{"id":23156,"date":"2017-10-06T10:24:12","date_gmt":"2017-10-06T04:54:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23156"},"modified":"2017-10-06T10:24:12","modified_gmt":"2017-10-06T04:54:12","slug":"friday-6th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-6th-october-european-open-briefing\/","title":{"rendered":"Friday 6th 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 0.32 %, Shanghai Composite rose 0.28 %, Hang Seng gained 0.39 %, ASX 200 up 0.87 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1270.82 (-0.19 %), Silver at $16.63 (-0.03 %), WTI Oil at $50.70 (-0.18 %), Brent Oil at $56.94 (-0.14 %)<\/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 1.39, 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;\">(JPY) Average Cash Earnings y\/y <strong>0.9 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) AIG Construction Index <strong>54.7 vs 55.3<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trade Balance <strong>-3.4 B vs -2.6 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>260 K vs 266 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Trade Balance <strong>-42.4 B vs -42.7 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Factory Orders m\/m <strong>1.2 % vs 1.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil markets wary as another tropical storm heads for Gulf of Mexico<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan, U.S. to hold second round of economic dialogue on October 16 &#8211; 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;\">Equity markets across the Asia-Pacific region opened higher on Friday. Hong Kong&rsquo;s benchmark index, Hang Seng briefly reached its best level in a decade and Japan&rsquo;s Nikkei moved closer to levels last seen in 1996. Optimism over U.S. tax reform plans lifted Wall Street shares to new highs yesterday, and the dollar hovered near a seven-week peak as new indicators pointed to solid economic growth. &nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY was mostly flat earlier today trading around a tight range near 112.85, before climbing to highs of 113.00 recently. We got some labour market data from Japan today with the Average cash earnings climbing to 0.9 % from the expected 0.5 %. &nbsp;Japan&rsquo;s Nikkei Stock Average Nikkei 225 rose 0.3% to set another 26-month high, helped by the dollar rising against the Yen overnight. &nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD dropped over 30 pips on back of a strong US Dollar from session highs of 1.1715 and is currently seen trading around 1.1690 close to its near 2-month low. This is in continuation to the Euro losing 0.4 percent against the USD on Wednesday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies increased 0.6 percent and is currently valued at 94.10<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen trading around 0.7750 as the Australian dollar slipped 0.6 percent against the US Dollar extending its falls from yesterday post a dreadful retail sales data. In addition to this the Morgan Stanley mentioned earlier today that the Australian credit crunch has begun. Meanwhile, the New Zealand dollar is seen trading around 0.7093 after falling 0.3% against the US Dollar.<\/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;\">07:30 GMT &ndash; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 GMT &ndash; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) Ivey PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:15 GMT &ndash; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:45 GMT &ndash; (USD) FOMC Member Kaplan Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.32 %, Shanghai Composite rose 0.28 %, Hang Seng gained 0.39 %, ASX 200 up 0.87 % Commodities: Gold at $1270.82 (-0.19 %), Silver at $16.63 (-0.03 %), WTI Oil at $50.70 (-0.18 %), Brent Oil at $56.94 (-0.14 %) Rates: US 10-year yield at 2.35, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-6th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 6th 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-23156","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\/23156","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=23156"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23156\/revisions"}],"predecessor-version":[{"id":23157,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23156\/revisions\/23157"}],"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=23156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}