Friday 15th May: European Open Briefing

Posted On 15 May 2015

By : IC Markets

Comment: 0

Tag: Asian stock markets, European Session, Norwegian Trade Balance, Swiss PPI

Global Markets:

Asian stock markets: Nikkei up 0.50 %, Shanghai Composite declined 1.45 %, Hang Seng rose 0.45 %, ASX gained 0.25 %
Commodities: Gold at $1219.30 (-0.50 %), Silver at $17.36 (-0.60 %), WTI Oil at $59.74 (-0.25 %), Brent Oil at $66.67 (-0.10 %)
Rates: US 10 year yield at 2.213, UK 10 year yield at 1.983, German 10 year yield at 0.70

News & Data:

Japan CGPI -2.1 % y/y, Expected: -2.1 %, Previous: 0.7 %
Japan CGPI 0.1 % m/m, Expected: 0.1 %, Previous: 0.3 %
Japan Econ Minister Amari: Important That Fiscal Reform Doesn’t Drag On Growth — BBG
China FDI (y/y) CNY Terms Apr: 10.5% (expected 2.0% previous 2.2%)
Fonterra Cuts Forecast 12-Month GDT Offer Volumes By 875m
Bank of Korea leaves key rate unchanged at 1.75 %
Bank of Korea Governor Lee: Cannot Respond To Export Slowdown With Interest Rates — RTRS
China Premier Li: China Needs Stronger Measures To Counter Downward Pressure — BBG
Bank of Japan Governor Kuroda: Inflation mind-set has changed In Last 2 Years, Slow Wage Recovery Hurt Spending In FY14 — MNI
BoJ Governor Kuroda: Inflation Expected To Reach 2% Around H1FY2016 — BBG
BoJ Governor Kuroda: Don’t Think Further Easing Is Needed At Present, Won’t Hesitate To Adjust Policy If Needed — BBG
BoJ Governor Kuroda: Premature Exit Discussion Would Confuse Market, Dependant On Economic Situation — BBG
Asian shares edge down but poised for weekly rise – RTRS
Dollar still on the defensive after tough week, economic data eyed – RTRS
Oil heads for weekly gain despite ample supply – RTRS

Upcoming Events:

08:15 GMT – Swiss PPI
09:00 GMT – Norwegian Trade Balance
09:30 GMT – Hong Kong GDP
13:30 GMT – Canadian Manufacturing Sales
13:30 GMT – US NY Empire State Manufacturing
15:00 GMT – US UoM Consumer Confidence

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