{"id":23084,"date":"2017-09-29T10:40:35","date_gmt":"2017-09-29T05:10:35","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23084"},"modified":"2017-09-29T10:40:35","modified_gmt":"2017-09-29T05:10:35","slug":"friday-29th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-29th-september-european-open-briefing\/","title":{"rendered":"Friday 29th September: European Open Briefing"},"content":{"rendered":"<h3>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei dropped 0.09 %, Shanghai Composite up 0.27 %, Hang Seng gained 0.23 %, ASX 200 rose 0.29 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1288.52 (-0.01 %), Silver at $16.87 (0.17 %), WTI Oil at $51.48 (-0.16 %), Brent Oil at $57.16 (+0.02 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.31, UK 10-year yield at 1.37, German 10-year yield at 0.47<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Private Sector Credit m\/m <strong>0.5 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim CPI m\/m <strong>0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Flash CPI y\/y <strong>1.8 % vs 1.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Final GDP q\/q <strong>3.1 % vs 3.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>272 K vs 269 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage <strong>58 B vs 77 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">White House battles critics over tax plan as lawmakers prepare to act- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h3>\n<p>\n\t<span style=\"font-size:14px;\">Equity markets across the Asia-Pacific region were mostly higher on the final trading day of what&rsquo;s been a strong quarter. Most countries&rsquo; stock indexes are set to end the month higher, with solid earnings and broadly positive risk sentiment outweighing the region&rsquo;s geopolitical concerns, in particular the escalation of tensions between North Korea and the U.S.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY had an active session early on Friday. Price is currently seen trading at 112.61 as the Yen lost 0.2 percent against the US Dollar. The pair printed a small high again after a period of consolidation earlier in the session. Today&rsquo;s session saw a big amount of data hit from Japan along with the &#39;Summary of Opinions&#39; from the Bank of Japan September meeting. Price was<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading at 1.1780 as the Euro advanced 0.4 percent against the US Dollar. Price had earlier reached highs of 1.8000 in previous sessions before losing some of its gains. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.1 percent and is currently valued at 93.21.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is down from the session highs of 0.7850 and is currently seen trading around 0.7840, mainly due to price of iron ore declining once Chinese market opened. Australia&rsquo;s 10-year bond yield declined about three basis points to 2.83 percent. Australian markets were a bit quiet as it is a holiday in Melbourne today and will be a holiday in Sydney on Monday. Likewise, the NZDUSD is seen trading at 0.7210 down close to 30 pips from the session highs of around 0.7240.<\/span>\n<\/p>\n<h3>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h3>\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;\">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 dropped 0.09 %, Shanghai Composite up 0.27 %, Hang Seng gained 0.23 %, ASX 200 rose 0.29 % Commodities: Gold at $1288.52 (-0.01 %), Silver at $16.87 (0.17 %), WTI Oil at $51.48 (-0.16 %), Brent Oil at $57.16 (+0.02 %) Rates: US 10-year yield at 2.31, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-29th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 29th 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-23084","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\/23084","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=23084"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23084\/revisions"}],"predecessor-version":[{"id":23085,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23084\/revisions\/23085"}],"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=23084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}