{"id":23050,"date":"2017-09-27T10:42:02","date_gmt":"2017-09-27T05:12:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23050"},"modified":"2017-09-27T10:42:02","modified_gmt":"2017-09-27T05:12:02","slug":"wednesday-27th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-27th-september-european-open-briefing\/","title":{"rendered":"Wednesday 27th 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 down 0.35 %, Shanghai Composite rose 0.05 %, Hang Seng up 0.49 %, ASX 200 rose 0.01 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1297.25.11 (-0.34 %), Silver at $16.88 (+0.01 %), WTI Oil at $52.16 (+0.54 %), Brent Oil at $58.13 (+0.36 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.24, UK 10-year yield at 1.33, German 10-year yield at 0.40<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence 119.8 vs 119.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) New Home Sales 560 K vs 585 K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Import Prices m\/m 0.0 % vs 0.1 % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) High Street Lending 41.8 K vs 41.7 K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(RUB) GDP y\/y 2.3 % vs 1.8 % previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Brent oil edges up, near 26-month high amid supply concerns<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. consumer confidence falls; new home sales hit eight-month low.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed&#39;s Yellen says gradual hikes should continue, despite weak inflation- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size: 14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Equity markets across most of the Asia-Pacific region rose on Wednesday as investors hoped for progress on major tax reform in the United States following comments from Federal Reserve chief Janet Yellen about the prospect of higher interest rates. However, the Japanese stocks were lower ahead of interim dividend payments by many Japanese companies<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 112.35, earlier in the session price approached the 112.50 mark towards a 2-1\/2 month high but couldn&rsquo;t sustain the break above. Overall the Yen continues to drop against the USD continuing its 0.5 percent fall on Tuesday. &nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD continued to trade within a small range around 1.1780 closing onto more than one-month low as the Euro fell 0.5 percent against the US dollar mainly due to the anticipated political horse-trading in Germany before a new government could be formed. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.1 percent and is currently valued at 93.09 touching the highest in a month.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen trading at 0.7865, as the Aussie fell 0.6 percent against the US Dollar. Meanwhile the NZDUSD is seen trading around the round number 0.7200 after recovering from yesterday&rsquo;s lows of around 0.7160. Gold was little changed at $1,297.09 after slumping 1.3 percent in Tuesday&rsquo;s session.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.35 %, Shanghai Composite rose 0.05 %, Hang Seng up 0.49 %, ASX 200 rose 0.01 % Commodities: Gold at $1297.25.11 (-0.34 %), Silver at $16.88 (+0.01 %), WTI Oil at $52.16 (+0.54 %), Brent Oil at $58.13 (+0.36 %) Rates: US 10-year yield at 2.24, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-27th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 27th 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-23050","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\/23050","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=23050"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23050\/revisions"}],"predecessor-version":[{"id":23051,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23050\/revisions\/23051"}],"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=23050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}