{"id":17370,"date":"2016-06-24T10:18:04","date_gmt":"2016-06-24T04:48:04","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17370"},"modified":"2016-06-24T10:18:04","modified_gmt":"2016-06-24T04:48:04","slug":"friday-24th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-24th-june-european-open-briefing\/","title":{"rendered":"Friday 24th 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 down 7 %, Shanghai Composite fell 1.20 %, Hang Seng lost 4.60 %, ASX 200 declined 3.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1234 (+4.80 %), Silver at $17.71 (+2.00 %), WTI Oil at $47.30 (-5.65 %), Brent Oil at $48.10 (-5.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.50, UK 10 year yield at 1.383, German 10 year yield at 0.10\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan PPI Services (YoY) May: 0.20% (est. 0.10%, prev. 0.20%)\n\t<\/li>\n<li>\n\t\tChaos reigns in markets as UK vote to Leave EU; GBP\/USD -9.5%, USD\/JPY -5.5%, HSBC falls 11.3% in Hong Kong, Topix -8%\n\t<\/li>\n<li>\n\t\tITV and BBC both predict victory for Leave in EU Referendum\n\t<\/li>\n<li>\n\t\tSterling, stocks in free fall as UK on brink of Brexit &#8211; RTRS\n\t<\/li>\n<li>\n\t\tMarkets Jolted Worldwide as BBC Projects Brexit; Yen, Gold Jump &ndash; BBG\n\t<\/li>\n<li>\n\t\tJapan Finance Minister Aso: Concerned about Brexit impact on markets, will respond as needed\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe British Pound is collapsing after it is now certain the UK has voted to leave the European Union. GBP has declined more than 10 % against the USD and continues to post fresh lows. Further losses seem likely. The Euro is also under pressure and broke below 1.10 earlier.\n<\/p>\n<p>\n\tMeanwhile, the safe havens are benefiting from the risk-off environment, especially the Japanese Yen. USD\/JPY traded as low as 98.95 and it took intervention from Japan&rsquo;s government to stop the decline. Japanese&rsquo;s finance minister Aso was talking earlier, saying that Japan will respond as needed to sharp FX moves.\n<\/p>\n<p>\n\tThe commodity currencies suffered as well, with the Australian Dollar down to 0.73 from 0.7640 earlier and NZD\/USD dropping from 0.73 to 0.70. Meanwhile, precious metals have rallied with Gold breaking above $1350 and Silver trading as high as $18.30.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Durable Goods Orders\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 down 7 %, Shanghai Composite fell 1.20 %, Hang Seng lost 4.60 %, ASX 200 declined 3.60 % Commodities: Gold at $1234 (+4.80 %), Silver at $17.71 (+2.00 %), WTI Oil at $47.30 (-5.65 %), Brent Oil at $48.10 (-5.50 %) Rates: US 10 year yield at 1.50, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-24th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 24th 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-17370","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\/17370","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=17370"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17370\/revisions"}],"predecessor-version":[{"id":17371,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17370\/revisions\/17371"}],"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=17370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}