{"id":13474,"date":"2015-06-05T05:11:26","date_gmt":"2015-06-05T05:11:26","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=13474"},"modified":"2015-06-05T05:11:26","modified_gmt":"2015-06-05T05:11:26","slug":"friday-5th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-5th-june-european-open-briefing\/","title":{"rendered":"Friday 5th June: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.45 %, Shanghai Composite lost 0.10 %, Hang Seng declined 0.90 %, ASX fell 0.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1177 (+0.20 %), Silver at $16.13 (+0.20 %), WTI Oil at $58.10 (+0.15 %), Brent Oil at $62.25 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.32, UK 10 year yield at 2.01, German 10 year yield at 0.83\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAustralia AIG Construction Index 47.8, Previous: 47.0\n\t<\/li>\n<li>\n\t\tJapan Leading Index 107.2, Expected: 107.3, Previous: 106.0\n\t<\/li>\n<li>\n\t\tJapan Leading Index 1.2 % m\/m, Previous: 0.8 %\n\t<\/li>\n<li>\n\t\tSaudi oil minister Naimi says oil supply from outside OPEC has shrank; demand is improving slightly along with the global economy: BBG\n\t<\/li>\n<li>\n\t\tGreek PM Tspiras is set to brief parliament on negotiations on Friday at 6pm Athens time, followed by a debate\n\t<\/li>\n<li>\n\t\tOn Monday Hollande, Merkel, Juncker, Draghi and Lagarde will meet\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tAsian equity indices are mostly lower this morning. The Shanghai Composite did manage to breach the 5000 level, posting a fresh seven year high, but reversed from there and is currently down 0.10 %. In FX, the Euro dropped sharply yesterday after Greece delayed a debt payment to the IMF and Prime Minister Tsipras said that the creditors&#39; proposals are extreme. While we are likely to get more Greece headlines during the day, which will lead to choppy price action in EUR\/USD, the focus today is on the US employment numbers. The median forecast from Reuters is 225k, while the unemployment rate is expected to remain steady at 5.4 %.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Employment Change\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.45 %, Shanghai Composite lost 0.10 %, Hang Seng declined 0.90 %, ASX fell 0.50 % Commodities: Gold at $1177 (+0.20 %), Silver at $16.13 (+0.20 %), WTI Oil at $58.10 (+0.15 %), Brent Oil at $62.25 (+0.20 %) Rates: US 10 year yield at 2.32, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-5th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 5th June: 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-13474","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\/13474","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=13474"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13474\/revisions"}],"predecessor-version":[{"id":13475,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13474\/revisions\/13475"}],"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=13474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}