{"id":23151,"date":"2017-10-05T10:27:16","date_gmt":"2017-10-05T04:57:16","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23151"},"modified":"2017-10-05T10:27:16","modified_gmt":"2017-10-05T04:57:16","slug":"thursday-5th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-5th-october-european-open-briefing\/","title":{"rendered":"Thursday 5th October: European Open Briefing"},"content":{"rendered":"<h3>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.01 %, Shanghai Composite rose 0.28 %, Hang Seng gained 0.73 %, ASX 200 up 0.10 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1277.67 (+0.07 %), Silver at $16.62 (+0.02 %), WTI Oil at $49.92 (-0.12 %), Brent Oil at $55.81 (+0.02 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.32, UK 10-year yield at 1.37, German 10-year yield at 0.45<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m <strong>-0.6 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance <strong>0.99 B vs 0.88 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Services PMI <strong>53.6 vs 53.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ADP Non-Farm Employment Change <strong>135 K vs 131 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Final Services PMI <strong>55.3 vs 55.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Non-Manufacturing PMI <strong>59.8 vs 55.5<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories <strong>-6.0 M vs -0.5 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Hurricanes hit U.S. hiring in September, services sector resilient- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h3>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h3>\n<p>\n\t<span style=\"font-size:14px;\">Asia-Pacific markets opened a tad firmer on Thursday, following cues from strong U.S. data. Bonds, equities and the dollar were all steady after U.S. data did little to change views on the timing or pace for monetary tightening.&nbsp;Japanese equities struggled for direction early Thursday despite a weaker yen, even as other markets in the region were broadly higher<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is seen trading flat at 112.75. Price popped early (around the Tokyo fix) to test its overnight high around 112.90 but has since slipped back and consolidating for the remainder of the session. Meanwhile, Japan&rsquo;s Nikkei Stock Average Nikkei 225&nbsp;was nearly unchanged in morning trade with the market facing more resistance as the benchmark index nears its 2015 peak, which was the highest since 1996.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was seen consolidating within a 10 pip range around 1.1755 for most of the Asian session today after the Euro rose 0.1 percent against the US Dollar on Wednesday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies added 0.1 percent and is currently valued at 93.50<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD lost over 40 pips from session highs of 0.7865 and is currently seen trading around 0.7830 after the AUD saw its worst m\/m sales results ( -0.6 % vs 0.3 % expected) in 4+ years in addition to slow wage growth, high debt and rising utility bills being the other negative factors. The Newzealand Dolalr slipped a little earlier in the session reaching lows of around 0.7145 before recovering partially to current levels of around 0.7160.<\/span>\n<\/p>\n<h3>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (CNY) Chinese Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:30 GMT &ndash; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:10 GMT &ndash; (USD) FOMC Member Powell Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) FOMC Member Harker Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Factory Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:00 GMT &ndash; (GBP) MPC Member McCafferty Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:30 GMT &ndash; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.01 %, Shanghai Composite rose 0.28 %, Hang Seng gained 0.73 %, ASX 200 up 0.10 % Commodities: Gold at $1277.67 (+0.07 %), Silver at $16.62 (+0.02 %), WTI Oil at $49.92 (-0.12 %), Brent Oil at $55.81 (+0.02 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-5th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th 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-23151","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\/23151","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=23151"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23151\/revisions"}],"predecessor-version":[{"id":23152,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23151\/revisions\/23152"}],"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=23151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}