Monday 9th March: Europan Open Briefing

Global Markets:

  • Asian stock markets: Nikkei down 0.60 %, Shanghai Composite fell 0.90 %, ASX down 1.30 %, Hang Seng declined 0.75 %
  • Commodities: Gold at $1169 (+0.50 %), Silver at $15.78 (-0.18 %), WTI Oil at $49.42 (-0.40 %), Brent Oil at $59.36 (-0.80 %)
  • Rates: US 10 year yield at 2.229, UK 10 year yield at 1.952, German 10 year yield at 0.394

News & Data:

  • China Trade Balance CNY60.6bln, Expected: CNY10.8bln, Previous: CNY60.0bln
  • China Exports 48.3 % y/y, Expected: 14.2 %, Previous: -3.3 %
  • China Imports -20.5 % y/y, Expected: -10.0 %, Previous: -19.9 %
  • Japan GDP 0.4 % q/q, Expected: 0.6 %, Previous: 0.6 %
  • Japan GDP 1.5 % y/y, Expected: 2.2 %, Previous: 2.2 %
  • Japan GDP Price Index 2.4 % y/y, Expected: 2.3 %, Previous: 2.3 %
  • Japan Current Account ¥61bln, Expected: ¥288bln, Previous: ¥187bln
  • Japan Adjusted Current Account ¥1.06trln, Expected: ¥1.16trln, Previous: ¥850bln
  • New Zealand Manufacturing Sales 0.9 %, Previous: 0.4 %
  • Australia ANZ Job Advertisements 0.9 % m/m, Previous: 1.5 %

CFTC Positioning Data:

  • EUR net short 172K vs net short 178k prior
  • JPY net short 52K vs net short 47k prior
  • GBP net short 27K vs net short 22K prior
  • AUD net short 62K vs net short 63K prior
  • CAD net short 39K vs net short 36K prior
  • CHF net short 6K vs net short 5K prior

Upcoming Events:

  • 07:00 GMT – German Trade Balance (€21.0bln)
  • 09:30 GMT – Euro Zone Sentix Investor Confidence (15.0)
  • 12:15 GMT – Canadian Housing Starts (179k)
  • 17:05 GMT – FOMC Member Kocherlakota speaks
  • 17:30 GMT – German Bundesbank President Weidmann speaks

The Week Ahead (Key Data Releases & Events):

Tuesday, March 10th

  • 01:30 GMT – Chinese CPI & PPI
  • 06:45 GMT – Swiss Unemployment Rate
  • 14:00 GMT – US JOLTs Job Openings
  • 14:35 GMT – Bank of England Governor Carney speaks
  • 22:05 GMT – RBA Assistant Governor Kent speaks

Wednesday, March 11th

  • 05:30 GMT – Chinese Industrial Production
  • 08:00 GMT – ECB President Draghi speaks
  • 09:30 GMT – UK Manufacturing Production
  • 09:30 GMT – UK Industrail Production
  • 20:00 GMT – Reserve Bank of New Zealand Interest Rate Decision
  • 20:00 GMT – RBNZ Statement
  • 20:05 GMT – RBNZ Governor Wheeler speaks

Thursday, March 12th

  • 00:30 GMT – Australian Employment Change
  • 00:30 GMT – Australian Unemployment Rate
  • 07:00 GMT – German CPI
  • 09:30 GMT – UK Trade Balance
  • 12:30 GMT – US Initial Jobless Claims
  • 12:30 GMT – US Retail Sales
  • 12:45 GMT – Bank of Governor Carney speaks

Friday, March 13th

  • 12:30 GMT – US PPI & Core PPI
  • 12:30 GMT – Canadian Employment Change (21.3k)
  • 12:30 GMT – Canadian Unemployment Rate (6.5 %)
  • 14:00 GMT – US Michigan COnsumer Sentiment

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Source:: Monday 9th March: Europan Open Briefing

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