{"id":13502,"date":"2015-06-09T05:21:57","date_gmt":"2015-06-09T05:21:57","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=13502"},"modified":"2015-06-09T05:21:57","modified_gmt":"2015-06-09T05:21:57","slug":"tuesday-9th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-9th-june-european-open-briefing\/","title":{"rendered":"Tuesday 9th 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 0.80 %, Shanghai Composite fell 1.25 %, Hang Seng fell 1.00 %, ASX declined 0.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1176 (+0.20 %), Silver at $16.02 (+0.40 %), WTI Oil at $58.40 (+0.45 %), Brent Oil at $62.90 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.37, UK 10 year yield at 2.05, German 10 year yield at 0.89\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tChina CPI -0.2 % m\/m, Expected: 0.0 %, Previous: -0.2 %\n\t<\/li>\n<li>\n\t\tChina CPI 1.2 % y\/y, Expected: 1.3 %, Previous: 1.5 %\n\t<\/li>\n<li>\n\t\tChina PPI -4.6 % y\/y, Expected: -4.5 %, Previous: -4.6 %\n\t<\/li>\n<li>\n\t\tAustralia Home Loans 1.0 %, Expected: -2.0 %, Previous: 1.5 %\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence 7.0, Previous: 3.0\n\t<\/li>\n<li>\n\t\tUK BRC Retail Sales 0.0 %, Expected: 1.0 %, Previous: -2.4 %\n\t<\/li>\n<li>\n\t\tJapan EcoMin Amari: Q1 Nominal GDP Growth May Not Be Sustainable, Need To Monitor Capex, FX Needs To Follow Fundamentals &#8212; RTRS\n\t<\/li>\n<li>\n\t\tBoC Wilkins: Eventual Higher Interest Rates Will Be A Test Globally, But Will Come In Light Of Stronger Economies &#8212; RTRS\n\t<\/li>\n<li>\n\t\tECB&rsquo;s Noyer: Greece Cannot Have A Serious Effect On The Euro, It Represents 2% Of EMU Economy, Reforms Have Been Significant In EMU &#8212; RTRS\n\t<\/li>\n<li>\n\t\tGreece creditors considering extending bailout until March &#8211;WSJ via BBG\n\t<\/li>\n<li>\n\t\tECB Mersch: Yields rising due to inflation and growth expectations &#8211;BBG\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tAsian stock markets are mostly lower this morning, with the Shanghai Composite down 1.20 %. Chinese inflation data arrived lower than expected, at 0.2 % in May and 1.2 % on the year.&nbsp; Australian&nbsp; business confidence data beat expectations, but it didn&rsquo;t have much impact on the Aussie.\n<\/p>\n<p>\n\tThe Euro extended gains overnight, to almost 1.1350. There is not apparent reason, but it seems that there is broad USD position covering. Key resistance now at 1.1380 (Thursday high) and then 1.1468 (May 15 high). Meanwhile, USD\/JPY retraced all of the post-NFP gains, declining to 124.27 in Asia. Bids expected at 124.00 and decent technical support noted at 123.75\/80.<a name=\"_GoBack\"><\/a>\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.80 %, Shanghai Composite fell 1.25 %, Hang Seng fell 1.00 %, ASX declined 0.05 % Commodities: Gold at $1176 (+0.20 %), Silver at $16.02 (+0.40 %), WTI Oil at $58.40 (+0.45 %), Brent Oil at $62.90 (+0.20 %) Rates: US 10 year yield at 2.37, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-9th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 9th 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-13502","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\/13502","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=13502"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13502\/revisions"}],"predecessor-version":[{"id":13503,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13502\/revisions\/13503"}],"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=13502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}