{"id":13072,"date":"2015-04-22T04:43:39","date_gmt":"2015-04-22T04:43:39","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=12404"},"modified":"2015-05-20T08:27:37","modified_gmt":"2015-05-20T08:27:37","slug":"wednesday-22nd-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-22nd-april-european-open-briefing\/","title":{"rendered":"Wednesday 22nd April: 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 up 0.90 %, Shanghai Composite gained 1.75 %, Hang Seng rose 0.10 %, ASX declined 0.70 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCommodities: Gold at $1199 (-0.35 %), Silver at $15.93 (-0.50 %), WTI Oil at $55.96 (-1.15 %), Brent Oil at $61.61 (-0.95 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tRates: US 10 year yield at 1.907, UK 10 year yield at 1.571, German 10 year yield at 0.108\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 CPI 0.2 % q\/q, Expected: 0.2 %, Previous: 0.2 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia CPI 1.3 % y\/y, Expected: 1.3 %, Previous: 1.7 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia Trimmed Mean CPI 0.6 % q\/q, Expected: 0.6 %, Previous: 0.6 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia Trimmed Mean CPI 2.3 % y\/y, Expected: 2.2 %, Previous: 2.2 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia Weighted Mean CPI 2.4 % y\/y, Expected: 2.3 %, Previous: 2.4 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia MI Leading Index -0.3 %, Previous: 0.1 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Trade Balance &yen;229bln, Expected: &yen;50bln, Previous: -&yen;425bln\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Adjusted Trade Balance &yen;0.00trln, Expected: -&yen;0.41trln, Previous: -&yen;0.57trln\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Exports 8.5 % y\/y, Expected: 8.5 %, Previous: 2.4 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Imports -14.5 % y\/y, Expected: -12.8 %, Previous: -3.6 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tECB Demands 50% More In Greek Bank Collateral For Emergency Loans\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan stocks at 15-year peak, oil down as Saudi ends Yemen air campaign &#8211; RTRS\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tTrader arrested over role in 2010 &#39;flash crash&#39; &#8211; RTRS\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAsian Stocks Climb to Highest Since &rsquo;08 as Aussie Jumps on CPI &#8211; BBG\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tChina&rsquo;s Stocks Rise to Seven-Year High on Stimulus Speculation &#8211; BBG\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe Australian Dollar gained overnight after the release of the most recent inflation data. While the headline number arrived in line with expectations, the trimmed mean CPI beat expectations slightly. While most analysts think that this will not change the RBA&rsquo;s stance and the possibility of a rate cut next month, it was enough to cause some short covering in AUD\/USD and push the pair to a high at 0.7770. Meanwhile, AUD\/NZD rallied from 1.0060 to 1.0130 after the data release. There is a huge option expiry (A$3.1bln) tomorrow at 1.02 at the NY cut (1400 GMT), which might attract price if the pair is able to extend gains closer to the level.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t09:00 BST &#8211; Italian Industrial New Orders\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:00 BST &#8211; Italian Industrial Sales\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:30 BST &#8211; Bank of England Meeting Minutes\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t10:00 BST &#8211; Italian Retail Sales (0.3 % m\/m)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t12:00 BST &#8211; CBRT Rate Decision (7.25 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t15:00 BST &#8211; US Existing Home Sales (5.03mln, 3.0 % m\/m)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t15:00 BST &#8211; Euro Zone Consumer Confidence (-2.8)\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.90 %, Shanghai Composite gained 1.75 %, Hang Seng rose 0.10 %, ASX declined 0.70 % Commodities: Gold at $1199 (-0.35 %), Silver at $15.93 (-0.50 %), WTI Oil at $55.96 (-1.15 %), Brent Oil at $61.61 (-0.95 %) Rates: US 10 year yield at 1.907, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-22nd-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 22nd April: 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-13072","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\/13072","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=13072"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13072\/revisions"}],"predecessor-version":[{"id":13106,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13072\/revisions\/13106"}],"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=13072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}