{"id":18071,"date":"2016-09-02T10:30:04","date_gmt":"2016-09-02T05:00:04","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18071"},"modified":"2016-09-02T10:30:04","modified_gmt":"2016-09-02T05:00:04","slug":"friday-2nd-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-september-european-open-briefing\/","title":{"rendered":"Friday 2nd September: 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 0.40 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.40 %, ASX 200 lost 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1318 (+0.05 %), Silver at $19.05 (+0.50 %), WTI Oil at $43.35 (+0.50 %), Brent Oil at $45.70 (+0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.58, UK 10 year yield at 0.67, German 10 year yield at -0.07\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Monetary Base (YoY, Aug): 24.2% (est 23.10%, prev 24.70%)\n\t<\/li>\n<li>\n\t\tJapan Monetary Base End of Period (YoY Aug): JPY 404.5 trln (prev JPY 403.9 trln)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan at 6.6727 (prev fix 6.6784, prev close 6.6780)\n\t<\/li>\n<li>\n\t\tChinese yuan overtakes Mexican peso as most actively traded emerging market currency &#8211; RTRS\n\t<\/li>\n<li>\n\t\tPBoC&#39;s Yi: China has been successful in keeping yuan rate stable\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Sakurai: Plenty of scope to deepen negative rates, increase purchases, buy ETFs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tSakurai: BoJ Unlikely to Change 2 % Inflation Target, Won&#39;t Do Anything Seen as Retreat from Easy Policy in Sept Policy Review\n\t<\/li>\n<li>\n\t\tSakurai: BoJ May Consider Ways to Change Shape of JGB Yield Curve in Sept Review as Yield Curve Has Flattened More Than Expected\n\t<\/li>\n<li>\n\t\tSakurai: Impossible for BoJ to Adopt &#39;Helicopter Money&#39; Under Japan&#39;s Law\n\t<\/li>\n<li>\n\t\tRussian Energy Min Novak: Russia is ready for informal talks with OPEC in Algiers &#8211;BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar extended losses overnight, following a weak ISM manufacturing PMI release. It arrived at 49.4 vs. 52.0 expected. The focus today will be on US employment data, with the market expecting a 180k NFP print.\n<\/p>\n<p>\n\tEUR\/USD rallied from 1.1135 to 1.1190 post-ISM and extended gains to 1.1210 in Asia. GBP\/USD reached a high of 1.3315, but wasn&#39;t able to sustain gains and fell back to 1.3260 as Asia opened. It rose back to 1.3290 later in the session.\n<\/p>\n<p>\n\tUSD\/JPY fell a 100 pips, but remained relatively well bid in Asia, despite the broad USD weakness. The pair traded in a 103.15-45 range overnight.\n<\/p>\n<p>\n\tAUD\/USD started around 0.7545 in Asia and rallied to 0.7560, while NZD\/USD rose from 0.7275 to 0.7295.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Construction PMI\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; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t18:00 BST &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.40 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.40 %, ASX 200 lost 0.90 % Commodities: Gold at $1318 (+0.05 %), Silver at $19.05 (+0.50 %), WTI Oil at $43.35 (+0.50 %), Brent Oil at $45.70 (+0.50 %) Rates: US 10 year yield at 1.58, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 2nd September: 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-18071","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\/18071","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=18071"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18071\/revisions"}],"predecessor-version":[{"id":18073,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18071\/revisions\/18073"}],"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=18071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}