- European markets set to open slightly lower
- FOMC to announce monetary policy decision at 6:00 pm GMT
- ADP report expected to show 400k jobs gains
European stock markets are set for a slightly lower opening today, following a mixed trading in Asia. The day ahead features many top-tier releases. Markets are in wait-and-see mode ahead of the FOMC decision scheduled for the evening (6:00 pm GMT). Expectations for earlier Fed tightening rose after the latest US inflation reading came higher than anticipated. The US central bank is set to announce the start of its monthly bond purchase tapering process, but investors shifted their attention to the timing of rate hikes. Other major reading of the day will be released earlier at 12:15 pm GMT - ADP employment report for October. This will be a final hint ahead of US official jobs data release on Friday. However, it should be noted that ADP has been a poor predictor of NFP readings in recent months. Last but not least, US oil inventories data will be released at 3:30 pm BST and may trigger some short-term volatility on the oil market.
8:00 am GMT - Spain, Unemployment change for October. Expected: 21.2k. Previous: -76.1k
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app9:30 am GMT - UK, Final Services PMI for October. Expected: 58.0 Previous: 58.0
10:00 am GMT - Eurozone, Unemployment rate for September. Expected: 7.4% Previous: 7.5%
12:15 pm GMT - US, ADP report on employment for October. Expected: 400k. Previous: 568k
1:45 pm GMT - US, Final Services PMI for October. Expected: 58.2 Previous: 54.9
2:00 pm GMT - US, ISM Services PMI for October. Expected: 62.0 Previous: 61.9
2:00 pm GMT - US, Factory orders for September. Expected: 0.1% Previous: 1.2%
2:30 pm GMT - DOE report on oil inventories:
- Oil inventories. Expected: +2.225 mb
- Gasoline inventories. Expected: -1.333 mb
- Distillate inventories. Expected: -1.443 mb
6:00 pm BST - FOMC decision
Central bankers speeches:
- 10:00 am GMT - ECB President Lagarde
- 1:00 pm GMT - Gov Council Member Gravelle
- 4:00 pm GMT - BOE Gov Bailey
Top US earnings releases:
- CVS Health (CVS.US) - before market open
- Electronic Arts (EA.US)- after market close
- Etsy (ETSY.US)- after market close
- Infinera (INFN.US)- after market close
- Marathon Oil (MRO.US)- after market close
- Marriott International (MAR.US)- before market open
- MGM Resorts International (MGM.US)- after market close
- Norwegian Cruise Line Holdings (NCLH.US)- before market open
- Qualcomm (QCOM.US)- after market close
- Roku (ROKU.US)- after market close
- SunPower (SPWR.US)- after market close
- Take-Two Interactive Software (TTWO.US)- after market close
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
