-
European markets set to more or less flat
-
FOMC minutes in the evening
-
DOE report on oil stocks, ADP employment report
Futures markets point to a flat opening of the European cash session today. Optimism faded with yesterday's Wall Street session turning out mixed and a downbeat session in Asia today. Ranges on the FX market were narrow during the overnight trading. No major moves were spotted on commodities markets either.
While Asian session may not have been interesting, the day ahead certainly will be. Investors will be offered FOMC minutes in the evening. Attention will be focused on discussions around Fed's balance sheet and what is the future outlook for QE taper and potential winding down of balance sheet.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appApart from FOMC minutes, investors will also be offered ADP employment report for December. This will be the final hint ahead of NFP report scheduled for Friday so the release should be watched closely. Services PMI data scheduled for release today are mostly revisions of December's data from Europe and the United States.
8:15 am GMT - Spain, services PMI for December. Expected: 57.5. Previous: 59.8
8:45 am GMT - Italy, services PMI for December. Expected: 53.7. Previous: 55.9
8:50 am GMT - France, services PMI for December (final). First release: 57.1
8:55 am GMT - Germany, services PMI for December (final). First release: 48.4
9:00 am GMT - Euro area, services PMI for December (final). First release: 53.3
10:00 am GMT - Italy, CPI inflation for December. Expected: 3.9% YoY. Previous: 3.7% YoY
1:15 pm GMT - US, ADP report on employment for December. Expected: 400k. Previous: 534k
1:30 pm GMT - Canada, building permits for November. Expected: 2.3% MoM. Previous: 1.3% MoM
2:45 pm GMT - US, services PMI for December (final). First release: 57.5
3:30 pm GMT - DOE report on oil inventories.
-
Oil inventories. Expected: -3.3 mb (API: -6.43 mb)
-
Gasoline inventories. Expected: +3.0 mb (API: +7.06 mb)
-
Distillate inventories. Expected: +2.7 mb (API: +4.38 mb)
7:00 pm GMT - FOMC minutes
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.
