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Caixin Services PMI (May): 51.2 (prev 51.8)\n\t<\/li>\n<li>\n\t\tChina Caixin Composite PMI (May): 50.5 (prev 50.8)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Services PMI (May): 50.4 (prev 49.3)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI (May): 49.2 (prev 48.9)\n\t<\/li>\n<li>\n\t\tJapan Labour Cash Earnings YoY (Apr): 0.30% (est 0.90% vs prev rev 1.5%) Japan Real Cash Earnings YoY (Apr): 0.60% (prev rev 1.6%)\n\t<\/li>\n<li>\n\t\tNZ ANZ Commodity Price (May): 1.0% (prev -0.80%)\n\t<\/li>\n<li>\n\t\tECB&#39;s Draghi: Expect rates to remain low for an extended time &#8211;BBG\n\t<\/li>\n<li>\n\t\tDraghi: Inflation rates will remain low and negative over the next few months &#8211;BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tWeaker than expected Chinese Services PMI numbers weighed on risk sentiment overnight and benefited the Japanese Yen. USD\/JPY extended its losses to 108.57, down 0.25 % on the day. Traders are now waiting for US employment data at 13:30 BST today.\n<\/p>\n<p>\n\tThe ECB meeting yesterday proved to be a non-event and the Euro barely reacted to it. EUR\/USD was caught in a 1.1140-60 range overnight. GBP\/USD volatility has been subdued as well, with the pair consolidating between 1.44 and 1.4425.\n<\/p>\n<p>\n\tThe Australian Dollar declined slightly after the Chinese data was released, but eventually retraced the losses and climbed back to 0.7240. NZD\/USD remains very well bid, with the pair rising to 0.6835 overnight. Resistance now lies at 0.6840-45 and a break above would suggest a move towards 0.70 could be possible in the near-term.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, Shanghai Composite fell 0.05 %, Hang Seng gained 0.30 %, ASX 200 rose 0.70 % Commodities: Gold at $1213 (+0.10 %), Silver at $16.02 (-0.05 %), WTI Oil at $49.17 (+0.01 %), Brent Oil at $50.02 (-0.04 %) Rates: US 10 year yield at 0.81, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-3rd-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 3rd June: 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-17171","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\/17171","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=17171"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17171\/revisions"}],"predecessor-version":[{"id":17172,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17171\/revisions\/17172"}],"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=17171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}