{"id":20796,"date":"2017-04-19T10:29:45","date_gmt":"2017-04-19T04:59:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20796"},"modified":"2017-04-19T10:29:45","modified_gmt":"2017-04-19T04:59:45","slug":"wednesday-19th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-19th-april-european-open-briefing\/","title":{"rendered":"Wednesday 19th April: 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 0.15 %, Shanghai Composite lost 1.05 %, Hang Seng declined 0.80 %, ASX 200 fell 0.75 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1288 (-0.45 %), Silver at $18.23 (-0.25 %), WTI Oil at $52.30 (-0.20 %), Brent Oil at $54.80 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.18, UK 10-year yield at 1.01, German 10-year yield at 0.16\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) (Mar): 0.08 (prev -0.07)\n\t<\/li>\n<li>\n\t\tNew Zealand Performance of Services (Mar): 59.0 (prev rev to 58.7 from 58.8)\n\t<\/li>\n<li>\n\t\tSterling gets market&#39;s vote, stocks cold shouldered\n\t<\/li>\n<li>\n\t\tAsia Stocks Slide After Brief Show of Resistance &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapan 10-Year Yield Drops to Zero for First Time in Five Months &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stock markets came under pressure again, with most major indices down on the day. The Shanghai Composite lost more than 1 %. Meanwhile, Gold remained steady around $1290. The metal regained some strength after the Dollar weakened broadly yesterday.\n<\/p>\n<p>\n\tAfter heavy losses yesterday, the Dollar managed to recover slightly in Asia. The British Pound remained bid nevertheless. The market was caught by surprise after UK PM May announced an election in June. GBP\/USD jumped from 1.25 to 1.27, and later extended gains above 1.29. Short positioning has been at a record high last week according to the CFTC, so it is clearly a short squeeze.\n<\/p>\n<p>\n\tDespite the Dollar weakness, the commodity currencies failed to benefit from it. The Australian Dollar consolidated around 0.7550 and overnight it fell back towards 0.7525 support. Given the low risk appetite, the outlook for the AUD remains negative.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t23:45 GMT &#8211; New Zealand CPI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.15 %, Shanghai Composite lost 1.05 %, Hang Seng declined 0.80 %, ASX 200 fell 0.75 % Commodities: Gold at $1288 (-0.45 %), Silver at $18.23 (-0.25 %), WTI Oil at $52.30 (-0.20 %), Brent Oil at $54.80 (-0.20 %) Rates: US 10-year yield at 2.18, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-19th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 19th April: 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-20796","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\/20796","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=20796"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20796\/revisions"}],"predecessor-version":[{"id":20797,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20796\/revisions\/20797"}],"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=20796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}