{"id":13978,"date":"2015-07-03T04:58:57","date_gmt":"2015-07-03T04:58:57","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=13978"},"modified":"2015-07-03T05:11:41","modified_gmt":"2015-07-03T05:11:41","slug":"friday-3rd-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-3rd-july-european-open-briefing\/","title":{"rendered":"Friday 3rd July: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.25 %, Shanghai Composite lost 3.25 %, Hang Seng fell 0.20 %, ASX declined 1.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1166 (+0.25 %), Silver at $15.60 (+0.25 %), WTI Oil at $56.70 (-0.40 %), Brent Oil at $61.95 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.39, UK 10 year yield at 2.07, German 10 year yield at 0.85\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina HSBC Services PMI 51.8, Expected: 53.8, Previous: 53.5\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales 0.3 % m\/m, Expected: 0.5 %, Previous: -0.1 %\n\t<\/li>\n<li>\n\t\tAustralia AIG Services Index 51.2, Previous: 49.6\n\t<\/li>\n<li>\n\t\tGreek Banks Limp Until Vote In Hope For ECB Salvation On Monday, Liquidity Reserves Will Probably Only Last Until Monday &#8212; BBG\n\t<\/li>\n<li>\n\t\tEurogroup Plan Meeting On 7 Jul, Euro Area Leaders To Meet On 8 Jul &#8212; BBG\n\t<\/li>\n<li>\n\t\tAsian stocks slip as China rout intensifies, dollar weak &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices drop on rising US rig count, China stock market probe &#8211; RTRS\n\t<\/li>\n<li>\n\t\tIMF warns of huge financial hole as Greek vote looms &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tOvernight, the Australian Dollar declined from 0.7640 to a low of 0.7566 after disappointing Australian retail sales data, followed by a weaker than expected Chinese Services PMI print. The pair has bounced from there, but is still struggling to reach the 0.76 level. The Shanghai Composite Index had again a very volatile session and is currently down more than 3 %. Chinese authorities have announced that they will launch a stock market probe for possible market manipulation. The other major pairs were all stuck in a very tight range overnight. US markets will be closed for a holiday, so volatility could be lower than usual. If you are holding any EUR positions, keep in mind that there is the Greek referendum on Sunday and we might see again a large gap at the Sunday open.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:.25in;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.25 %, Shanghai Composite lost 3.25 %, Hang Seng fell 0.20 %, ASX declined 1.25 % Commodities: Gold at $1166 (+0.25 %), Silver at $15.60 (+0.25 %), WTI Oil at $56.70 (-0.40 %), Brent Oil at $61.95 (+0.20 %) Rates: US 10 year yield at 2.39, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-3rd-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 3rd July: 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-13978","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\/13978","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=13978"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13978\/revisions"}],"predecessor-version":[{"id":13980,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13978\/revisions\/13980"}],"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=13978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}