{"id":18547,"date":"2016-10-13T10:26:23","date_gmt":"2016-10-13T04:56:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18547"},"modified":"2016-10-13T10:26:23","modified_gmt":"2016-10-13T04:56:23","slug":"thursday-13th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-13th-october-european-open-briefing\/","title":{"rendered":"Thursday 13th October: 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 fell 1.20 %, ASX 200 declined 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1262 (+0.70 %), Silver at $17.68 (+1.00 %), WTI Oil at $49.80 (-0.75 %), Brent Oil at $51.50 (-0.65 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.74, UK 10 year yield at 1.04, 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\tChina Trade Balance (USD) Sep: 41.99B (est. 53.00B, prev. 52.05B)\n\t<\/li>\n<li>\n\t\tChina Exports (YoY) (USD) Sep: -10.0% (est. -3.30%, prev. -2.80%)\n\t<\/li>\n<li>\n\t\tChina Imports (YoY) (USD) Sep: -1.9% (est. 0.60%, prev. 1.50%)\n\t<\/li>\n<li>\n\t\tBank of Korea leaves rates unchanged at 1.25% as expected\n\t<\/li>\n<li>\n\t\tAustralia Consumer Inflation Expectations Oct: 3.7% (prev. 3.30%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Consumer Confidence (MoM) Oct: 1.6% (prev. 2.80%)\n\t<\/li>\n<li>\n\t\tNew Zealand REINZ House Sales (Sep, YoY): -9.5% (prev -3.10%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Job Advertisements (MoM) Sep: 0.3% (prev. 3.20%)\n\t<\/li>\n<li>\n\t\tNew Zealand Business NZ Manufacturing PMI Sep: 57.7 (prev. 55.1)\n\t<\/li>\n<li>\n\t\tUK RICS House Price Balance Sep: 17% (est. 14%, prev. 12%)\n\t<\/li>\n<li>\n\t\tFitch say that Australia housing slump is a greater credit risk to the country than that posed by China\n\t<\/li>\n<li>\n\t\tPBOC sets USD\/CNY mid-point at 6.7296 (prev. fix 6.7258, prev. close 6.7200)\n\t<\/li>\n<li>\n\t\tAsia stocks stumble as weak China trade data raise growth concerns &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina September exports fall more than expected, imports back in contraction &#8211; RTRS\n\t<\/li>\n<li>\n\t\tBOJ likely to cut inflation forecasts, wary of easing: sources &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tWhile the release of the FOMC minutes was a non-event, the US Dollar continued to strengthen in Asia. EUR\/USD is trading close to 1.10 and a break seems imminent. Meanwhile, GBP\/USD resumed its decline as it fell from 1.2210 to 1.2160. The risk-off sentiment weighed on USD\/JPY as well, which dropped from 104.60 to 103.60.\n<\/p>\n<p>\n\tThe commodity currencies are under renewed pressure as AUD\/USD broke below 0.7530 support. While the Australian Dollar has been resilient in the past few trading days, the break sub-0.7530 signals that further losses are ahead and that it could test 0.7440 support soon. Meanwhile, NZD\/USD was relatively quiet as it traded within a 0.7035-70 range overnight.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Housing Price Index\n\t<\/li>\n<li>\n\t\t16:00 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.40 %, Shanghai Composite gained 0.05 %, Hang Seng fell 1.20 %, ASX 200 declined 0.80 % Commodities: Gold at $1262 (+0.70 %), Silver at $17.68 (+1.00 %), WTI Oil at $49.80 (-0.75 %), Brent Oil at $51.50 (-0.65 %) Rates: US 10 year yield at 1.74, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-13th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 13th October: 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-18547","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\/18547","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=18547"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18547\/revisions"}],"predecessor-version":[{"id":18549,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18547\/revisions\/18549"}],"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=18547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}