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European markets set to open lower
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Flash UoM Data, Russian rate decision
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UK GDP growth reached 6.5% YoY in Q4 2021
European stock market indices are set to launch today's trading lower, following a massive reversal on Wall Street yesterday. Moods on the equity markets are negatively impacted by pick-up in US inflation that threatens to encourage Fed to be more aggressive with tightening. Economic calendar for today is rather empty therefore sentiment may remain a key driver of the moves today.
Final German CPI data for January was released this morning at 7:00 am GMT. Report showed a deceleration from 5.3% YoY in December to 4.9% YoY - in-line with preliminary reading. As this was a revision, the report barely had any impact on the markets. Simultaneously, flash UK GDP report for Q4 2021 was released. UK growth reached 1% QoQ in Q4, slightly lower than 1.1% QoQ expected by the analysts. On a year-over-year basis, UK growth reached 6.5% YoY in Q4 2021. However, just as it was the case with German inflation, UK GDP report also failed to trigger major market moves.
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Create account Try a demo Download mobile app Download mobile app10:30 am GMT - Central Bank of Russia rate decision
3:00 pm GMT - US, University of Michigan consumer sentiment for February. Expected: 67.5. Previous: 67.2
Central bankers' speeches
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8:05 am GMT - ECB's Elderson
Wall Street earnings releases
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Dominion Energy (D.US) - before market open
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Under Armour (UAA.US) - before market open
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