{"id":23015,"date":"2017-09-25T10:44:34","date_gmt":"2017-09-25T05:14:34","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23015"},"modified":"2017-09-25T10:55:14","modified_gmt":"2017-09-25T05:25:14","slug":"monday-25th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-25th-september-european-open-briefing\/","title":{"rendered":"Monday 25th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.49 %, Shanghai Composite down 0.36 %, Hang Seng lost 1.09 %, ASX 200 rose 0.1 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1297.11 (-0.04 %), Silver at $16.98 (-0.03 %), WTI Oil at $50.52 (-0.28 %), Brent Oil at $56.35 (-0.12 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.25, UK 10-year yield at 2.35, German 10-year yield at 0.44<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Flash Manufacturing PMI <strong>52.6 vs 53.4<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Manufacturing PMI <strong>56.0 vs 55.6<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Services PMI <strong>57.1 vs 59.0<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Manufacturing PMI <strong>60.6 vs 59.0<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Services PMI <strong>55.6 vs 53.8<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Manufacturing PMI <strong>58.2 vs 57.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Services PMI <strong>55.6 vs 54.7<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m <strong>0.1 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Core Retail Sales m\/m <strong>0.2 % vs 0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y <strong>1.5 % vs 1.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y <strong>1.7 % vs 1.7 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m <strong>0.4 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y <strong>1.4 % vs 1.3 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil holds gains as producers say market rebalancing- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan Abe to order $17.8 billion stimulus package &ndash; Sources<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">North Korea&#39;s A-Bomb Is Deterring U.S. First Strike, Russia Says<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>CFTC Positioning Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 62K vs 86K long last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP short 10K vs 46K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 51K vs 57K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 1.5K vs 2K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 59K vs 50K long.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 72k vs 63k last week.&nbsp;&nbsp;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD long 7K vs 12K long last week.<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asia-Pacific equity markets were mixed on Monday. Investors shrugged off weekend election results in Germany and New Zealand. Stocks in Australia and Japan rose on local drivers, whereas other Asian markets opened in Red weighed by concerns about China&rsquo;s economy.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In spite of losing more seats than expected, Germany&rsquo;s Incumbent Chancellor Angela Merkel will continue to lead the government as she is expected to manage to form government in coalition. For New Zealand, the result was more or less as expected, the incumbent National Party achieved the highest proportion of votes but came three seats short of an outright legislative majority.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading around 1.19334 as the Euro slid 0.2 percent against the US Dollar. The Euro has spent much of the session today edging back higher to try to fill its &#39;gap.&nbsp;The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.1 percent and is currently valued at 92.22<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY had an active session early on Monday reaching as high as 112.54 following a disappointing Flash Manufacturing PMI, Price is seen trading at 112.24 as the yen currently stands 0.2 percent down against the US Dollar, kicking the week off on a down note after recording declines over the past two weeks. &nbsp;Japanese Prime Minister Abe is holding a news conference later today at 09: 00GMT &#8211; he is expected to announce an early election.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen Trading at 0.7964 trading up from its earlier lows below 0.7950. &nbsp;Notably, Australia&rsquo;s S&amp;P\/ASX 200&nbsp;was up earlier today on strength from big banks and mining companies. Meanwhile, The New Zealand Dollar dropped around 1 percent and is currently seen trading at 0.7263 against the US Dollar.<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">05:35 GMT &ndash; (JPY) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:35 GMT &ndash; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00&nbsp;GMT&nbsp;&ndash; (JPY) <\/span>&nbsp;<span style=\"font-size:14px;\">Japanese PM Abe&nbsp;Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:40 GMT &ndash; (USD) FOMC Member Evans Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:15 GMT &ndash; (AUD) RBA Assist Gov Bullock Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:45 GMT &ndash; (NZD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:30 GMT &ndash; (USD) FOMC Member Kashkari Speaks\u200b<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, September 26th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (NZD) ANZ Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 GMT &ndash; (EUR) German Import Prices m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) High Street Lending<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) New Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:45 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Wednesday, September 27th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Pending Home Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:45 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) Official Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Rate Statement<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Thursday, September 28th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:35 GMT &ndash; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (AUD) RBA Assist Gov Debelle Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Final GDP q\/q<\/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;\">14:15 GMT &ndash; (USD) FOMC Member Fischer Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Friday, September 29th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative&ndash; (GBP) MPC Member Broadbent Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:45 GMT &ndash; (CNY) Caixin Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 GMT &ndash; (EUR) German Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Final GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Net Lending to Individuals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) RMPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core PCE Price Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Personal Spending m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:45 GMT &ndash; (USD) Chicago PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:15 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:45 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) FOMC Member Harker Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.49 %, Shanghai Composite down 0.36 %, Hang Seng lost 1.09 %, ASX 200 rose 0.1 % Commodities: Gold at $1297.11 (-0.04 %), Silver at $16.98 (-0.03 %), WTI Oil at $50.52 (-0.28 %), Brent Oil at $56.35 (-0.12 %) Rates: US 10-year yield at 2.25, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-25th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 25th 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-23015","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\/23015","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=23015"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23015\/revisions"}],"predecessor-version":[{"id":23018,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23015\/revisions\/23018"}],"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=23015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}