{"id":24734,"date":"2018-01-19T12:24:05","date_gmt":"2018-01-19T06:54:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24734"},"modified":"2018-01-19T12:24:53","modified_gmt":"2018-01-19T06:54:53","slug":"friday-19th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-19th-january-european-open-briefing\/","title":{"rendered":"Friday 19th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.22%, Shanghai Composite up 0.19 %, Hang Seng lost 0.07 %, ASX down 0.15%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1332.30 (+0.38 %), Silver at $17.05 (+0.57 %), WTI Oil at $63.14 (-1.27 %), Brent Oil at $68.64 (-0.97 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.631, UK 10-year yield at 1.331, German 10-year yield at 0.574<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Business NZ Manufacturing Index <strong>51.2 vs 57.7<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories <strong>-6.9M vs -1.4M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage &#8211;<strong>183B vs -201B <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) ADP Non-Farm Employment Change <strong>-7.1K vs 59.2K<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>220K vs 250K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Philly Fed Manufacturing Index <strong>22.2 vs 24.9 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Housing Starts <strong>1.19M vs 1.28M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Building Permits <strong>1.30M vs 1.29M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">House approves bill to keep government open as Senate Democrats take heat for threatening to block it<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">SEC says bitcoin funds raise &#39;investor protection issues&#39;<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian equities higher in quiet Friday trade. Headline focus remains on the delicate negotiations in Washington to avoid a government shutdown. While shutdown odds appeared to recede after House passed a stopgap measure, Senate prospects remain dicey. Lawmakers adjourned debate until Friday, leaving less than 24 hours to overcome divisions and pass it before the midnight deadline.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Regional yields have spiked higher, with Aussie and NZ 10 notes underperforming (rates up 6-7n). JGY 10Y yield up ~1bp to 0.08% &#8211; however US Treasuries have remained flat. While backup has been flagged as the biggest potential headwind for stocks, it has been contained as inflation remains subdued and no signs of any meaningful acceleration in central bank policy shifts. BoJ made no change to its JGB purchases on Friday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese equities slightly higher. Following the above consensus Q4 GDP growth, focus turns to this year&rsquo;s growth to see if cumulative effects of regulations and reforms have a bigger impact.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Aussie Dollar had continued its bull run for the sixth straight week, and the AAUD\/USD has broken the psychological resistance level of 0.800 decisively. Euro has also risen, contrary to expectations that it will test the 1.215 levels. However, with the Dollar set to gain in the coming weeks, further upside is not expected from the Euro. The Dollar Index touched a high of 91 yesterday, but has since fallen. The strengthening dollar could push USD\/JPY to 112 as well.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) German PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 AM GMT &#8211; (CHF) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Foreign Securities Purchases<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Inflation Expectations<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:15 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.22%, Shanghai Composite up 0.19 %, Hang Seng lost 0.07 %, ASX down 0.15% Commodities: Gold at $1332.30 (+0.38 %), Silver at $17.05 (+0.57 %), WTI Oil at $63.14 (-1.27 %), Brent Oil at $68.64 (-0.97 %) Rates: US 10-year yield at 2.631, UK 10-year yield at 1.331, &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-19th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 19th January: 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-24734","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\/24734","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=24734"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24734\/revisions"}],"predecessor-version":[{"id":24736,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24734\/revisions\/24736"}],"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=24734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}