Monday 5th October: European Open Briefig

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Global Markets:

  • Asian stock markets: Nikkei up 1.20 %, Hang Seng and ASX both rose 1.80 %
  • Commodities: Gold at $1136.90 (+0.05 %), Silver at $15.24 (-0.20 %), WTI Oil at $45.68 (+0.30 %), Brent Oil at $48.30 (+0.20 %)
  • Rates: US 10 year yield at 1.98, UK 10 year yield at 1.71, German 10 year yield at 0.52

News & Data:

  • Japan Nikkei Services PMI (Sep): 51.4 (prev 53.7),
  • Japan Nikkei Composite PMI (Sep): 51.2 (prev 52.9)
  • Australia TD Securities Inflation (MoM) Sep: 0.3% (prev 0.1%)
  • Australia AiG PSI (Sep): 52.3 (prev 55.6)
  • Singapore Services PMI (Sep): 51.4 (prev 50.8)
  • World Bank Cuts China Growth Forecast: – 2015: 6.9% (prev 7.1%) – 2016: 6.7% (prev 7.0%)
  • Saudi Aramco Cuts Crude Pricing To Asia & US Amid Weak Demand — BBG
  • Norwegian PM Solberg: Currency Woes Threatening Norwegian Economy — Gulf News

CFTC Positioning Data:

  • EUR short 88K vs 81K short prior week
  • GBP short 2K vs. 1K long prior week
  • JPY short 22K vs 24K short prior week
  • CAD short 42K vs 38K short prior week
  • CHF short 3K vs 2k short prior week
  • AUD short 49K vs. 53K short prior week
  • NZD short 3K vs. 4K short prior week

Upcoming Events:

  • 08:45 BST – Italian Services PMI
  • 08:50 BST – French Services PMI
  • 08:55 BST – German Services PMI
  • 09:00 BST – Euro Zone Services PMI
  • 09:30 BST – UK Services PMI
  • 10:00 BST – Euro Zone Retail Sales
  • 14:45 BST – US Services PMI
  • 15:00 BST – US ISM Non-Manufacturing PMI

The Week Ahead (Key Events).

Tuesday, October 06th

  • 04:30 BST – RBA Rate Decision
  • 08:15 BST – Swiss CPI
  • 15:00 BST – Canadian Ivey PMI
  • 18:00 BST – ECB President Draghi speaks

Wednesday, October 07th

  • 07:00 BST – German Industrial Production
  • 09:30 BST – UK Industrial Production
  • 09:30 BST – UK Manufacturing Production
  • 13:30 BST – Canadian Building Permits

Thursday, October 08th

  • 02:45 BST – Chinese Caixin Services PMI
  • 12:00 BST – Bank of England Rate Decision
  • 12:30 BST – ECB Meeting Minutes
  • 13:30 BST – US Initial Jobless Claims
  • 19:00 BST – Bank of England Governor Carney speaks
  • 19:00 BST – FOMC Meeting Minutes

Friday, October 09th

  • 13:30 BST – Canadian Employment Change
  • 13:30 BST – Canadian Unemployment Rate

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