Monday 11th May: European Open Briefing

Posted On 11 May 2015

By : IC Markets

Comment: 0

Tag: Euro Zone GDP, European Session, German GDP, UK Industrial Production

Global Markets:

Asian stock market: Nikkei up 1.25 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.60 %, ASX dropped 0.10 %
Commodities: Gold at $1187 (-0.15 %), Silver at $16.42 (-0.30 %), WTI Oil at $59.20 (-0.30 %), Brent Oil at $66.10 (-0.10 %)
Rates: US 10 year yield at 2.14, UK 10 year yield at 1.87, German 10 year yield at 0.54

News & Data:

PBOC cuts rates by 25 bps
China’s PBOC Still Has Room To Ease Monetary Policy — Securities Journal
ANZ Looking For The RBNZ To Cut In Both June & July
Australia NAB Business Confidence 3.0, Previous: 3.0

CFTC Positioning Data:

EUR net short 190K vs 198K short prior
JPY net short 31,183 vs 5,493 short prior
GBP net short 24,758 vs. 34,128 short prior
AUD net long 626 vs 27,405 short prior
CAD net short 10,080 vs 20,909 short prior
CHF net long 5,331 vs 1,335 long prior

Upcoming Events:

07:00 GMT – German WPI
12:00 GMT – Bank of England Interest Rate Decision
15:00 GMT – US CB Employment Trends Index

The Week Ahead (Key Data/Events):

Tuesday, May 12th

02:30 BST – Australian Home Loans
09:30 BST – UK Industrial Production
09:30 BST – UK Manufacturing Production
15:00 BST – UK NIESR GDP Estimate
17:45 BST – FOMC Member Williams speaks
22:05 BST – RBNZ Governor Wheeler speaks

Wednesday, May 13th

00:50 BST – Japanese Current Account
06:30 BST – Chinese Industrial Production
07:00 BST – German GDP
07:00 BST – German CPI & HICP
07:45 BST – French HICP
08:00 BST – Spanish HICP
09:00 BST – Italian GDP
09:30 BST – UK Unemployment Rate
09:30 BST – UK Average Earnings Index
09:30 BST – UK Claimant Count Change
10:00 BST – Euro Zone GDP
10:00 BST – Euro Zone Industrial Production
10:30 BST – Bank of England Governor Carney speaks
10:30 BST – Bank of England Inflation Report
13:30 BST – US Retail Sales
23:45 BST – New Zealand Retail Sales

Thursday, May 14th

13:30 BST – US Initial Jobless Claims
13:30 BST – US PPI

Friday, May 15th

08:15 BST – Swiss PPI
13:30 BST – US NY Empire State Manufacturing Index
15:00 BST – US Michigan Consumer Sentiment

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