{"id":20481,"date":"2017-03-22T10:47:23","date_gmt":"2017-03-22T05:17:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20481"},"modified":"2017-03-22T10:47:23","modified_gmt":"2017-03-22T05:17:23","slug":"wednesday-22nd-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-22nd-march-european-open-briefing\/","title":{"rendered":"Wednesday 22nd March: 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 1.90 %, Shanghai Composite fell 0.75 %, Hang Seng declined 1.30 %, ASX 200 lost 1.55 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1245 (-0.10 %), Silver at $17.54 (-0.25 %), WTI Oil at $48.10 (-0.30 %), Brent Oil at $50.80 (-0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.42, UK 10 year yield at 1.26, German 10 year yield at 0.46\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Westpac Leading Index (MoM) Feb: -0.07% (prior 0.03%)\n\t<\/li>\n<li>\n\t\tJapan Trade Balance (Feb): 813bln (Est 822bln) (Prior -1,087bln)\n\t<\/li>\n<li>\n\t\tJapan Exports (YoY): 11.3 % (Est 10.6 %) (Prior 1.3 %)\n\t<\/li>\n<li>\n\t\tJapan Imports (YoY): 1.2 % (Est 0.6 %) (Prior 8.5 %)\n\t<\/li>\n<li>\n\t\tJapan All Industry Activity (MoM) Jan: 0.1% (Est 0.00%) (Prior -0.2% rev)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8889 (Prev 6.9071)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMost of the Asian stock indices declined overnight. Sentiment turned negative in yesterday&rsquo;s US trading session, as investors are starting to doubt that US President Donald Trump will be able to pass his planned tax reform. The S&amp;P 500 finished the trading day with a loss greater than 1 percent. Overnight, the Nikkei lost almost 2 percent on the day, while the Australian ASX 200 fell around 1.50 percent.\n<\/p>\n<p>\n\tThe Dollar remains under pressure as well. EUR\/USD broke above 1.08 yesterday, and while it failed to clear resistance at 1.0825, a breakout seems imminent. Meanwhile, GBP\/USD broke above trendline resistance and is approaching 1.25.\n<\/p>\n<p>\n\tOnly the commodity currencies failed to benefit from the Dollar weakness. The Australian and New Zealand Dollar fell as the decrease in risk appetite weighed on the currencies. AUD\/USD declined from 0.7750 to 0.7650, while NZD\/USD dropped from 0.7090 to 0.7015.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t14:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t20:00 GMT &#8211; RBNZ Rate Decision\n\t<\/li>\n<li>\n\t\t20:00 GMT &#8211; RBNZ Rate Statement\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.90 %, Shanghai Composite fell 0.75 %, Hang Seng declined 1.30 %, ASX 200 lost 1.55 % Commodities: Gold at $1245 (-0.10 %), Silver at $17.54 (-0.25 %), WTI Oil at $48.10 (-0.30 %), Brent Oil at $50.80 (-0.35 %) Rates: US 10 year yield at 2.42, UK &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-22nd-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 22nd March: 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-20481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=20481"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20481\/revisions"}],"predecessor-version":[{"id":20482,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20481\/revisions\/20482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=20481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}