- European indices are slightly higher after stock market open
- Final CPI from Europe, EIA oil stocks and bankers' speeches
- LVMH (MC.FR) gains more than 3% after results
Despite Powell's hawkish speech yesterday, we are seeing the dollar weakening against most currencies today, and we can associate this with the realization of gains, after the 5 best sessions for the 'greenback' since 2022. Today we are likely to see higher volatility on GBP pairs. Inflation data from the UK turned out to be slightly higher than forecasts, and today we are facing a series of speeches by central bankers from the Bank of England, including Governor Bailey at 5 PM GMT. The market will also watch the final inflation data from the Eurozone. In general, the macro calendar is relatively poor today. LVMH's higher-than-forecast results provided only limited support to broader fashion market sentiment, except high-luxury producers such as Hermes (HRM.FR), or Christian Dior (CDI.US) which are trading up 2% and 3% respectively. In addition to data and company results, the market will also focus on oil, which is correlated with inflation dynamics and may react to US inventory data.
Macro calendar
10:00 AM GMT - Eurozone, final inflation data for March. (CPI y/y 2.4% vs. 2.4% previously, CPI m/m: 0.8% vs. 0.6% previously)
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile app3:30 PM GMT - US, EIA oil inventories: 1.65 million barrels exp. vs. 5.84 million previously
- Gasoline inventories: -1 million exp. vs. 0.715 million previously
- Distillate inventories: -0.9 million exp. vs. 1.65 million previously
7 PM GMT - US, Fed Beige Book
Speeches by central bankers
- 11:00 - ECB Cipollone
- 15:00 - BoE Greene
- 17:00 - ECB de Cos
- 17:45 - ECB Schnabel
- 18:00 - BoE governor Bailey
- 20:00 - BoE Haskel
- 20:00 - ECB governor, Lagarde
- 23:30 - Fed, Mester
Key results from US companies:
US Bancorp, Travelers, Citizens Finanial, Abbott Technologies
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
