- Futures point to higher opening of European stock markets
- Consumer data from key European economies (Germany, France) and retail sales (UK)
- Speeches by central bankers from the European Central Bank
- Change in oil inventories according to the EIA in the spotlight for commodity investors
Today's session will not bring significant macro readings; secondary data will be presented, with a virtually empty macro calendar from the United States. Volatility may be recorded in the oil market, from where data on the change in reserves according to the US Energy Information Administration (EIA) will arrive at 3:30 PM BST and markets expect further drop in inventories both oil and little lower for gasoline. In the foreign exchange market today we see a significant strengthening of the Australian dollar, which was supported by higher-than-forecast CPI inflation data, which unexpectedly rose to 4% increasing chances of an interest rate hike, at the upcoming meeting. The market had expected a smaller increase to 3.8% p.a., up from 3.6% previously.
Macro Calendar
7 AM BST, Germany, Gfk Consumer Sentiment Index. -21,9 Expectations: -19.5 Previously: -20,9
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app7:45 AM BST, France, Household sentiment. Expectations: 89 Previously: 90
9 AM BST, Switzerland, ZEW expectations. Previous: 18,2
11 AM BST, UK, retail sales (CBI). Expectations: 5 Previously:8
3 PM BST, US, new home sales. Expectations: 633 thousand Previously: 634 thousand.
3:30 PM BST, USA, change in oil inventories according to EIA. Expectations: -2.82 million barrels Previously: -2.54 million barrels
- Change in gasoline inventories. Expectations: -1.5 million barrels vs. -2.28 million barrels previously
- Change in distillate inventories. Expectations: -1.05 million barrels vs -1.72 million barrels previously
9:30 PM BST, USA Fed Bank Stress test results
Central bankers' speeches
-
10:30 AM BST- ECB Rehnn
-
11 AM BST - ECB Panetta
-
11:40 AM BST - ECB Lane
-
12:45 PM BST - ECB Kazaks
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.
