{"id":13084,"date":"2015-05-18T06:18:15","date_gmt":"2015-05-18T06:18:15","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=12768"},"modified":"2015-05-20T08:24:44","modified_gmt":"2015-05-20T08:24:44","slug":"monday-18th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-18th-may-european-open-briefing\/","title":{"rendered":"Monday 18th May: 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 gained 0.70 %, Shanghai Composite rose 0.05 %, Hang Seng declined 0.80 %, ASX fell 0.90 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCommodities: Gold at $1123 (-0.10 %), Silver at $17.60 (+0.30 %), WTI Oil at $60.68 (+0.20 %), Brent Oil at $66.95 (-0.05 %)\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tRates: US 10 year yield at 2.15, UK 10 year yield at 1.875, German 10 year yield at 0.635\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\tJapan Core Machinery Orders 2.6 % y\/y, Expected: -7.2 %, Previous: 5.9 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJapan Core Machinery Orders 2.9 % m\/m, Expected: 1.8 %, Previous: -0.4 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralia New Motor Vehicle Sales -1.5 %, Previous: 0.5 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tChina House Prices -6.1 % y\/y, Previous: -6.1 %\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tECB&rsquo;s Mersch: ECB Satisfied With Effects Of QE, No Plans To End It Early &#8212; RTRS\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tRBA Deputy Governor Lowe: May Rate Cut Will Reinforce Encouraging Signs In Spending\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLowe: RBA Treading Fine Line Between Consumption, Imbalances\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLowe: Some Normalization Of Global Rates Will Occur In Time\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLowe: Further Exchange Rate Fall Would Help Economic Transition\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLowe: Still Have Scope To Cut Rates If Required\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tLowe: RBA Does Not Provide Forward Guidance In Month When Monetary Policy Is Changed\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAustralian Treasurer Hockey: US Liftoff Delay Triggering AUD Volatility\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tOIS signal 95% chance that Reserve Bank of New Zealand will lower official cash rate by 25 bps to 3.25% at July meeting\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tSaudi-Led Coalition Resumes Airstrikes In Yemen &#8212; Al Arabiya\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tIran Hopes To Return To Pre-Sanctions Oil Exports Of About 2.5 Million Bpd In 3 Months Once Sanctions Lifted &#8212; RTRS\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tIran Deputy Oil Minister: Geopolitical Tensions in Middle East Boosting Oil Prices, Sees $80\/Bbl. By End 2016\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>CFTC Positioning Data:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\tEUR net short 179K vs. 190K short prior\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tJPY net short 23,593 vs. 31,183 short prior\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tGBP net short 30,769 vs. 24,758 short prior\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tAUD net long 4,487 vs. 626 long prior\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCAD net short 3,982 vs. 10,080 short prior\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\tCHF that long 10,550 vs. 5331 long prior\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t08:15 BST &#8211; Swiss Retail Sales\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:00 BST &#8211; Italian Trade Balance\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t15:00 BST &#8211; US NAHB Housing Market Index\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\t<strong>The Week Ahead (Key Data\/Events):<\/strong>\n<\/p>\n<p>\n\tTuesday, May 19th\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t02:30 BST &#8211; RBA Monetary Policy Meeting\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t04:00 BST &#8211; New Zealand Inflation Expectations\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:30 BST &#8211; UK CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t10:00 BST &#8211; German ZEW Economic Sentiment\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t10:00 BST &#8211; Euro Zone CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US Building Permits\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US Housing Starts\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t16:45 BST &#8211; Bank of Canada Governor Poloz speaks\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\tWednesday, May 20th\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t00:50 BST &#8211; Japan GDP\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\t19:00 BST &#8211; FOMC Meeting Minutes\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\tThursday, May 21th\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t02:45 BST &#8211; China HSCB Manufacturing PMI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t08:30 BST &#8211; German Manufacturing &amp; Services PMI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:00 BST &#8211; Euro Zone Manufacturing &amp; Services PMI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t09:30 BST &#8211; UK Retail Sales\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t15:00 BST &#8211; US Existing Home Sales\n\t\t<\/p>\n<\/li>\n<\/ul>\n<p>\n\tFriday, May 22th\n<\/p>\n<ul>\n<li>\n<p>\n\t\t\t07:00 BST &#8211; German GDP\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; US CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; Canadian CPI\n\t\t<\/p>\n<\/li>\n<li>\n<p>\n\t\t\t13:30 BST &#8211; Canadian Retail Sales\n\t\t<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 0.70 %, Shanghai Composite rose 0.05 %, Hang Seng declined 0.80 %, ASX fell 0.90 % Commodities: Gold at $1123 (-0.10 %), Silver at $17.60 (+0.30 %), WTI Oil at $60.68 (+0.20 %), Brent Oil at $66.95 (-0.05 %) Rates: US 10 year yield at 2.15, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-18th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 18th May: 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-13084","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\/13084","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=13084"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13084\/revisions"}],"predecessor-version":[{"id":13089,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13084\/revisions\/13089"}],"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=13084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}