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European market set to open higher
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Rate decisions from Bank of England, Norges Bank
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OPEC+ meeting on output
European stock market indices are set for a higher opening of today's session. Moods on equity markets remain upbeat after FOMC announced a long-awaited tapering and refrained from providing details on rate hike timing. Investors will be offered rate decisions from two other central banks today - Norges Bank at 9:00 am GMT and Bank of England at 12:00 pm GMT. The latter is expected to be more interesting as economists are 50-50 split on whether BoE will leave rates unchanged or deliver a 15 basis point rate hike. Apart from that, OPEC+ will meet today to decide on future output. The most likely outcome is to maintain the current policy of boosting output by 400k bpd each month.
8:15 am GMT - Spain, services PMI for October. Expected: 55.9. Previous: 56.9
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Create account Try a demo Download mobile app Download mobile app8:45 am GMT - Italy, services PMI for October. Expected: 54.5. Previous> 55.5
8:50 am GMT - France, services PMI for October (final). First release: 56.6
8:55 am GMT - Germany, services PMI for October (final). First release: 52.4
9:00 am GMT - Euro area, services PMI for October (final). First release: 54.7
9:00 am GMT - Norges Bank decision
10:00 am GMT - Euro area, PPI inflation for September. Expected: 15.2% YoY. PRevious: 13.4% YoY
12:00 pm GMT - Bank of England decision
12:30 pm GMT - US, trade balance for September. Expected: -$80.4 billion. Previous: -$73.3 billion
12:30 pm GMT - US, jobless claims. Expected: 275k. Previous: 281k
2:30 pm GMT - EIA natural gas storage. Expected: 67 bcf. Previous: 87 bcf
Central bankers' speeches
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1:00 pm GMT - ECB President Lagarde
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5:50 pm GMT - Fed Quarles
US earnings releases
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Moderna (MRNA.US) - before market open
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Square (SQ.US) - after market close
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Airbnb (ABNB.US) - after market close
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Uber Technologies (UBER.US) - after market close
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Cigna Corporation (CI.US) - before market open
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Regeneron Pharmaceuticals (REGN.US) - before market open
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Barrick GOld (GOLD.US) - before market open
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Occidental Petroleum (OXY.US) - after market close
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Pinterest (PINS.US) - after market close
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