{"id":23491,"date":"2017-10-25T10:36:22","date_gmt":"2017-10-25T05:06:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23491"},"modified":"2017-10-25T10:36:22","modified_gmt":"2017-10-25T05:06:22","slug":"wednesday-25th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-25th-october-european-open-briefing\/","title":{"rendered":"Wednesday 25th 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 0.15 %, Shanghai Composite rose 0.12 %, Hang Seng gained 0.63 %, ASX 200 up 0.08 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1274.45 (-0.30 %), Silver at $16.90 (-0.35 %), WTI Oil at $52.41 (-0.11 %), Brent Oil at $58.41 (0.14 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.41, UK 10-year yield at 1.35, German 10-year yield at 0.47<\/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;\">(AUD) CPI q\/q <strong>0.6 % vs 0.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trimmed Mean CPI q\/q <strong>0.4 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Manufacturing PMI <strong>56.7 vs 56.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) French Flash Services PMI <strong>57.4 vs 57.0<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Manufacturing PMI <strong>60.5 vs 60.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Flash Services PMI <strong>55.2 vs 55.5 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Manufacturing PMI <strong>PMI 58.6 vs 57.9<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Flash Services PMI <strong>54.9 vs 55.7<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil hovers near four-week high on Saudi pledge to end glut- 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 mostly flat early on Wednesday struggling to hold on to gains following their record-smashing winning streak. Most Investors remained on the side-lines awaiting the unveiling of China&#39;s new leadership line-up. Strong lead in the Wall street and optimism in the world economy with encouraging earnings reports buoyed the dollar and bond yields.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY had a rather quiet session early on Wednesday trading within a small range. Currently the US Dollar is valued at 113.90 against the Japanese Yen as the dollar held onto overnight gains. Japan&rsquo;s benchmark Nikkei 225 Index was up 0.15% valued at 21835.0, lifted by gains in shares of Japanese insurers and an overall weaker yen. The benchmark index is rising high after notching its 16th straight winning session on Tuesday &mdash; its longest ever win streak.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading around 1.1756 with the Euro slightly lower on the day after climbing 0.1 percent against the US Dollar on Tuesday. Investors are expecting details on tapering in its quantitative easing program ahead of the European Central Bank&#39;s Thursday meeting. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.2 percent and is currently valued at 93.98<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD has fallen sharply after data showed that Australian consumer prices were below the central bank&rsquo;s target. AUDUSD is currently seen trading at 0.7719 as the Aussie&nbsp;lost 0.8 percent against the US Dollar. Australia&rsquo;s 10-year yield was steady at 2.77 percent. The kiwi continued its downtrend creating fresh lows of 0.6881 sliding 0.3 percent against the US Dollar, Currently the NZDUSD is seen trading around 0.6900.<\/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;\">08:00 GMT &ndash; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) BOC Monetary Policy Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) Overnight Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) New Home Sales<\/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<li>\n\t\t<span style=\"font-size:14px;\">15:15 GMT &ndash; (CAD) BOC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:45 GMT &ndash; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.15 %, Shanghai Composite rose 0.12 %, Hang Seng gained 0.63 %, ASX 200 up 0.08 % Commodities: Gold at $1274.45 (-0.30 %), Silver at $16.90 (-0.35 %), WTI Oil at $52.41 (-0.11 %), Brent Oil at $58.41 (0.14 %) Rates: US 10-year yield at 2.41, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-25th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 25th 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-23491","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\/23491","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=23491"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23491\/revisions"}],"predecessor-version":[{"id":23492,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23491\/revisions\/23492"}],"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=23491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}