{"id":18138,"date":"2016-09-08T10:37:45","date_gmt":"2016-09-08T05:07:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18138"},"modified":"2016-09-08T10:37:45","modified_gmt":"2016-09-08T05:07:45","slug":"thursday-8th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-september-european-open-briefing\/","title":{"rendered":"Thursday 8th 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 0.90 %, Shanghai Composite fell 0.05 %, Hang Seng rallied 0.30 %, ASX 200 declined 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1351 (+0.15 %), Silver at $19.96 (+0.50 %), WTI Oil at $46.20 (+0.15 %), Brent Oil at $48.60 (+1.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.53, UK 10 year yield at 0.68, German 10 year yield at -0.12\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Trade Balance (USD) (Aug): 52.05bn (est 58.00bn, prev 52.31bn)\n\t<\/li>\n<li>\n\t\tChina Exports (YoY, Aug): -2.80% (est -4.00%, prev -4.40%)\n\t<\/li>\n<li>\n\t\tChina Imports (YoY, Aug): +1.50% (est -4.90%, prev -12.50%)\n\t<\/li>\n<li>\n\t\tJapan GDP Annualised SA (QoQ, Q2 F): 0.70% (est 0.20%, prev 0.20%)\n\t<\/li>\n<li>\n\t\tJapan Adjusted Current Account (JPY) (Jul): 1447.8bn (est 1573.7bn, prev 1648.4bn)\n\t<\/li>\n<li>\n\t\tJapan Current Account NSA (JPY) (Jul): 1938.2bn (est 2090bn, prev 974.4bn)\n\t<\/li>\n<li>\n\t\tJapan Trade Balance BOP Basis (Jul) 613.9bn (est 571.2bn, prev 763.6bn)\n\t<\/li>\n<li>\n\t\tAustralia Trade Balance (Jul): -2.41bn (est -2.75bn, prev -3.195bn)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Inflation (MoM, Aug): +0.10% (prev -0.30%)\n\t<\/li>\n<li>\n\t\tUK RICS House Price Balance (Aug): +12 (est +6, prev +5)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan @ 6.6620 (prev fix 6.6555, prev close 6.6610)\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Nakaso: Depending on growth and inflation, further measures must still be deemed as necessary &#8212; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD was quiet overnight as traders are waiting for the ECB rate decision today at 12:45 BST. The central bank is expected to keep rates unchanged, but there are speculations that it may extend its QE programme. President Draghi will hold a press conference at 13:30 BST. EUR\/USD traded 1.1235-60 in Asia.\n<\/p>\n<p>\n\tGBP\/USD started the day around 1.3330 and made it to a high of 1.3360 after the Tokyo open. The commodity currencies are slightly up on the day, with AUD\/USD rising from 0.7665 to 0.7685 and NZD\/USD climbing from 0.7445 to 0.7475. USD\/CAD saw high volatility yesterday amid a Bank of Canada rate announcement and a surprise in API oil inventory data. The rally in Oil pushed USD\/CAD lower and it fell from 1.29 to 1.2865 in Asia.\n<\/p>\n<p>\n\tUSD\/JPY rallied from 101.65 to 101.85 ahead of the Tokyo open, but was unable to sustain momentum and eventually fell back to 101.40.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.90 %, Shanghai Composite fell 0.05 %, Hang Seng rallied 0.30 %, ASX 200 declined 1.00 % Commodities: Gold at $1351 (+0.15 %), Silver at $19.96 (+0.50 %), WTI Oil at $46.20 (+0.15 %), Brent Oil at $48.60 (+1.30 %) Rates: US 10 year yield at 1.53, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 8th 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-18138","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\/18138","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=18138"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18138\/revisions"}],"predecessor-version":[{"id":18140,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18138\/revisions\/18140"}],"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=18138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}