- European indices set for higher opening
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US jobless claims and EIA report on gas inventories
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Earnings from PayPal and Pepsi
European index futures point to a higher opening of the cash session on the Old Continent today. This comes after a downbeat Wall Street session yesterday and mixed Asian session. Antipodean currencies - AUD and NZD - are G10 top performers while US dollar lag the most. Weakening of USD provides a lift for precious metals with gold trading 0.3% higher at press time. Major cryptocurrencies are trading lower with Bitcoin trading around the $22,600 mark.
Economic calendar for the day ahead is light. When it comes to Europe, the key data - German preliminary inflation figures for January - has already been released. It showed the annual inflation rate rose to 8.7% last month from 8.6% in December, below market projections of 8.9% rise as the one-off government subsidy from December falls out of the calculation. Later on traders will also be offered rate decision from Riksbank, which is expected to raise rates by 50 bp.
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Create account Try a demo Download mobile app Download mobile appWhen it comes to the North American session, the only noteworthy readings are US jobless claims and EIA report on gas inventories. However, EUR and GBP may see some volatility throughout the day coming from bankers speeches. Last but not the least, a number of US companies are set to report earnings today with Paypal and Pepsi being the highlights.
8:30 am GMT - Riksbank rate decision
9:45 am GMT - UK, Monetary Policy Report Hearings
1:30 pm GMT - US, weekly jobless claims. Expected: 190k. Previous: 183k
3:30 pm GMT - EIA natural gas storage. Expected: -195 bcf. Previous: -151 bcf
Central bankers' speeches
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09:45 am GMT - BoE Bailey
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06:00 pm GMT - ECB De Guindos
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06:00 pm GMT - Bundesbank Nagel
Top US earnings reports
• Aurora Canabis (ACB.US) - after market close
• Hilton (HLT.US) - before market open
• Lyft (LYFT.US) - after market close
• PayPal (PYPL.US) - after market close
• Pepsi (PEP.US) - before market open
• Philips Morris International (PM.US) - before market openThe 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.
