- European indices set for flat or slightly higher opening
- ISM manufacturing index due at 3:00 pm BST
- Final manufacturing PMIs for June from Europe and the United States
European index futures point to a flat or slightly higher opening of the cash session on the Old Continent today. This comes after an upbeat trading in Asia earlier today that saw most major indices from the region gain over 1%. Investors seem to be getting more risk averse as the European session opening looms with equity futures and EUR sliding. EURUSD dropped back below 1.09 mark this morning but the move was not accompanied by any specific news.
Economic calendar for the day ahead is packed with releases of survey data. However, majority of those will be revisions to June's manufacturing PMIs and therefore are unlikely to trigger big market moves. Nevertheless, US manufacturing ISM scheduled for release at 3:00 pm BST may trigger some moves. Speaking about the United States, trading on Wall Street will be shortened today and there will be no NYSE and Nasdaq trading sessions tomorrow as a part of a long Independence Day weekend.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:00 am BST - Poland, manufacturing PMI for June. Expected: 46.7. Previous: 47.0
8:15 am BST - Spain, manufacturing PMI for June. Expected: 47.7. Previous: 48.4
8:45 am BST - Italy, manufacturing PMI for June. Expected: 45.4. Previous: 45.9
8:50 am BST - France, manufacturing PMI for June (final). First release: 45.5
8:55 am BST - Germany, manufacturing PMI for June (final). First release: 41.0
9:00 am BST - Euro area, manufacturing PMI for June (final). First release: 43.6
9:30 am BST - UK, manufacturing PMI for June (final). First release: 46.2
2:45 pm BST - US, manufacturing PMI for June (final). First release: 46.3
3:00 am BST - US, ISM manufacturing for June. Expected: 47.1. Previous: 46.9
3:00 am BST - US, construction spending for May. Expected: 0.4% MoM. Previous: 1.2% MoM
Central bankers' speeches
-
1:00 pm BST - ECB Nagel
Trading hours changes due to US holiday
-
Trading until 2:30 pm BST - VIX
-
Trading until 6:15 pm BST - US30, US100, US500, US2000
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.