{"id":12850,"date":"2015-02-05T06:27:27","date_gmt":"2015-02-05T06:27:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=11443"},"modified":"2015-03-19T04:32:44","modified_gmt":"2015-03-19T04:32:44","slug":"thursday-5th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-february-european-open-briefing\/","title":{"rendered":"Thursday 5th February: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\tAsian stock markets: Nikkei down 0.75 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.50 %, ASX up 0.60 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCommodities: Gold at $1272 (+0.60 %), Silver at $17.44 (+0.30 %), WTI Oil at $48.42 (-0.05 %), Brent Oil at $54.45 (-0.20 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tRates: US 10 year yield at 1.742, UK 10 year yield at 1.521, German 10 year yield 0.367\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\tAustralia Retail Sales 0.2 % m\/m, Expected: 0.4 %, Previous: 0.1 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia Retail Sales 1.5 % y\/y, Expected: 1.0 %, Previous: 0.9 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia HIA New Home Sales -1.9 %, Previous: 2.2 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAsia Stocks Fall on Euro Concern; China Futures Jump amid Easing (BBG)\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tEUR\/USD fell to a low of 1.13 overnight as the ECB announced last night that the waiver that allowed Greece to swap its junk-rated debt for money would expire on February 11, well ahead of the previous deadline of February 28th. This happened despite a meeting between ECB President Draghi and the Greek Finance Minister. Dealers reported that leveraged funds resumed EUR-selling, but EUR\/JPY demand from Japanese names helped the pair recover to 1.1360. USD\/JPY continues to consolidate, with many waiting for the NFP release. 116.85 and 118.00 are now the key levels to watch for.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t07:00 GMT &#8211; German Factory Orders (1.5 % m\/m)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t12:00 GMT &#8211; Bank of England Interest Rate Decision (0.50 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 GMT &#8211; US Initial Jobless Claims (290k)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 GMT &#8211; US Trade Balance (-$38bln)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 GMT &#8211; Canadian Trade Balance (-C$1bln)\n\t\t<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.75 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.50 %, ASX up 0.60 % Commodities: Gold at $1272 (+0.60 %), Silver at $17.44 (+0.30 %), WTI Oil at $48.42 (-0.05 %), Brent Oil at $54.45 (-0.20 %) Rates: US 10 year yield at 1.742, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-5th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th February: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/12850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=12850"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/12850\/revisions"}],"predecessor-version":[{"id":12860,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/12850\/revisions\/12860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=12850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=12850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=12850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}