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Stocks in Europe set to open higher
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University of Michigan data
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Quadruple witching day in the US
Futures markets point to a higher opening of the European session today. However, a point to note is that equities in Europe traded sideways this week therefore investors should not draw too far reaching conclusions based on the opening alone as much can change later on.
Economic calendar today is quite empty with University of Michigan data at 3:00 pm BST being the only noteworthy reading (Euro area CPI reading will be a revision).
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Create account Try a demo Download mobile app Download mobile appA point to note is that today is quadruple witching day in the United States. Term relates to a situation when four different types of derivatives expire on the same day - index futures, index options, stock futures and stock options. On such days, equities tend to experience elevated volatility, especially into the session close.
9:00 am BST - Poland, jobs report for August.
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Employment. Expected: 1.1% YoY. Previous: 1.8% YoY
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Wage growth. Expected: 8.7% YoY. Previous: 8.7% YoY
10:00 am BST - Euro area, CPI inflation for August (final). First release: 3.0% YoY
3:00 pm BST - US, University of Michigan consumer sentiment for September. Expected: 72.0. Previous: 70.3
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