-
European index futures erase premarket gains
-
German inflation data for September in focus
-
BoE speakers likely to face QE questions
Futures markets point to a slightly lower opening of the European cash session, after erasing most of overnight gains over the past hour. DAX futures trades around 20 points below yesterday's cash close at press time. The US dollar is regaining some ground after yesterday's pullback, putting pressure on commodity prices. Cryptocurrencies are also trading lower.
There are some interesting events scheduled for today. Flash CPI readings for September from Spain and Germany will be released. While Spanish reading is expected to show deceleration in price growth, German reading is expected to show a significant pick-up. Inflation data from North Rhine Westphalia state was already released and show massive acceleration from 8.1 to 10.1% YoY. Apart from European inflation data, focus will also be on speeches from BoE members as they may shed some more light on the decision to delay QT and launch QE instead. Revision of US Q2 GDP data is unlikely to have much of an impact on the market.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:00 am BST - Spain, CPI inflation for September. Expected: 10.1% YoY. Previous: 10.5% YoY
8:30 am BST - Riksbank minutes
1:00 pm BST - Germany, CPI inflation for September. Expected: 9.4% YoY. Previous: 7.9% YoY
1:30 pm BST - US, GDP report for Q2 2022 (annualized, third release). Second release: -0.6%
1:30 pm BST - Canada, monthly GDP report for July. Expected: -0.1% MoM. Previous: 0.1% MoM
1:30 pm BST - US, jobless claims. Expected: 215k. Previous: 213k
3:30 pm BST - EIA natural gas inventories. Expected: +95 bcf. Previous: +103 bcf
Central bankers' speeches
-
8:00 am BST - Riksbank Ohlsson
-
8:00 am BST - ECB Panetta
-
8:45 am BST - ECB Centeno
-
9:00 am BST - ECB Villeroy, Knot & Elderson
-
9:00 am BST - ECB Guindos
-
9:30 am BST - Riksbank Governor Ingves
-
10:30 am BST - ECB Guindos
-
12:30 pm BST - BoE Ramsden
-
2:30 pm BST - Fed's Bullard
-
4:00 pm BST - BoE Tenreyro
-
4:00 pm BST - BoE Pill
-
6:00 pm BST - Fed Mester & ECB Lane
-
9:45 pm BST - Fed Daly
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.
