20 Jul 2015

Monday 20th July: European Open Briefing

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Global Markets:

  • Asian stock markets: Nikkei up 0.25 %, Shanghai Composite fell 0.40 %, Hang Seng lost 0.20 %, ASX up 0.05 %
  • Commodities: Gold at $1106 (-2.20 %), Silver at $14.61 (-1.50 %), WTI Oil at $51.12 (-0.20 %), Brent Oil at $57.06 (-0.05 %)
  • Rates: US 10 year yield at 2.35, UK 10 year yield at 2.08, German 10 year yield at 0.80
     

News & Data:

  • UK House Price Index 0.1 %, Previous: 3.0 %
  • NZ PM Key: NZD has fallen faster than expected – BBG
  • Gold sinks as much as 5.5%, below $1,100/oz, for first time since Mar 2010
  • German Economy Probably Grew Moderately in Q2 – Finance Ministry
  • Saudi Arabia Crude Exports Fall To Five-Month Low On China — BBG
  • Commodities Crash Could Turn Australia Into A New Greece — Telegraph
     

CFTC Positioning Data:

  • EUR shorts 107,781 vs 99,266 shorts prior week.
  • GBP shorts 24,199 vs. 22,973 shorts prior week
  • JPY shorts 47,371 vs. 63,629 shorts prior week.
  • CAD shorts 40,726 vs. 32,268 shorts prior week.
  • CHF longs 3,081 vs 6,121 long prior week.
  • AUD shorts 33,541 vs. 22,197 shorts prior week
     

Upcoming Events:

  • 07:00 BST – German PPI
  • 09:00 BST – Euro Zone Current Account
  • 13:30 BST – Canadian Wholesale Sales
     

The Week Ahead (Key Data/Events):

Tuesday, July 21st

  • 00:30 BST – Japan Tankan Index
  • 07:00 BST – Swiss Trade Balance
  • 13:55 BST – US Redbook

Wednesday, July 22nd

  • 02:30 BST – Australian CPI
  • 09:00 BST – Italian Industrial Orders
  • 09:30 BST – Bank of England Meeting Minutes
  • 10:00 BST – Italian Retail Sales
  • 15:00 BST – US Existing Home Sales
  • 22:00 BST – RBNZ Interest Rate Decision

Thursday, July 23rd

  • 00:50 BST – Japanese trade Balance
  • 08:00 BST – Spanish Unemployment Rate
  • 08:30 BST – Swedish Unemployment Rate
  • 09:30 BST – UK Retail Sales
  • 13:30 BST – US Initial Jobless Claims
  • 13:30 BST – Canadian Retail Sales
  • 15:00 BST – US CB Leading Index
  • 15:00 BST – Euro Zone Consumer Confidence
  • 23:45 BST – New Zealand Trade Balance

Friday, July 24th

  • 02:45 BST – Chinese HSBC Manufacturing PMI
  • 08:00 BST – French Manufacturing PMI
  • 08:00 BST – French Services PMI
  • 08:30 BST – German Manufacturing PMI
  • 08:30 BST – German Services PMI
  • 09:00 BST – Euro Zone Manufacturing PMI
  • 09:00 BST – Euro Zone Services PMI
  • 14:45 BST – US Services PMI
  • 15:00 BST – US New Home Sales

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