-
European indices set to open lower
-
Services ISM, second day of Powell testimony
-
Services PMI data revisions
European futures markets point to a slightly lower opening of the cash session on the Old Continent today. Futures traded higher throughout the Asian session but started to erase gains shortly before the launch of the European session. Another round of talks between Russian and Ukrainian officials is expected to be held today and it is one of potential market-moving events to watch. Apart from that, traders will be offered some data from Europe and the United States. Majority of releases from Europe, however, will be revisions to services PMI data for February and therefore should not have much of an impact on prices. US services ISM release at 3:00 pm GMT may trigger some short-term volatility. Last but not least, Powell will appear in Congress today for the second day of semi-annual testimonies. Text of the speech will be the same as yesterday therefore the event is unlikely to have a major impact on the market.
8:15 am GMT - Spain, services PMI for February. Expected: 51.5. Previous: 46.6
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:45 am GMT - Italy, services PMI for February. Expected: 52.5. Previous: 48.5
8:50 am GMT - France, services PMI for February (final). First release: 57.9
8:55 am GMT - Germany, services PMI for February (final). First release: 56.6
9:00 am GMT - Euro area, services PMI for February (final). First release: 55.8
9:30 am GMT - UK, services PMI for February (final). First release: 60.8. Previous: 54.1
10:00 am GMT - Euro area, PPI inflation for January. Expected: 27.0% YoY. Previous: 26.2% YoY
1:30 pm GMT - US, jobless claims. Expected: 225k. Previous: 232k
2:45 pm GMT - US, services PMI for February (final). First release: 56.7
3:00 pm GMT - US, ISM non-manufacturing index for February. Expected: 61.0. Previous: 59.9
3:00 pm GMT - US, factory orders for January. Expected: 0.5% MoM. Previous: -0.4% MoM
Central bankers' speeches
-
3:00 pm GMT - Fed Chair Powell testifies in Congress
-
4:30 pm GMT - BoC Governor Macklem
Wall Street earnings
-
Best Buy (BBY.US) - before market open
-
Big Lots (BIG.US) - before market open
-
Broadcom (AVGO.US) - after market close
-
Costco Wholesale (COST.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.
