-
European markets set for higher opening
-
JPY spikes after BoJ widens YCC band
-
Housing market data from US, retail sales from Canada
European index futures point to a lower opening of the cash session on the Old Continent today. Bank of Japan's decision to widen the band around target 10-year yield from 0.25% to 0.50%, essentially delivering a rate hike of up to 25 bp. JPY spiked on the news while equity markets plunged. While index futures managed to recover some losses, USDJPY continues to trade near daily lows.
Day ahead includes some second tier data that may influence some short-term market moves, given thinner pre-Christmas volatility. Those include jobs data from Poland, housing market data from the United States or retail sales report from Canada. Oil traders will look for hints in weekly API report on oil inventories.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Poland, data pack for November.
-
Wage growth. Expected: 13.3% YoY. Previous: 13.0% YoY
-
Employment growth. Expected: 2.3% YoY. Previous: 2.4% YoY
-
Industrial production. Expected: 2.2% YoY. Previous: 6.8% YoY
1:00 pm GMT - Hungarian National Bank rate decision
1:30 pm GMT - US, housing market data for November.
-
Building permits. Expected: 1480k. Previous: 1512k
-
Housing starts. Expected: 1400k. Previous: 1425k
1:30 pm GMT - Canada, retail sales for October.
-
Headline. Expected: 1.4% MoM. Previous: -0.5% MoM
-
Ex-auto. Expected: 1.5% MoM. Previous: -0.7% MoM
9:40 pm GMT - API report on US oil inventories. Expected: -0.2 mb. Previous: +7.82 mb
Central bankers' speeches
-
9:00 am GMT - ECB Kazimir
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.
