{"id":22660,"date":"2017-08-31T11:04:37","date_gmt":"2017-08-31T05:34:37","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22660"},"modified":"2017-08-31T11:09:56","modified_gmt":"2017-08-31T05:39:56","slug":"thursday-31st-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-31st-august-european-open-briefing\/","title":{"rendered":"Thursday 31st 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 up 0.77 %, Shanghai Composite fell 0.43 %, Hang Seng lost 0.60 %, ASX 200 rose 0.71 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1308.52 (-0.41 %), Silver at $17.33 (-0.34 %), WTI Oil at $45.92 (-0.09 %), Brent Oil at $50.72 (-0.02%)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.15, UK 10-year yield at 1.03, German 10-year yield at 0.35\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tCNY Manufacturing PMI <strong>51.7 vs 51.3<\/strong> expected\n\t<\/li>\n<li>\n\t\tCNY Non-Manufacturing PMI <strong>53.4 vs 54.5<\/strong> previous\n\t<\/li>\n<li>\n\t\tNZD ANZ Business Confidence <strong>18.3 vs 19.4<\/strong> previous\n\t<\/li>\n<li>\n\t\tAUD Private Capital Expenditure q\/q <strong>0.8 % vs 0.2 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tEUR German Prelim CPI m\/m <strong>0.1 % vs 0.1 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tCHF KOF Economic Barometer <strong>104.1 vs 107.0<\/strong> expected\n\t<\/li>\n<li>\n\t\tEUR Spanish Flash CPI y\/y <strong>1.6 % vs 1.7 %<\/strong> expected\n\t<\/li>\n<li>\n\t\tGBP Net Lending to Individuals m\/m <strong>4.8 B vs 5.3 B<\/strong> previous\n\t<\/li>\n<li>\n\t\tUSD ADP Non-Farm Employment Change <strong>237 K vs 185 K<\/strong> previous\n\t<\/li>\n<li>\n\t\tCAD Current Account &#8211;<strong>16.3 B vs -17.3 B<\/strong> previous\n\t<\/li>\n<li>\n\t\tUSD Prelim GDP q\/q <strong>3.0 % vs 2.7 %<\/strong> previous\n\t<\/li>\n<li>\n\t\tUSD Crude Oil Inventories <strong>-5.4 M vs -1.8 M<\/strong> previous\n\t<\/li>\n<li>\n\t\tGasoline hits $2\/gallon as Harvey wreaks havoc on refiners, crude stable- RTRS\n\t<\/li>\n<li>\n\t\tTrump touts tax reform, overlooks White House aide Cohn- RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian Equity markets opened on a mixed note early on Thursday. Global Investors rediscovered a taste for the dollar and Asian shares as robust Chinese and U.S. economic data overnight increased appetite for riskier assets globally, even as tensions over North Korea simmered in the background.\n<\/p>\n<p>\n\tUSDJPY is currently seen trading around 110.50 as the yen continued to fall for a third straight day losing 0.2 percent against the USD in the session. The data from Japan today was on the disappointing side too as Factory output for July missing estimates ( -0.8 % vs -0.4 % expected)\n<\/p>\n<p>\n\tAUDUSD was pretty much unchanged on the session, the Australian dollar was down less than 0.1 percent to 79.01 against the US Dollar after declining for two days.&nbsp;In comparison, NZDUSD is seen trading below 0.7170 as the kiwi dropped 40 points or so against the US Dollar, mainly due to getting a kick down from the AUD\/NZD buyers.\n<\/p>\n<p>\n\tEURUSD is currently seen trading at around 1.1875 as the Euro lost around 0.7 percent against the US Dollar dropping from its top of 1.2069, weighed in part by speculation the European Central Bank might start to protest at the currency&#39;s strength. The dollar index. DXY, which tracks the greenback against a basket of six major peers, edged up 0.1 percent to 93.02\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:00 GMT &ndash; (EUR) German Retail Sales m\/m\n\t<\/li>\n<li>\n\t\t07:25 GMT &ndash; (GBP) MPC Member Saunders Speaks\n\t<\/li>\n<li>\n\t\t09:00 GMT &ndash; (EUR)) CPI Flash Estimate y\/y\n\t<\/li>\n<li>\n\t\t09:00 GMT &ndash; (EUR) Core CPI Flash Estimate y\/y\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (CAD) GDP m\/m\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Unemployment Claims\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Personal Spending m\/m\n\t<\/li>\n<li>\n\t\t13:45 GMT &ndash; (USD) Chicago PMI\n\t<\/li>\n<li>\n\t\t14:00 GMT &ndash; (USD) Pending Home Sales m\/m\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.77 %, Shanghai Composite fell 0.43 %, Hang Seng lost 0.60 %, ASX 200 rose 0.71 % Commodities: Gold at $1308.52 (-0.41 %), Silver at $17.33 (-0.34 %), WTI Oil at $45.92 (-0.09 %), Brent Oil at $50.72 (-0.02%) Rates: US 10-year yield at 2.15, UK 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-31st-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 31st 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-22660","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\/22660","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=22660"}],"version-history":[{"count":3,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22660\/revisions"}],"predecessor-version":[{"id":22664,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22660\/revisions\/22664"}],"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=22660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}