{"id":18154,"date":"2016-09-09T10:41:17","date_gmt":"2016-09-09T05:11:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18154"},"modified":"2016-09-09T10:41:17","modified_gmt":"2016-09-09T05:11:17","slug":"friday-9th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-9th-september-european-open-briefing\/","title":{"rendered":"Friday 9th 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 up 0.15 %, Shanghai Composite gained 0.05 %, Hang Seng rallied 1.00 %, ASX 200 declined 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1342 (+0.10 %), Silver at $19.69 (+0.10 %), WTI Oil at $47.20 (-0.80 %), Brent Oil at $49.50 (-0.95 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.60, UK 10 year yield at 0.77, German 10 year yield at -0.06\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tBank of Korea keeps rates unchanged at 1.25%\n\t<\/li>\n<li>\n\t\tChina CPI (YoY, Aug): 1.30% (est 1.70%, prev 1.80%)\n\t<\/li>\n<li>\n\t\tChina CPI (MoM, Aug): 0.10% (est 0.30%, prev 0.20%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY, Aug): -0.80% (est -0.90%, prev -1.70%)\n\t<\/li>\n<li>\n\t\tAustralia Housing Finance (MoM, Jul): -4.20% (est -1.50%, prev rev 1.70%)\n\t<\/li>\n<li>\n\t\tNew Zealand Card Spending Retail Sales (MoM, Aug): -0.40% (prev rev 0.20%)\n\t<\/li>\n<li>\n\t\tNew Zealand Card Spending Retail Sales (YoY, Aug): 3.70% (prev 5.80%)\n\t<\/li>\n<li>\n\t\tJapan M3 Money Stock (YoY, Aug): 2.80% (est 2.90%, prev 2.90%)\n\t<\/li>\n<li>\n\t\tJapan M2 Money Stock (YoY, Aug): 3.30% (est 3.30%, prev 3.30%)\n\t<\/li>\n<li>\n\t\tJapan Tertiary Industry Activity Index (MoM, Jul): 0.30% (est 0.40%, prev rev to 0.70% from 0.80%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan @ 6.6684 (prev fix 6.6620, prev close 6.6650)\n\t<\/li>\n<li>\n\t\tOil pulls back after big jump on U.S. crude stock draw &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar off overnight highs, on track for weekly losses &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina&#39;s Aug inflation trends point to stabilizing economy &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsian shares slip on North Korea nuclear test reports, ECB disappointment &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Euro is back to where it was before the ECB meeting as the central bank did not reveal a lot of new information. EUR\/USD briefly rallied to 1.1330 as the ECB decided to keep rates and the size &amp; duration of their QE programme unchanged, but it quickly reversed and eventually fell back to 1.1240 into the NY close. In Asia, the pair recovered and rose to a high of 1.1285.\n<\/p>\n<p>\n\tGBP\/USD bounced along with the Euro and rose to a high of 1.3335. The Pound remains resilient overall, as recent UK economic data has been better than expected by many market participants.\n<\/p>\n<p>\n\tThe Yen gained overnight, as news of a North Korea nuclear test led to a slight risk-off sentiment in markets. USD\/JPY declined from 102.50 in the early Asian session to a low of 102.00.\n<\/p>\n<p>\n\tCommodity currencies are almost unchanged on the day. AUD\/USD traded in a 0.7635-55 range overnight, while NZD\/USD consolidated between 0.7390 and 0.7410.\n<\/p>\n<p>\n\tThe main events today will be UK trade data at 09:30 BST and Canadian employment data at 13:30 BST.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canada Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canada Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canada Unemployment Rate\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 up 0.15 %, Shanghai Composite gained 0.05 %, Hang Seng rallied 1.00 %, ASX 200 declined 0.80 % Commodities: Gold at $1342 (+0.10 %), Silver at $19.69 (+0.10 %), WTI Oil at $47.20 (-0.80 %), Brent Oil at $49.50 (-0.95 %) Rates: US 10 year yield at 1.60, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-9th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 9th 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-18154","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\/18154","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=18154"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18154\/revisions"}],"predecessor-version":[{"id":18156,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18154\/revisions\/18156"}],"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=18154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}