17 Aug 2015

Monday 17th August: European Open Briefing

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Global Markets:

  • Asian stock markets: Nikkei up 0.25 %, Shanghai Composite declined 0.10 %, Hang Seng fell 1.05 %, ASX rose 0.50 %
  • Commodities: Gold at $1116 (+0.30 %), Silver at $15.21 (+0.05 %), WTI Oil at $42.60 (-1.25 %), Brent Oil at $48.60 (-0.25 %)
  • Rates: US 10 year yield at 2.19, UK 10 year yield at 1.87, German 10 year yield at 0.65

News & Data:

  • Japan GDP QoQ -0.4 % (exp -0.5 % prev 1.1 %)
  • Japan GDP YoY -1.6 % (exp -1.9 % prev 4.5 %)
  • Japan GDP Capex -0.1 % (exp -0.1 % prev 2.8 %)
  • Japan GDP Price Index 1.6 % (prev 3.4 %)
  • Japan GDP Private Consumption -0.8 % (exp -0.4 % prev 0.3 %)
  • Japan EcoMin Amari: Expects Japan's Economy To Recover Moderately — RTRS
  • Amari: Q2 Contraction Owing To Bad Weather, Taxes On Mini Vehicles & Soft China/US Exports — RTRS
  • PBOC Fixes Yuan Reference Rate At 6.3969 (prev 6.3975)

CFTC Positioning Data:

  • EUR short 115K vs 113k short prior week.
  • GBP short 10K vs. 10K short prior week
  • JPY short 105K vs. 80K short prior week.
  • CAD short 67K vs. 64K short prior week.
  • CHF short 7K vs 1.5K long prior week.
  • AUD short 51K vs. 50K short prior week
  • NZD short 11K vs. 12K short prior week

Upcoming Events:

  • 10:00 BST – Euro Zone Trade Balance
  • 13:30 BST – US NY Empire State Manufacturing Index
  • 15:00 BST – US NAHB Housing Market Index

The Week Ahead (Key Data & Events):

Tuesday, August 18th

  • 02:30 BST – RBA Meeting Minutes
  • 09:30 BST – UK CPI
  • 13:30 BST – US Building Permits
  • 13:30 BST – US Housing Starts

Wednesday, August 19th

  • 00:50 BST – Japanese Trade Balance
  • 09:00 BST – Euro Zone Current Account
  • 13:30 BST – US CPI

Thursday, August 20th

  • 07:00 BST – German PPI
  • 09:00 BST – Norwegian GDP
  • 09:30 BST – UK Retail Sales
  • 13:30 BST – US Initial Jobless Claims
  • 15:00 BST – US CB Leading Index
  • 15:00 BST – US Philadelphia Fed Manufacturing Index
  • 15:00 BST – US Existing Home Sales

Friday, August 21st

  • 01:00 BST – Singapore GDP
  • 07:00 BST – German Consumer Climate
  • 13:30 BST – Canadian CPI
  • 13:30 BST – Canadian Retail Sales
  • 15:00 BST – Euro Zone Consumer Confidence

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