{"id":27611,"date":"2018-07-31T11:43:54","date_gmt":"2018-07-31T06:13:54","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27611"},"modified":"2025-11-14T21:59:55","modified_gmt":"2025-11-14T10:59:55","slug":"tuesday-31st-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-31st-july-european-open-briefing\/","title":{"rendered":"Tuesday 31st July: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite up 0.27%, Hang Seng down 0.45%, ASX up 0.22%<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1220.50 (-0.07%), Silver at $15.50 (-0.24%), Brent Oil at $75.31 (-0.32%), WTI Oil at $69.84 (-0.41%)<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.938, UK 10-year yield at 1.351, Germany 10-year yield at 0.443<\/span><\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) BOJ Policy Rate -0.10% vs -0.10% expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Building Approvals m\/m 6.40% vs 1.10% expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) ANZ Business Confidence -44.9 vs -39 previous<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Manufacturing PMI 51.2 vs 51.4 expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Non-Manufacturing PMI 54 vs 55 expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Net Lending to Individuals m\/m 5.4B vs 5.3B expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Spanish Flash CPI y\/y 2.20% vs 2.30% expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) KOF Economic Barometer 101.1 vs 101.6 expected<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) German Prelim CPI m\/m 0.30% vs 0.40% expected<\/span><\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><\/h4>\n<p><span style=\"font-size:14px;\">Asian stock markets are mostly flat on Tuesday following the negative cues overnight from Wall Street amid weakness in tech stocks. Investors are cautious as they look ahead to the Bank of Japan&#8217;s monetary policy decision due later in the day amid speculation the central bank could tweak its massive asset-purchase program. Meanwhile, the U.S. Federal Reserve&#8217;s monetary policy decision is due on Wednesday.<\/span><\/p>\n<p><span style=\"font-size:14px;\">The Nikkei 225 moved into positive territory on the back of the Bank of Japan&#8217;s policy decision. The benchmark was last higher by 0.3 percent, with gains seen in miners, shippers and insurers. Utilities and other financials tracked lower. <\/span><\/p>\n<p><span style=\"font-size:14px;\">The Australian market is edging lower after opening higher despite the weak cues from Wall Street. Investors are cautious as they look ahead to monetary policy decisions from major central banks this week. Meanwhile, the Kospi slipped 0.1 percent after trading both above and below the flat line, with gains seen in manufacturing sector plays. Chinese shares were little changed going in to the lunch break following the release of official manufacturing PMI that slightly missed expectations.<\/span><\/p>\n<p><span style=\"font-size:14px;\">The dollar index, which tracks the dollar against a basket of currencies, pared some its losses made in the last session to trade at 94.433. Most major currencies stuck to narrow trading ranges ahead of several central bank decisions. The British pound held at $1.3132, drifting away from a more than 10-month trough of $1.2955 touched earlier in July. The euro was flat at $1.1707 after two consecutive sessions of gains.<\/span><\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) German Retail Sales m\/m<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Press Conference<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Flash GDP q\/q<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Prelim Flash GDP q\/q<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) GDP m\/m<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Employment Cost Index q\/q<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:45 PM GMT &#8211; (USD) Chicago PMI<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Employment Change q\/q<\/span><\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Unemployment Rate<\/span><\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\t<span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 114, 188); text-decoration-line: none; outline: 0px;\">&amp;more\u2026<\/a><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,195],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/27611"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=27611"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/27611\/revisions"}],"predecessor-version":[{"id":80739,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/27611\/revisions\/80739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/80032"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=27611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=27611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=27611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}