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European indices set for lower opening
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Second-tier data from the US in the afternoon
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Speeches from ECB, BoE and Fed members throughout the day
European index futures point to a lower opening of the cash session on the Old Continent, following a dismal trading in Asia-Pacific. DAX futures are currently trading around 80 points below yesterday's cash close. US dollar and Japanese yen are top performing G10 currencies while Antipodeans (AUD and NZD) lag the most. Cryptocurrencies are taking a hit along with other risky assets. Commodities are also trading slightly lower, pressured by strong USD.
Economic calendar for the European morning is empty, at least in terms of macroeconomic releases. However, traders will be offered speeches from ECB and BoE members, including ECB President Lagarde at 8:15 am BST. Some second-tier US data will be released in the afternoon, as well as a weekly DOE report on oil inventories. In the case of the afternoon trading, attention will be focused on central bank speakers as well but from the Federal Reserve, including Fed Chair Powell at 3:15 pm BST. However, Powell will only give welcoming remarks at a community banking conference therefore any significant comments on monetary policy are unlikely.
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Create account Try a demo Download mobile app Download mobile app1:30 pm BST - US, trade balance for August. Expected: -$88.9 billion. Previous: -$90.2 billion
1:30 pm BST - US, wholesale inventories for August. Expected: 0.4% MoM. Previous: 0.6% MoM
3:00 pm BST - US, pending home sales for August. Expected: -0.9% MoM. Previous: -1% MoM
3:30 pm BST - DOE report on US oil inventories.
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Oil inventories. Expected: +0.3 mb (API: +4.15 mb)
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Gasoline inventories. Expected: +0.4 mb (API: -1.05 mb)
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Distillate inventories. Expected: -1.3 mb (API: +0.44 mb)
Central bankers' speeches
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8:15 am BST - ECB President Lagarde
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9:00 am BST - ECB Kazimir
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9:15 am BST - BoE Cunliffe
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9:30 am BST - ECB Holzmann
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2:35 pm BST - Fed Bostic
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3:10 pm BST - Fed Bullard
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3:15 pm BST - Fed Chair Powell
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4:00 pm BST - ECB Elderson
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4:00 pm BST - Fed Bowman
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4:30 pm BST - Fed Barkin
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7:00 pm BST - Fed Evans
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7:00 pm BST - BoE Dingra
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