- European indices are opening slightly higher
- Inflation data from Canada
- Consumer Confidence Index and US existing home sales data
Tuesday begins calmly in the markets, with a slight rebound after yesterday's declines on the DAX and Nasdaq. CFD contracts for the German DAX index are trading 0.44% higher, and the price has again surpassed the 16,000-point level. In the early part of today, a key piece of information was the support for the Chinese yuan by the government through a reverse repo operation amounting to 37 trillion yuan.
Later in the day, markets are awaiting inflation data from Canada, where a decrease in the CPI Headline to 3.4% year on year is expected compared to previous readings at 4.4%.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appMeanwhile, in the US, investors will receive data on existing home sales and the CB Consumer Confidence Index. Real estate sector data will show the strength of demand in the US economy. The latest data showed a solid 4.1% month-on-month increase to 683k in April. Currently, data for May is expected to be slightly lower at around 670k but still indicating growing demand.
Detailed economic calendar for the day:
2:30 PM - US, Durable Goods Orders for May:
- Ex-Transport: Expected: -0.1% MoM, Previous: -0.3% MoM
- Headline: Expected: -1.1% MoM, Previous: 1.1% MoM
2:30 PM - Canada, Inflation Data for May:
- Core CPI: Expected: 3.9% YoY, Previous: 4.1% YoY
- CPI: Expected: 3.4% YoY, Previous: 4.4% YoY
4:00 PM - US, Existing Home Sales for May:
- Expected: 670k, Previous: 683k
4:00 PM - US, CB Consumer Confidence Index for June:
- Expected: 103.6, Previous: 102.3
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.