Friday 29th May: European Open Briefing

IC Markets No Comments

Global Markets:

  • Asian stock markets: Nikkei gained 0.25 %, Shanghai Composite rose 0.10 %, Hang Seng gained 0.30 %, ASX rallied 1.30 %
  • Commodities: Gold at $1189.80 (+0.10 %), Silver at $16.75 (+0.40 %), WTI Oil at $58.25 (+1.00 %), Brent Oil at $63.05 (+0.25 %)
  • Rates: US 10 year yield at 2.13, UK 10 year yield at 1.82, German 10 year yield at 0.53

News & Data:

  • Japan CPI 0.6 %, Expected: 0.6 %, Previous: 2.3 %
  • Japan Core CPI 0.3 %, Expected: 0.2 %, Previous: 2.2 %
  • Japan Unemployment Rate 3.3 %, Expected: 3.4 %, Previous: 3.4 %
  • Japan Household Spending -5.5 % m/m, Expected: -0.7 %, Previous: 2.4 %
  • Japan Household Spending -1.3 % y/y, Expected: 3.1 %, Previous: -10.6 %
  • Japan Industrial Production 1.0 % m/m, Expected: 0.8 %, Previous: -0.8 %
  • Japan Construction Orders -12.1 %, Previous: 10.8 %
  • Japan Housing Starts 0.4 %, Expected: 0.2 %, Previous: 0.7 %
  • Australia HIA New Home Sales 0.6 % m/m, Previous: 4.4 %
  • New Zealand ANZ Business Confidence 15.7 %, Previous: 30.2 %
  • New Zealand Building Consents -1.7 %, Previous: 10.3 %
  • Japan EconMin Amari: It has become difficult for nations to intervene in FX and take direct steps to weaken their currencies
  • Japan EconMin Amari: Yen has not hit an excessively weak level

Upcoming Events:

  • 07:00 BST – German Retail Sales
  • 07:45 BST – French Consumer Spending
  • 07:45 BST – French PPI
  • 08:00 BST – Spanish CPI
  • 08:30 BST – Swedish GDP
  • 08:30 BST – Swedish Retail Sales
  • 09:00 BST – Italian GDP
  • 09:00 BST – Norwegian Unemployment Change & Rate
  • 10:00 BST – Italian CPI
  • 13:30 BST – US GDP
  • 13:30 BST – Canadian GDP
  • 14:45 BST – US Chicago PMI
  • 15:00 BST – US Michigan Consumer Sentiment
  • 15:00 BST – US Michigan Consumer Expectations

Published by

IC Markets

IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.