{"id":23369,"date":"2017-10-17T10:21:53","date_gmt":"2017-10-17T04:51:53","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23369"},"modified":"2017-10-17T10:21:53","modified_gmt":"2017-10-17T04:51:53","slug":"tuesday-17th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-17th-october-european-open-briefing\/","title":{"rendered":"Tuesday 17th October: 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 0.35 %, Shanghai Composite rose 0.06 %, Hang Seng gained 0.1 %, ASX 200 climbed 0.780%\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1295.25 (- 0.59 %), Silver at $17.21 (- 0.86 %), WTI Oil at $51.91 (- 0.12 %), Brent Oil at $57.84 (0.03 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.30, UK 10-year yield at 1.33, German 10-year yield at 0.37\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t(NZD) CPI q\/q <strong>0.5 % vs 0.4 %<\/strong> expected\n\t<\/li>\n<li>\n\t\t(CAD) Foreign Securities Purchases <strong>9.85 B vs 30.2 B<\/strong> expected\n\t<\/li>\n<li>\n\t\t(USD) Empire State Manufacturing Index <strong>30.2 vs 20.3<\/strong> expected\n\t<\/li>\n<li>\n\t\t(EUR) German WPI m\/m <strong>0.6 % vs 0.4 %<\/strong> expected\n\t<\/li>\n<li>\n\t\t(EUR) Trade Balance <strong>21.6 B vs 20.3 B<\/strong> expected\n\t<\/li>\n<li>\n\t\tTrump to meet Yellen Thursday in search for new Fed chair\n\t<\/li>\n<li>\n\t\t&quot;Risk premium returns to oil over Iraq fighting, rising U.S.-Iran tensions&quot;- RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsia-Pacific equity markets opened mostly flat pausing near recent highs on Tuesday as concerns about North Korea re-emerged. commodities held onto most overnight gains made on the back of better-than-expected China producer prices. Australian bonds fell with Treasuries as speculation climbed that the next head of the Federal Reserve will be more hawkish.\n<\/p>\n<p>\n\tUSDJPY is currently seen Trading at 112.150 as the dollar bounced back against the Yen to highs of 112.30 from Monday&rsquo;s low of 111.65. Japanese stocks were off to a good start, with the Nikkei&nbsp;Nikkei 225&nbsp;rising as much as 0.7% earlier in the session. But it struggled to stay in positive territory as the yen pulled back from session lows.\n<\/p>\n<p>\n\tEURUSD slipped down from yesterday&rsquo;s lows and is currently seen trading close at 1.1778. Overall the Euro has lost around 0.1 percent against the US Dollar following it&rsquo;s drop of 0.2 percent on Monday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies gained close to 0.1 % and is currently valued at 93.37\n<\/p>\n<p>\n\tThe Australian dollar after dropping as low as 78.35 earlier in the session is currently sees trading around 78.46 against the US Dollar. Meanwhile the Kiwi had a active session rising as much as 0.5 percent to highs of 0.7203 against the US dollars after New Zealand&rsquo;s inflation data topped estimates, however the kiwi has lost all of its gains and is currently seen trading at 0.7160\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 GMT &ndash; (GBP) MPC Member Ramsden Speaks\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) CPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) PPI Input m\/m\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) RPI y\/y\n\t<\/li>\n<li>\n\t\t09:00 GMT &ndash; (EUR) German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t09:15 GMT &ndash; (GBP) MPC Member Tenreyro Speaks\n\t<\/li>\n<li>\n\t\t10:00 GMT &ndash; (EUR) Final CPI y\/y\n\t<\/li>\n<li>\n\t\t10:15 GMT &ndash; (GBP) BOE Gov Carney Speaks\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Import Prices m\/m\n\t<\/li>\n<li>\n\t\t13:15 GMT &ndash; (USD) Capacity Utilization Rate\n\t<\/li>\n<li>\n\t\t13:15 GMT &ndash; (USD) Industrial Production m\/m\n\t<\/li>\n<li>\n\t\t17:00 GMT &ndash; (USD) FOMC Member Harker Speaks\n\t<\/li>\n<li>\n\t\t19:30 GMT &ndash; (CAD) Gov Council Member Wilkins Speaks\n\t<\/li>\n<li>\n\t\tTentative &ndash; (NZD) GDT Price Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.35 %, Shanghai Composite rose 0.06 %, Hang Seng gained 0.1 %, ASX 200 climbed 0.780% Commodities: Gold at $1295.25 (- 0.59 %), Silver at $17.21 (- 0.86 %), WTI Oil at $51.91 (- 0.12 %), Brent Oil at $57.84 (0.03 %) Rates: US 10-year yield at 2.30, &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-17th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 17th 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-23369","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\/23369","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=23369"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23369\/revisions"}],"predecessor-version":[{"id":23370,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23369\/revisions\/23370"}],"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=23369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}