-
European indices set for slightly higher opening
-
US CPI inflation expected to have decelerated in February
-
Short-term US yields climb after yesterday's plunge
Stock markets in Europe are set for a slightly higher opening with DAX futures currently trading around 50 points above yesterday's cash close. Situation on the global markets have calmed somewhat - equities are no longer in freefall and US short-term yields started to recover following yesterday's slump (2-yr yield dropped over 100 basis points!).
While all points to a slightly higher opening in Europe, traders should keep in mind that European indices opened flat yesterday and slumped shortly afterwards. This shows that markets remain nervous and situations can change quickly so stay on guard while trading in the coming days. Economic calendar for today is light but includes one top-tier reading - US CPI data for February (12:30 pm GMT). Market expects significant deceleration in headline price growth as well as a moderate drop in core inflation. A lower-than-expected reading would give Fed more comfort to deliver a smaller rate hike or even leave rates unchanged at a meeting next week, and wait to see how the situation in the US banking sector develops.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:00 am GMT - Spain, CPI inflation for February (final). First release: 6.1% YoY
9:00 am GMT - Italy, industrial production for January. Expected: -0.4% MoM. Previous: +1.6% MoM
12:30 pm GMT - Canada, manufacturing sales for January. Expected: +4.0% MoM. Previous: -1.5% MoM
12:30 pm GMT - US, CPI inflation for February.
-
Headline. Expected: 6.0% YoY. Previous: 6.4% YoY
-
Core. Expected: 5.5% YoY. Previous: 5.6% YoY
8:40 pm GMT - API report on US oil inventories. Expected: +0.6 mb. Previous: -3.83 mb
Asian session ahead
-
Tuesday, 11:50 pm GMT - Bank of Japan minutes
-
Wednesday, 2:00 am GMT - China, monthly activity data for February
Central bankers' speeches
-
9:20 pm GMT - Fed Bowman
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.
