{"id":23600,"date":"2017-11-01T10:34:29","date_gmt":"2017-11-01T05:04:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23600"},"modified":"2017-11-01T10:36:06","modified_gmt":"2017-11-01T05:06:06","slug":"wednesday-1st-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-1st-november-european-open-briefing\/","title":{"rendered":"Wednesday 1st November: 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 1.69 %, Shanghai Composite rose 0.14 %, Hang Seng climbed 0.58 %, ASX 200 rose 0.49 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1270.54 (0.01 %), Silver at $16.73 (0.25 %), WTI Oil at $54.63 (0.46 %), Brent Oil at $61.15 (0.34 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.39, UK 10-year yield at 1.33, 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;\">(CNY) Caixin Manufacturing PMI <strong>51.0<\/strong> <strong>vs 51.0<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Employment Change q\/q <strong>2.2 %<\/strong> <strong>vs 0.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Unemployment Rate <strong>4.6 %<\/strong> <strong>vs 4.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence <strong>125.9 vs 121.1 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Chicago PMI <strong>66.2 vs 60.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) GDP m\/m <strong>-0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) RMPI m\/m <strong>-0.1 % vs 0.4 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Employment Cost Index q\/q <strong>0.7 % vs 0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) CPI Flash Estimate y\/y <strong>1.4 % vs 1.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Core CPI Flash Estimate y\/y <strong>0.9 % vs 1.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Prelim Flash GDP q\/q<strong> 0.6 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China October factory output rises at weakest pace in four months: Caixin PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asia shares hit 10-year high on strong economy, oil gains- 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 rallied on Wednesday beginning November on a strong note. Most Asian stocks were trading near all-time highs as investors digested regional earnings reports. Markets also digested the release of China&#39;s Caixin manufacturing Purchasing Managers&#39; Index, which met expectations.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY continued to gain on Wednesday reaching highs of over 113.90, overall the Yen lost 0.2 percent against the USD, this is in continuation to the 0.4 percent drop on Tuesday. Currently USDJPY is seen trading around 113.85. Following a softer yen, The Nikkei Stock Average NIKKEI 225&nbsp;jumped over 1.5%, reaching fresh 21-year highs, after it logged its best month in two years in October.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD had a rather quiet session early on Wednesday, currently the Euro is seen valued at 1.1630 against the US Dollar down from the session highs of around 1.1655. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.1% and is currently valued at 94.69. The yield on 10-year Treasuries added one basis point to 2.39 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">NZDUSD jumped higher today lifted by news third-quarter unemployment fell to its lowest level since the global financial crisis. The kiwi rose 0.9 percent against the US Dollar and is currently seen trading above 0.6900. Meanwhile the AUDUSD traded in a small range but is slightly higher on the session currently seen trading around 0.7660 down from the session lows of 0.7648<\/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;\">09:30 GMT &ndash; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:15 GMT &ndash; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (GBP) ISM Manufacturing PMI<\/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;\">17:15 GMT &ndash; (CHF) Gov Board Member Zurbrugg Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:15 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.69 %, Shanghai Composite rose 0.14 %, Hang Seng climbed 0.58 %, ASX 200 rose 0.49 % Commodities: Gold at $1270.54 (0.01 %), Silver at $16.73 (0.25 %), WTI Oil at $54.63 (0.46 %), Brent Oil at $61.15 (0.34 %) Rates: US 10-year yield at 2.39, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-1st-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 1st November: 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-23600","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\/23600","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=23600"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23600\/revisions"}],"predecessor-version":[{"id":23602,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23600\/revisions\/23602"}],"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=23600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}