{"id":17733,"date":"2016-08-03T10:27:11","date_gmt":"2016-08-03T04:57:11","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17733"},"modified":"2016-08-03T10:30:21","modified_gmt":"2016-08-03T05:00:21","slug":"wednesday-3rd-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-3rd-august-european-open-briefing\/","title":{"rendered":"Wednesday 3rd August: 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 1.90 %, Shanghai Composite gained 0.25 %, Hang Seng lost 1.80 %, ASX 200 declined 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1371 (-0.05 %), Silver at $20.71 (+0.05 %), WTI Oil at $39.69 (+0.50 %), Brent Oil at $41.95 (+0.33 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.55, UK 10 year yield at 0.80, German 10 year yield at -0.03\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 (Jul): 51.7 (prev 52.7)\n\t<\/li>\n<li>\n\t\tChina Caixin Composite PMI (Jul): 51.9 (prev 50.3)\n\t<\/li>\n<li>\n\t\tAustralia AiG PSI (Jul): 53.9 (prev 51.3)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Services PMI (Jul): 50.4 (prev 49.4)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI (Jul): 50.1 (prev 49.0)\n\t<\/li>\n<li>\n\t\tNew Zealand Average Hourly Earnings (QoQ) Q2: 0.8% (exp 0.9% prev 0.3%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price Index (MoM) Jul: 2.0% (prev 3.7%)\n\t<\/li>\n<li>\n\t\tUK BRC Shop Price Index (YoY) Jul: -1.6% (prev -2.0%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate at 6.6195 (prev 6.6451)\n\t<\/li>\n<li>\n\t\tFed&#39;s Lockhart: Underlying Information On U.S. Economic Growth More Encouraging Than Headline GDP Number &#8212; CNBC\n\t<\/li>\n<li>\n\t\tLockhart: He Doesn&#39;t Rule Out Rate Hike at Next Fed Meeting or Later\n\t<\/li>\n<li>\n\t\tRTRS\/IPSOS Poll Puts Clinton&#39;s Lead Over Trump at 8% (prev 6%)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY came under renewed pressure as Asian stock markets declined. The pair traded around 101.30 at the Tokyo open and declined to a low of 100.75 later in the session. Support is seen at 100.70, but a break below would likely lead to a retest of the 100 level.\n<\/p>\n<p>\n\tEUR\/USD fell slightly in the Asian session, but remains bid overall and bounced off 1.1210. Short-term techs look bullish and further gains seem likely, with little resistance now until 1.14. GBP\/USD declined as well overnight, from 1.3360 in the early session to 1.3315.\n<\/p>\n<p>\n\tThe NZ Dollar fell after weak New Zealand employment data. NZD\/USD fell from 0.7245 to 0.7195, while AUD\/NZD rallied 1.05 to 1.0560.\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\t13:15 BST &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.90 %, Shanghai Composite gained 0.25 %, Hang Seng lost 1.80 %, ASX 200 declined 1.30 % Commodities: Gold at $1371 (-0.05 %), Silver at $20.71 (+0.05 %), WTI Oil at $39.69 (+0.50 %), Brent Oil at $41.95 (+0.33 %) Rates: US 10 year yield at 1.55, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-3rd-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 3rd August: 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-17733","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\/17733","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=17733"}],"version-history":[{"count":3,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17733\/revisions"}],"predecessor-version":[{"id":17736,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17733\/revisions\/17736"}],"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=17733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}