Economic calendar: US PPI and jobless claims in the market spotlight

• US and European index contracts are trading higher today
• Light macro calendar during the session on the Old Continent
• Attention focused on US PPI data and jobless claims

After a day full of important macro data yesterday, today investors will not learn very important readings from the global economy; other than producer price inflation (PPI) and unemployment claims. In the evening Polish time, investors will also listen to a speech by John Williams, chairman of the New York Fed. Some volatility can be expected by investors in the natural gas market, where there will be an update on the EIA's inventory change following the recent heat wave in the US.

Economic calendar

12:30 PM GMT, US - Jobless claims. Expected 225k vs. 215k previously

12:30 PM GMT, USA - PPI inflation: Expected: 2.5% y/y vs. 2.2% previously (0.1% m/m vs. 0.5% m/m previously)

• Core PPI. Expected 2.4% vs 2.4% previously (0.3% m/m exp. vs 0.5% previously)

2:30 PM GMT - Change in US gas inventories according to EIA. Expectations: 75 billion cubic feet (bcf) vs 98 bcf previously

Central bankers' speeches

• Fed, Williams - 4 PM GMT