{"id":21435,"date":"2017-06-05T10:24:52","date_gmt":"2017-06-05T04:54:52","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21435"},"modified":"2017-06-05T10:24:52","modified_gmt":"2017-06-05T04:54:52","slug":"monday-5th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-5th-june-european-open-briefing\/","title":{"rendered":"Monday 5th June &#8211; European Open Briefing"},"content":{"rendered":"<h2>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.25 %, ASX 200 lost 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1283 (+0.30 %), Silver at $17.57 (+0.25 %), WTI Oil at $48.35 (+1.50 %), Brent Oil at $50.70 (+1.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.16, UK 10-year yield at 1.04, German 10-year yield at 0.27\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<strong>News &amp; Data<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\tAustralia AIG Services Index 51.5 vs 53.0 previous\n\t<\/li>\n<li>\n\t\tAustralia Business Inventories m\/m 1.2 % vs 0.5 % expected\n\t<\/li>\n<li>\n\t\tAustralia Company Gross Operating Profits 6.0 % vs 4.5 % expected\n\t<\/li>\n<li>\n\t\tChina Caixin Services PMI 52.8 vs 51.4 expected\n\t<\/li>\n<li>\n\t\tHong Kong Manufacturing PMI 50.5 vs 51.1 previous\n\t<\/li>\n<li>\n\t\tWorld Bank says trade, manufacturing to boost 2017 global growth &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina services sector expands at fastest pace in four months in May: Caixin PMI &#8211; RTRS\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\tEUR long 73K vs 65K long last week. Longs increased 8K.\n\t<\/li>\n<li>\n\t\tGBP short 30K vs 24K short last week. Shorts increased by 6K\n\t<\/li>\n<li>\n\t\tJPY short 52K vs 52K short last week. Unchanged.\n\t<\/li>\n<li>\n\t\tCHF short 19K vs 20K short last week. Shorts trimmed by 1K\n\t<\/li>\n<li>\n\t\tCAD short 98K vs 99K short.&nbsp; Shorts trimmed by 1K.\n\t<\/li>\n<li>\n\t\tAUD long 3K vs 3K long.&nbsp; No change.\n\t<\/li>\n<li>\n\t\tNZD short 5K vs 9K short last week.&nbsp; Shorts trimmed 4K.\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h2>\n<p>\n\tThe US Dollar regained some strength following Friday&#39;s losses due to the weak employment numbers. EUR\/USD opened around 1.1280 in Asia and fell to a low of 1.1265, while GBP\/USD declined from 1.2875 to 1.2855. Meanwhile, USD\/JPY rose from 110.30 to 110.60 driven by the broad USD strength.\n<\/p>\n<p>\n\tOil prices rallied following news that several Gulf states have cut their diplomatic relations with Qatar. WTI rose from $47.65 to $48.40 overnight. Resistance is now seen at $49. Should it break above that level, a rally towards $50.50 seems likely.<a name=\"_GoBack\"><\/a>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h2>\n<p>\n\t<u>Tuesday, June 4th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t05:30 BST &#8211; RBA Rate Decision\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Canadian Ivey PMI\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<u>Wednesday, June 5th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australian GDP\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian Retail Sales\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t15:30 BTS &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<u>Thursday, June 6th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese Current Account\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japanese GDP\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Trade Balance\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Exports\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Imports\n\t<\/li>\n<li>\n\t\t03:45 BST &#8211; Chinese Trade Balance\n\t<\/li>\n<li>\n\t\t03:45 BST &#8211; Chinese Exports\n\t<\/li>\n<li>\n\t\t03:45 BST &#8211; Chinese Imports\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<u>Friday, June 9th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australian Home Loans\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Chinese CPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Unemployment Rate\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.25 %, ASX 200 lost 0.80 % Commodities: Gold at $1283 (+0.30 %), Silver at $17.57 (+0.25 %), WTI Oil at $48.35 (+1.50 %), Brent Oil at $50.70 (+1.45 %) Rates: US 10-year yield at 2.16, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-5th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 5th June &#8211; 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-21435","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\/21435","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=21435"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21435\/revisions"}],"predecessor-version":[{"id":21437,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21435\/revisions\/21437"}],"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=21435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}