Due to a public holiday across most Asian markets and in the United Kingdom, today’s trading session is expected to be marked by low volatility. Trade negotiations and potential deals expected later this week will remain the central focus until the central bank season begins on Wednesday.
On the other hand, talks surrounding the most important deal with China from the markets’ perspective may slow down, as Donald Trump announced he does not plan to meet with Xi Jinping this week. This will put more weight on Chinese PMIs overnight, as the Chinese Comunist Party did not revise down its growth targets despite unfolding trade tensions. The macroeconomic calendar remains light, so PMI and ISM data for the U.S. services sector will take center stage.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appEconomic calendar for today:
07:30 AM BST, Switzerland - Inflation Data for April:
-
CPI: actual 0.0% MoM; forecast 0.2% MoM; previous 0.0% MoM;
-
CPI: actual 0.0% YoY; previous 0.3% YoY;
02:45 PM BST, United States - PMI Data for April:
-
S&P Global Services PMI: forecast 51.4; previous 54.4;
-
S&P Global Composite PMI: forecast 51.2; previous 53.5;
03:00 PM BST, United States - ISM Data for April:
-
ISM Non-Manufacturing PMI: forecast 50.2; previous 50.8;
-
ISM Non-Manufacturing New Orders: previous 50.4;
-
ISM Non-Manufacturing Prices: previous 60.9;
-
ISM Non-Manufacturing Business Activity: previous 55.9;
03:00 PM BST, United States - Employment Data for April:
-
CB Employment Trends Index: previous 109.03;
03:00 PM BST, United States - ISM Data for April:
-
ISM Non-Manufacturing Employment: previous 46.2;
04:00 PM BST, Germany - German Buba Mauderer Speaks
06:00 PM BST, United States - 3-Year Note Auction:
-
previous 3.784%;
12:01 AM BST, United Kingdom - Retail Sales Data:
-
BRC Retail Sales Monitor: previous 0.9% YoY;
02:30 AM BST, Australia - Building Approvals for March:
-
forecast 9.10% YoY; previous 9.10% YoY;
02:30 AM BST, Australia - Building Approvals for March:
-
forecast -1.7% MoM; previous -0.3% MoM;
02:30 AM BST, Australia - Private House Approvals for March:
-
previous 1.0%;
02:45 AM BST, China - PMI Data for April:
-
Caixin Services PMI: forecast 51.7; previous 51.9;
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.
