{"id":22590,"date":"2017-08-29T11:06:19","date_gmt":"2017-08-29T05:36:19","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22590"},"modified":"2017-08-29T11:06:19","modified_gmt":"2017-08-29T05:36:19","slug":"tuesday-29th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-29th-august-european-open-briefing\/","title":{"rendered":"Tuesday 29th August: 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 fell 0.49 %, Shanghai Composite down 0.07 %, Hang Seng dropped 0.40 %, ASX 200 down 0.86 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1321.94 (+0.50 %), Silver at $17.44 (+0.04 %), WTI Oil at $46.80 (+0.49 %), Brent Oil at $51.60 (+0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.12, UK 10-year yield at 1.05, German 10-year yield at 0.37\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAUD HIA New Home Sales m\/m <strong>-3.7 % vs -6.9 %<\/strong> previous\n\t<\/li>\n<li>\n\t\tJPY BOJ Core CPI y\/y <strong>0.4 % vs 0.2 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tCHF Employment Level (Q2) <strong>4.910 M vs 4.884 M<\/strong> previous\n\t<\/li>\n<li>\n\t\tEUR M3 Money Supply y\/y <strong>4.5 % vs 4.9 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tEUR Private Loans y\/y <strong>2.6 % vs 2-.7 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tUSD Goods Trade Balance (Jul) <strong>-65.1 B vs -64.5 B<\/strong> expected\n\t<\/li>\n<li>\n\t\tDollar falls to four-month low vs. yen after North Korea fires missile- RTRS\n\t<\/li>\n<li>\n\t\tFlooding knocks out U.S. refineries, crude hit by supply disruptions- RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stock markets were jolted after North Korea fired a ballistic missile test over Japan, fuelling worries of fresh tension between Washington and Pyongyang. The launch represented an &ldquo;unprecedented, grave and serious threat&rdquo; to Japan, said chief government spokesman Yoshihide Suga. Amidst the rising tension, Global Investors sought out havens, boosting assets such as the Japanese yen and Gold.\n<\/p>\n<p>\n\tUSDJPY is currently seen trading at 108.81 with a net loss of 0.4 percentage. Earlier in the day the Yen had risen 0.8 percent to 108.33 against the dollar, its highest since April, despite Japan&rsquo;s proximity to North Korea. The reasoning behind this is that Japan is the world&rsquo;s biggest creditor nation and there is an assumption that Japanese investors will repatriate funds should a crisis materialize; therefore, the Yen tends to benefit during times of geopolitical or financial stress.\n<\/p>\n<p>\n\tEURUSD hit a 2 and a half year high of $1.1986 yesterday after European Central Bank chief Mario Draghi did not express concern about the currency&rsquo;s recent rise in his speech at Jackson Hole. However, the EURO has not been as active earlier in Tuesday&rsquo;s session falling a mere 0.1 percent against the USD with a small fall to under 1.1960 at one stage\n<\/p>\n<p>\n\tAUDUSD is currently seen trading at 0.7930, earlier in the session &#39;Risk off&#39; in the global markets was seen impacting AUD especially as it traded down from above 0.7960 to under 0.7910 before retracing to the current price.&nbsp; Similar to the Aussie, the NZD also traded down to lows around 0.7220 against the USD then back above 0.7250 and is currently back down near its session lows&nbsp;\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:00 GMT &ndash; (EUR) GfK German Consumer Climate\n\t<\/li>\n<li>\n\t\t06:00 GMT &ndash; (GBP) Nationwide HPI\n\t<\/li>\n<li>\n\t\t06:45 GMT &ndash; (EUR) French GDP (QoQ)\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (CAD) RMPI m\/m\n\t<\/li>\n<li>\n\t\t14:00 GMT &ndash; (USD) CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t22:40 GMT &ndash; (NZD) Building Consents (MoM)\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei fell 0.49 %, Shanghai Composite down 0.07 %, Hang Seng dropped 0.40 %, ASX 200 down 0.86 % Commodities: Gold at $1321.94 (+0.50 %), Silver at $17.44 (+0.04 %), WTI Oil at $46.80 (+0.49 %), Brent Oil at $51.60 (+0.35 %) Rates: US 10-year yield at 2.12, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-29th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 29th August: 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-22590","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\/22590","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=22590"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22590\/revisions"}],"predecessor-version":[{"id":22591,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22590\/revisions\/22591"}],"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=22590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}