• EIA weekly report is expected to show 1.95 million barrels decline
Economic calendar is quite light with EIA Crude Oil Inventories report and Canada CPI figures being the two noteworthy readings scheduled for release. When it comes to macroeconomic releases, markets are waiting for the US weekly initial jobless claims figures, on Thursday, given the renewed economic shutdowns in California, Florida and Texas. On the corporate front, Microsoft (MSFT.US) and Tesla (TSLA.US) will publish their quarterly results.
13:30 BST – Canada’s CPI m/m. Expected: 0.4%. Previous: 0.3%
15:00 BST – US Existing Home Sales. Expected: 4.77m Previous: 3.91m
15:30 BST - EIA Crude Oil inventories report. Expected – 1.95 mln barrels. Previous: -7.5mln barrels
Noteworthy earnings releases
• Microsoft Corp. (MSFT.US) – after market close
• Tesla (TSLA.US) - after market close
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