{"id":23118,"date":"2017-10-03T10:19:50","date_gmt":"2017-10-03T04:49:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23118"},"modified":"2017-10-03T10:19:50","modified_gmt":"2017-10-03T04:49:50","slug":"tuesday-3rd-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-3rd-october-european-open-briefing\/","title":{"rendered":"Tuesday 3rd October: European Open Briefing"},"content":{"rendered":"<h3>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.88 %, Shanghai Composite rose 0.28 %, Hang Seng gained 1.51 %, ASX 200 down 0.28 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1272.56 (-0.26 %), Silver at $16.59 (-0.38 %), WTI Oil at $50.46 (-0.24 %), Brent Oil at $55.91 (-0.37 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.35, UK 10-year yield at 1.32, German 10-year yield at 0.46<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<span style=\"font-size: 14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Building Approvals m\/m <strong>0.4 % vs 1.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate <strong>1.50 % vs 1.50 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Retail Sales y\/y <strong>-0.2 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Manufacturing PMI <strong>54.3 vs 53.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing PMI <strong>55.9 vs 56.3<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Unemployment Rate <strong>9.1 % vs 9.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing PMI <strong>60.8 vs 57.9<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Manufacturing PMI <strong>61.7 vs 60.6<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices fall for second day on oversupply concerns<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed&#39;s Yellen says AIG&#39;s threat to stability is reduced after downsizing- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<strong><span style=\"font-size: 14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h3>\n<p>\n\t<span style=\"font-size:14px;\">Equity markets across the Asia-Pacific region opened higher on Tuesday tracking record closes on Wall Street backed by Strong factory data &amp; the prospect for American tax cuts boosting confidence. The Upbeat economic data lifted the dollar emboldening bulls who drove U.S. equities to fresh record highs. &nbsp;However weaker oil prices took their toll on some market segments.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY was seen trading higher as the USD managed to add a few points in the session. Price is currently seen trading at 113.10 as the Yen lost 0.3 percent against the US Dollar. The exporter stocks benefited from the weaker yen as the Nikkei Stock Average&nbsp;NIKKEI 225&nbsp;was up 0.8%<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading at 1.1704 as the Euro lost 0.2 percent against the US Dollar, losing over 40 points from the session highs managing to hold just above the round number 1.1700 where Price is currently seen ranging. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.3 percent and is currently valued at 93.85.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD dropped to lows of around 0.7790 as the Aussie dollar lost over 30 points on the session as the Reserve Bank of Australia announced no change to cash rate, as expected. Australian shares also opened in red, slipping 0.6 percent, pressured by consumer and energy shares.Currently the AUD is seen trading around the round number 0.7800. The New Zealand dollar fell to fresh session lows of 0.7158 along with the AUD and is currently seen trading at 0.7168 after recovering partially.<\/span>\n<\/p>\n<h3>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (EUR) German Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &ndash; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) Spanish Unemployment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) FPC Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) FOMC Member Powell Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.88 %, Shanghai Composite rose 0.28 %, Hang Seng gained 1.51 %, ASX 200 down 0.28 % Commodities: Gold at $1272.56 (-0.26 %), Silver at $16.59 (-0.38 %), WTI Oil at $50.46 (-0.24 %), Brent Oil at $55.91 (-0.37 %) Rates: US 10-year yield at 2.35, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-3rd-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 3rd October: 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-23118","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\/23118","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=23118"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23118\/revisions"}],"predecessor-version":[{"id":23119,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23118\/revisions\/23119"}],"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=23118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}