Monday 21st September: European Open Briefing

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Global Markets:

  • Asian stock markets: Shanghai Composite gained 0.70 %, Hang Seng fell 1.50 %, ASX lost 2.70 %, Nikkei closed for holiday
  • Commodities: Gold at $1137 (-0.10 %), Silver at $15.12 (-0.30 %), WTI Oil at $45.40 (+0.80 %), Brent Oil at $47.85 (+0.20 %)
  • Rates: US 10 year yield at 2.13, UK 10 year yield at 1.83, German 10 year yield at 0.66

News & Data:

  • New Zealand Westpac Consumer Confidence (Q3): 106.0 (prev 113.0)
  • UK Rightmove House Prices (Yoy) Sep: 6.4% (prev 6.4%)
  • PBOC Fixes Yuan Reference Rate At 6.3676 (prev 6.3607)
  • Greek Elections Result In A Resounding Win For Syriza — Telegraph
  • Fed’s Williams Sees 2015 Interest Rate Rise As Appropriate — WSJ
  • BoJ Brainstorms Stimulus Overhaul As Options Dwindle — RTRS

CFTC Positioning Data:

  • EUR shorts 84K vs 82K shorts prior week
  • GBP shorts 4K vs. 18K shorts prior week
  • JPY shorts 27K vs 7K shorts prior week
  • CAD shorts 47K vs 49K shorts prior week
  • CHF longs 4K vs. 7K shorts prior week
  • AUD shorts 41K vs 47K shorts prior week
  • NZD shorts 2K vs 11K shorts prior week

Upcoming Events:

  • 07:00 BST – German PPI
  • 15:00 BST – US Existing Home Sales
  • 17:00 BST – ECB's Nowotny speaks
  • 18:00 BST – FOMC Member Lockhart speaks
  • 19:45 BST – Bank of Canada Governor Poloz speaks

The Week Ahead:

Tuesday, September 22nd

  • 02:30 BST – Australian House Price Index
  • 15:00 BST – US Richmond Manufacturing Index

Wednesday, September 23rd

  • 02:45 BST – Chinese Manufacturing PMI
  • 07:45 BST – French GDP
  • 08:00 BST – French Services PMI
  • 08:00 BST – French Manufacturing PMI
  • 08:30 BST – German Services PMI
  • 08:30 BST – German Manufacturing PMI
  • 09:00 BST – Euro Zone Services PMI
  • 09:00 BST – Euro Zone Manufacturing PMI
  • 13:30 BST – Canadian Retail Sales
  • 14:00 BST – ECB President Draghi speaks
  • 14:45 BST – US Manufacturing PMI
  • 17:00 BST – German Bundesbank President Weidmann speaks

Thursday, September 24th

  • 02:35 BST – Japanese Manufacturing PMI
  • 09:00 BST – German IFO Business Sentiment
  • 09:00 BST – Norges Bank Interest Rate Decision
  • 13:30 BST – US Durable Goods Orders
  • 13:30 BST – US Initial Jobless Claims
  • 15:00 BST – US New Home Sales
  • 22:00 BST – Fed Chair Yellen speaks

Friday, September 25th

  • 00:30 BST – Japanese CPI
  • 08:00 BST – Bundesbank President Weidmann speaks
  • 13:30 BST – US GDP
  • 14:45 BST – US Services PMI
  • 15:00 BST – US Michigan Consumer Sentiment

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