-
European indices set to open lower
-
Fitch downgrades US credit rating
-
ADP jobs report to give hints ahead of Friday's NFP
Futures markets point to a lower opening of the European cash session today. EuroStoxx futures are around 0.8% down at press time. This comes amid an increase in risk aversion, following Fitch downgrade of US credit rating. Fitch lowered US credit rating from AAA to AA+ after putting it on negative watch back in May. The story will likely continue to make headlines today.
Economic calendar for the day ahead is light. Traders will be offered ADP jobs report for July as well as EIA report on US inventories. Both will be watched closely - ADP data will be on watch as it will be the final hint ahead of Friday's NFP report while EIA report will be on watch following massive inventory slump signaled by API data yesterday.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app1:15 pm BST - US, ADP employment report for July. Expected: 190k. Previous: 497k
3:30 pm BST - EIA report on US oil inventories.
-
Oil inventories. Expected: -0.9 mb (API: -15.4 mb)
-
Gasoline inventories. Expected: -1.4 mb (API: -1.68 mb)
-
Distillate inventories. Expected: +0.8 mb (API: -0.51 mb)
Top Wall Street earnings reports
-
CVS Health (CVS.US) - before market open
-
DoorDash (DASH.US) - after market close
-
Kraft Heinz (KHC.US) - before market open
-
Marathon Oil (MRO.US) - after market close
-
PayPal Holdings (PYPL.US) - after market close
-
Phillips 66 (PSX.US) - before market open
-
Qualcomm (QCOM.US) - after market close
-
Robinhood Markets (HOOD.US) - after market close
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.
