{"id":23233,"date":"2017-10-11T10:55:23","date_gmt":"2017-10-11T05:25:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23233"},"modified":"2017-10-11T12:41:06","modified_gmt":"2017-10-11T07:11:06","slug":"wednesday-11th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-11th-october-european-open-briefing\/","title":{"rendered":"Wednesday 11th October: European Open Briefing"},"content":{"rendered":"<h2>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.31 %, Shanghai Composite up 0.33 %, Hang Seng down 0.05&nbsp;%, ASX 200 up 0.52 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1290.09 (-0.29&nbsp;%), Silver at $17.14 (-0.38 %), WTI Oil at $51.06 (0.27 %), Brent Oil at $56.69 (0.14 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.36, UK 10-year yield at 1.37, German 10-year yield at 0.45<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Building Permits m\/m <strong>-5.5 % vs -0.9 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Housing Starts <strong>217 k vs 211 k<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m <strong>0.4 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance <strong>-14.2 B vs -11.4 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) NFIB Small Business Index <strong>103.0 vs 105.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) IBD\/TIPP Economic Optimism <strong>50.3 vs 54.2<\/strong> expected<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Japan&rsquo;s Nikkei 225 index rose during Wednesday&rsquo;s trading (a touch short of 20,807.39), tracking Wall Street&rsquo;s rally to all-time highs. Aussie stocks rallied 0.6% and New Zealand&rsquo;s index climbed to a record. South Korea&rsquo;s KOSPI added 0.3%.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The euro rose as high as 1.1825 after<strong> <\/strong>Catalonia&rsquo;s president struck a conciliatory tone in a speech about the region&rsquo;s independence referendum. Support currently stands at the 1.18 handle, while overhead resistance is seen at Aug&rsquo;s opening level drawn from 1.1830.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">On the US dollar, focus rested on comments from FOMC member Kaplan who said, &lsquo;the 10-year Treasury had fallen despite Fed rate hikes this year&rsquo; &ndash; dollar currently trading off lows of 93.12.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Australian data came in upbeat.&nbsp; The first positive reading on the monthly Westpac Consumer Sentiment indicator since November of 2016, which helped bolster the Aussie. In addition to this, the commodity currency was helped by a weaker dollar. Au. price currently trading from the 0.78 handle. The NZD traded in a similar pattern to other currencies against the USD today.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The USD\/JPY is currently seen bid above the 112 handle and recently tapped highs of 112.58<\/span>\n<\/p>\n<h2>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 GMT &ndash; (JPY) Prelim Machine Tool Orders y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (JPY) Jolts Job Openings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) FOMC Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:45 GMT &ndash; (NZD) FPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:01 GMT &ndash; (GBP) RICS House Price Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:50 GMT &ndash; (JPY) Bank Lending y\/y<\/span>\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:72.0pt;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.31 %, Shanghai Composite up 0.33 %, Hang Seng down 0.05&nbsp;%, ASX 200 up 0.52 % Commodities: Gold at $1290.09 (-0.29&nbsp;%), Silver at $17.14 (-0.38 %), WTI Oil at $51.06 (0.27 %), Brent Oil at $56.69 (0.14 %) Rates: US 10-year yield at 2.36, UK 10-year yield at &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-11th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 11th 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-23233","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\/23233","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=23233"}],"version-history":[{"count":3,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23233\/revisions"}],"predecessor-version":[{"id":23246,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23233\/revisions\/23246"}],"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=23233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}