-
European markets expected to open lower
-
ISM manufacturing index for April
-
Final manufacturing PMIs from Europe
Futures markets point to a lower opening of the European cash session, following a mixed Asian session. Trading in Asia was muted as Chinese traders were off for holidays. As UK traders are also off for holiday today, somewhat lower liquidity may be present during the European morning.
Economic calendar is light today. Investors will be offered manufacturing PMI indices from Europe but those will be revisions to April's data and therefore are unlikely to have a major impact on the market. On the other hand, ISM manufacturing index for April at 3:00 pm BST may trigger some short-term volatility on the US dollar. While the FOMC is expected to announce its next monetary policy decision this Wednesday, ISM data is unlikely to change central bankers' view, who are expected to deliver a 50 basis point rate hike.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:15 am BST - Spain, manufacturing PMI for April. Expected: 54.0. Previous: 54.2
8:45 am BST - Italy, manufacturing PMI for April. Expected: 55.0. Previous: 55.8
8:50 am BST - France, manufacturing PMI for April (final). First release: 55.4
8:55 am BST - Germany, manufacturing PMI for April (final). First release: 54.1
9:00 am BST - Euro area, manufacturing PMI for April (final). First release: 55.3
9:00 am BST - Italy, unemployment rate for March. Expected: 8.4%. Previous: 8.5%
2:45 pm BST - US, manufacturing PMI for April (final). First release: 59.7
3:00 pm BST - US, ISM manufacturing index for April. Expected: 57.6. Previous: 57.1
3:00 pm BST - US, construction spending for March. Expected: 0.8% MoM. Previous: 0.5% MoM
Wall Street earnings releases
-
Bigcommerce (BIGC.US) - after market close
-
Devon Energy (DVN.US) - after market close
-
Global Payments (GPN.US) - before market open
-
Clorox (CLX.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.
