- European markets set to open slightly higher
- US ADP report for January,
- Ministers from OPEC+ countries meet today
- Meta Platforms (FB.US) to report earnings after session close
Futures markets point to a slightly higher opening of today's trading session on the Old Continent. There are plenty of releases scheduled for today's session which may have an impact on the markets. EUR traders will focus on flash CPI data from the euro area at 10:00 am GMT. OPEC+ ministers will also meet today to decide on future output. Cartel will reportedly stick to the existing policy of moderate output increases on Wednesday despite strong demand, citing that the world is facing an energy shortage due to poorly calculated energy transitions to greener fuels by consuming nations. OPEC+ is expected to agree to go ahead with a planned 400,000 bpd increase for March, although it again failed to meet production targets in January. Investors will also be offered ADP employment report for January. This will be the final hint ahead of NFP report scheduled for Friday so the release should be watched closely.
10:00 am GMT - Euro area, CPI inflation for January (preliminary). Expected: 4.4% YoY. Previous: 5.0% YoY
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Create account Try a demo Download mobile app Download mobile app10:00 am GMT - Euro area, core CPI inflation for January (preliminary). Expected: 1.9% YoY. Previous: 2.6% YoY
1:15 pm GMT - US, ADP report on employment for December. Expected: 207k. Previous: 807k
3:30 pm GMT - DOE report on oil inventories
- Oil inventories. Expected: +1.525 mb (API: -1.645 mb)
- Gasoline inventories. Expected: +1.645 mb (API: +5.816 mb)
- Distillate inventories. Expected: +-1.492 mb (API: -2.508 mb)
Central bankers speeches:
8:00 pm BST - BOC Gov Macklem
Top US earnings:
Meta Platforms (FB.US) - after market close
Qualcomm (QCOM.US) - after market close
AbbVie (ABBV.US) - before market open
Marathon Petroleum (MPC.US) - before market open
Spotify Technology (SPOT.US) - after market close
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