{"id":18896,"date":"2016-11-14T11:24:13","date_gmt":"2016-11-14T05:54:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18896"},"modified":"2016-11-14T11:25:52","modified_gmt":"2016-11-14T05:55:52","slug":"monday-14th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-14th-november-european-open-briefing\/","title":{"rendered":"Monday 14th November: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<div>\n\t\t\tAsian stock markets: Nikkei up 1.80 %, Shanghai Composite rose 0.60 %; Hang Seng fell 1.30 %, ASX 200 declined 0.50 %\n\t\t<\/div>\n<\/li>\n<li>\n\t\tCommodities: Gold at $1213 (-0.90 %), Silver at $17.15 (-1.30 %), WTI Oil at $43.30 (-0.25 %), Brent Oil at $44.75 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.22, UK 10 year yield at 1.37, German 10 year yield at 0.32\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<div>\n\t\t\tChina Retail Sales (YoY) Oct: 10.0% (est. 10.70%, prev. 10.70%)\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tChina Industrial Production (YoY) Oct: 6.1% (est. 6.20%, prev. 6.10%)\n\t\t<\/div>\n<\/li>\n<li>\n\t\tChina Fixed Asset Investment (YoY) Oct: 8.3% (est. 8.20%, prev. 8.20%)\n\t<\/li>\n<li>\n\t\tJapan GDP (QoQ) Q3: 0.5% (est. 0.2%, prev. 0.30%)\n\t<\/li>\n<li>\n\t\tJapan GDP (YoY) Q3: 2.2% (est. 0.9%, prev. 1.3%)\n\t<\/li>\n<li>\n\t\tJapan Capacity Utilization -2.0% (MoM) Sep: (prev. 2.60%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) Sep: 0.6% (prev. 0.0%)\n\t<\/li>\n<li>\n\t\tPBOC set USD\/CNY mid-point at 6.8291 (prev. close 6.8160, prev fix 6.8115)\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Kuroda: Will change policy as needed in order to hit 2% inflation target; expects inflation to move towards 2% steadily\n\t<\/li>\n<li>\n\t\tNew Zealand quake damage bill at least &#39;a couple of billion dollars&#39;: PM Key\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<div>\n\tThe US Dollar extended gains against all other major currencies overnight. EUR\/USD opened at 1.0840 in Asia and declined to 1.0770, while Cable started the trading day at 1.2570 and fell to a low of 1.2510. The largest move in the major pairs was seen in USD\/JPY, which rallied from 106.80 to 107.60. The pair remains very well bid, and with 107.50 now cleared the next bull target is 110.\n<\/div>\n<div>\n\tAUD\/UD opened around 0.7560 in Asia and fell to a low of 0.7525. NZD\/USD declined from 0.7140 at the open to 0.7075, and was under additional pressure because of the earthquake in New Zealand yesterday. The country&#39;s prime minister spoke earlier, and said that the damage bill will be at least several billion dollars.\n<\/div>\n<p>\n\tGold extended losses as well, and reached a low of $1212 in Asia. There is now little support until $1198\/1200, and we will likely see a test of that area in the near-term.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<div>\n\t\t\t08:15 GMT &#8211; Swiss PPI\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t\t<\/div>\n<\/li>\n<li>\n\t\t15:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t18:20 GMT &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Retail Sales\n\t<\/li>\n<li>\n\t\t22:00 GMT &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<h4>\n\t<u>Tuesday, November 15th<\/u><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; RBA Governor Lowe speaks\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; UK Inflation Report Hearings\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US NY Empire State Manufacturing Index\n\t<\/li>\n<li>\n\t\t18:30 GMT &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, November 16th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Wage Price Index\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Swiss ZEW Expectations\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; FOMC Member Harker speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, November 17th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Unemployment Rate\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia Employment Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Philadelphia Fed Manufacturing Index\n\t<\/li>\n<li>\n\t\t13:50 GMT &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Fed Chair Yellen testifies\n\t<\/li>\n<li>\n\t\t17:30 GMT &#8211; FOMC Member Brainard speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, November 18th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t10:30 GMT &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t14:30 GMT &#8211; FOMC Member George speaks\n\t<\/li>\n<li>\n\t\t18:30 GMT &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.80 %, Shanghai Composite rose 0.60 %; Hang Seng fell 1.30 %, ASX 200 declined 0.50 % Commodities: Gold at $1213 (-0.90 %), Silver at $17.15 (-1.30 %), WTI Oil at $43.30 (-0.25 %), Brent Oil at $44.75 (-0.05 %) Rates: US 10 year yield at 2.22, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-14th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 14th November: 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-18896","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\/18896","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=18896"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18896\/revisions"}],"predecessor-version":[{"id":18898,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18896\/revisions\/18898"}],"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=18896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}