{"id":23474,"date":"2017-10-24T11:09:17","date_gmt":"2017-10-24T05:39:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23474"},"modified":"2017-10-24T11:09:17","modified_gmt":"2017-10-24T05:39:17","slug":"tuesday-24th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-24th-october-european-open-briefing\/","title":{"rendered":"Tuesday 24th 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 0.35 %, Shanghai Composite rose 0.05 %, Hang Seng gained 0.98 %, ASX 200 up 0.20%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1283.28 (0.18 %), Silver at $17.14 (0.38 %), WTI Oil at $52.02 (0.23 %), Brent Oil at $57.51 (0.21 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.37, UK 10-year yield at 1.31, German 10-year yield at 0.43<\/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;\">(JPY) Flash Manufacturing PMI <strong>52.5 vs 53.1 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CBI Industrial Order Expectation <strong>-2 vs 9<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Wholesale Sales m\/m <strong>0.5 % vs 1.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Consumer Confidence <strong>-1 vs -1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) CB Leading Index m\/m <strong>0.1 % vs 0.2 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Southeast Asian oil demand to keep growing until at least 2040: IEA<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s economy seen growing 6.8 percent in 2017 and 6.4 percent in 2018: Reuters poll<\/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 little changed but held within striking distance of recent decade highs on Tuesday. However, U.S. stocks lost steam overnight and saw their first declines in more than a week&nbsp;as the dollar edged down from three-month highs.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY had a rather quiet session early on Tuesday trading within a small range around current levels of 113.35 after the Yen rebounded against the US dollar overnight dropping down from highs of over 114.0. Japan&rsquo;s benchmark Nikkei 225 Index&nbsp;<span data-bgformat=\"\" data-channel=\"\/quotes\/zigman\/5986735\/delayed\">NIKKE<\/span>I&nbsp;was pushing Tuesday toward a 16th consecutive rise, having posted a 0.35% gain to the 21,790.0 level.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading around 1.1760 after the Euro fell down 0.3 percent to lows of 1.1725, the weakest for Euro in two weeks as the political tensions weighed on. The&nbsp;dollar index, which tracks the dollar against a basket of currencies fell 0.2 percent and is currently valued at 93.75<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD ticked steadily higher reaching highs of 0.7825 earlier in the session, currently the Aussie dollar is seen trading at 0.7810 against the US dollar. The kiwi dropped sharply as the New Zealand dollar created fresh lows below 0.6930 against the USD after the country&rsquo;s incoming Labour government laid out its left-leaning priorities.<\/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;\">07:00 GMT &ndash; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.35 %, Shanghai Composite rose 0.05 %, Hang Seng gained 0.98 %, ASX 200 up 0.20% Commodities: Gold at $1283.28 (0.18 %), Silver at $17.14 (0.38 %), WTI Oil at $52.02 (0.23 %), Brent Oil at $57.51 (0.21 %) Rates: US 10-year yield at 2.37, UK 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-24th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 24th 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-23474","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\/23474","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=23474"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23474\/revisions"}],"predecessor-version":[{"id":23475,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23474\/revisions\/23475"}],"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=23474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}