{"id":22771,"date":"2017-09-07T11:07:17","date_gmt":"2017-09-07T05:37:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22771"},"modified":"2017-09-07T11:07:17","modified_gmt":"2017-09-07T05:37:17","slug":"thursday-7th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-7th-september-european-open-briefing\/","title":{"rendered":"Thursday 7th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei gained 0.19 %, Shanghai Composite down 0.06 %, Hang Seng rose 0.11 %, ASX 200 fell 0.06 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1340.68 (+0.13 %), Silver at $17.94 (+0.21 %), WTI Oil at $49.05 (-0.22 %), Brent Oil at $54.03 (-0.31%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.09, UK 10-year yield at 1.01, German 10-year yield at 0.35<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m <strong>0.0 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance <strong>0.46 B vs 0.93 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance &#8211;<strong>3.0 B vs -3.2 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Labor Productivity q\/q <strong>-0.1 % vs 0.9 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Trade Balance <strong>-43.7 B vs -44.6 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Overnight Rate <strong>1.00 % vs 0.75 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI <strong>55.3 vs 55.8<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">US seeks oil embargo on North Korea, according to a draft UN resolution- AFP<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil steady as U.S. refining demand rises but ample crude supplies weigh- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian equity markets bounced back on Thursday, tracking overnight gains on the wall street. &nbsp;The US Markets gained as investors weighed a deal that ensures the funding of its government through mid-December against persistent geopolitical tensions.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 109.030. Following a fall of around 0.4 percent against the US Dollar yesterday, the Japanese yen was slightly higher early on Thursday as the pair dropped under 108.90 very briefly before bouncing back to around 109.20.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD dropped a few points, back under the round number 0.8 and is currently seen trading around 0.7990.&nbsp; Both the Australian Data came in negative with the Trade Balance dropping to 0.46 Billion from 0.89 Billion and the change in total value of Retail sales falling to 0.0% against the expected 0.2%<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD stood almost flat currently seen trading at 1.1927 as the global investors remained on the side-lines ahead of the ECB&#39;s policy meeting. The Euro added a mere 0.1 percent against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies, lost a little over 0.1% and is currently valued at 92.17.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 GMT &ndash; (EUR) Minimum Bid Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (EUR) ECB Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:00 GMT &ndash; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:50 GMT &ndash; (JPY) Final GDP q\/q<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 0.19 %, Shanghai Composite down 0.06 %, Hang Seng rose 0.11 %, ASX 200 fell 0.06 % Commodities: Gold at $1340.68 (+0.13 %), Silver at $17.94 (+0.21 %), WTI Oil at $49.05 (-0.22 %), Brent Oil at $54.03 (-0.31%) Rates: US 10-year yield at 2.09, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-7th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 7th September: 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-22771","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\/22771","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=22771"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22771\/revisions"}],"predecessor-version":[{"id":22772,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22771\/revisions\/22772"}],"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=22771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}