- European stock markets set to open higher
- US CPI data for April in the spotlight
- Earnings from Disney and Toyota Motor Corp
Futures based on indexes from the Old Continent point to slightly higher opening of today’s trading session in Europe. Markets are looking nervous ahead of the macro publications scheduled for today, which are likely to dictate how the future monetary policy of the major central banks will be created. The crypto market extends bearish trend with Bitcoin losing 0.08% and trading below $27,700. This week is full of surprises for crypto investors, after Binance withdrawal problems, now investors are speculating about Binance bankruptcy.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appTraders will be offered top-tier macro publication today that may help them to designate the next trend after consolidation. Investors’ attention is primarily focused on the CPI inflation reading from the US. This data will probably outweigh which direction FED will take on the next FOMC meeting. Currently, most investors anticipate a pause on the next meeting with only 25% chances on the 25 bp hike. Besides CPI data, the economic calendar is relatively light.
Macro calendar:
-
01:00 pm BST: Central Bank of Romania Interest Rate decision
-
01:30 pm BST:
-
CPI inflation (YoY). Forecast: 5.0% YoY. Previously: 5.0% YoY.
-
Core CPI inflation (YoY). Forecast: 5.5% YoY. Previously: 5.6% YoY.
-
CPI inflation (MoM). Forecast: 0.4% MoM. Previously: 0.1% MoM.
-
Core CPI inflation (MoM). Forecast: 0.4% MoM. Previously: 0.4% MoM.
-
Central bankers' speeches:
-
05:00 BST: SNB Chairman Jordan Speaks
Top Wall Street earnings:
-
Disney Corp (DIS.US)
-
Toyota Motor Corp (TM.US)
-
Honda Motor Company (HMC.US)
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.
