{"id":23388,"date":"2017-10-18T10:07:35","date_gmt":"2017-10-18T04:37:35","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23388"},"modified":"2017-10-18T10:07:35","modified_gmt":"2017-10-18T04:37:35","slug":"wednesday-18th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-18th-october-european-open-briefing\/","title":{"rendered":"Wednesday 18th October: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.10 %, Shanghai Composite rose 0.27 %, Hang Seng gained 0.01 %, ASX 200 climbed 0.10%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1288.82 (0.20 %), Silver at $17.08 (0.39 %), WTI Oil at $52.08 (0.39 %), Brent Oil at $58.23 (0.60 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.30, UK 10-year yield at 1.35, German 10-year yield at 0.36<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final CPI y\/y <strong>1.5 % vs 1.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Import Prices m\/m <strong>0.7 % vs 0.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Capacity Utilization Rate <strong>76.0 % vs 76.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Industrial Production m\/m <strong>0.3 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German ZEW Economic Sentiment <strong>17.6 vs 20.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index <strong>-1.0 % vs -2.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CPI <strong>3.0 % vs 3.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) PPI Input m\/m <strong>0.4 % vs 1.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) RPI y\/y <strong>3.9 % vs 4.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices rise on tighter U.S. market, Middle East tensions- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asia-Pacific equity markets were slightly higher on Wednesday tracking fresh records in the wall street. However, investors were cautious and gains were being capped as a key meeting of China&rsquo;s political elite kicked off with President Xi Jinping spoke at the opening of the Communist Party Congress<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY was stable in the Asian session today within a 15 pip range, Currently the Yen is seen trading flat around 112.23 per dollar. In Japan, the Nikkei Stock Average&nbsp;<\/span><span data-bgformat=\"\" data-channel=\"\/quotes\/zigman\/5986735\/delayed\">NIKKEI<\/span><span style=\"font-size: 14px;\">&nbsp; was up 0.2% in early Asia trade. It was poised to close with its 12th straight session of gains, however the country&rsquo;s exporters were slightly impacted as the U.S. dollar erased its overnight gains against the yen.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD ticked up a few points earlier today reaching highs of 1.1780. Currently the Euro is seen trading around 1.1768 against the US Dollar after falling 0.3 percent on Tuesday. &nbsp;The&nbsp;dollar index, which tracks the dollar against a basket of currencies was seen trading flat and is currently valued at 93.49<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD is currently seen trading a few points higher at 0.7850 as commodities in China traded a little stronger. Australia&rsquo;s 10-year yield fell four basis points to 2.72 percent. On the other hand, with still no announcement on government formation the New Zealand dollar traded a few points lower around 0.7155 against the US Dollar.<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:10 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Claimant Count Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 GMT &ndash; (USD) FOMC Member Dudley Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 GMT &ndash; (USD) FOMC Member Kaplan Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite rose 0.27 %, Hang Seng gained 0.01 %, ASX 200 climbed 0.10% Commodities: Gold at $1288.82 (0.20 %), Silver at $17.08 (0.39 %), WTI Oil at $52.08 (0.39 %), Brent Oil at $58.23 (0.60 %) Rates: US 10-year yield at 2.30, UK 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-18th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 18th 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-23388","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\/23388","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=23388"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23388\/revisions"}],"predecessor-version":[{"id":23389,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23388\/revisions\/23389"}],"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=23388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}