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CB consumer confidence expected to improve in February
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European futures point to green open
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Home Depot to report earnings as the last Dow Jones member
Stocks in Asia continued downward move today but some green shots were spotted, for example in South Korea. However, moods are expected to be better during European trading hours as DAX futures point to an around 100 pts bullish gap at session launch. Wall Street futures trade higher as well. The only major data point in today’s calendar is CB consumer confidence. Apart from that, traders should focus on coronavirus-related news.
9:00 am GMT - Poland, unemployment rate for January. Expected: 5.5%. Previous: 5.2%
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Create account Try a demo Download mobile app Download mobile app1:00 pm GMT - Hungarian National Bank rate decision. Expected: 0.90%. Previous: 0.90%
3:00 pm GMT - Richmond Fed index for February. Expected: 10 pts. Previous: 20 pts.
3:00 pm GMT - CB consumer confidence index for February. Release of Conference Board data on consumer confidence is the key point in today’s calendar.The data will relate to February therefore any impact of coronavirus on consumers should be visible... if there is any impact of course. Market consensus expected the index to jump from 131.6 pts to 132.1 pts.
9:40 pm GMT - API report on oil inventories. Expected: +2.4 mb. Previous: +4.16 mb
Central bankers’ speeches
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9:30 am GMT - Riksbank’s Jansson
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5:30 pm GMT - BoC’s Lane
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8:00 pm GMT - Fed’s Clarida
Wall Street earnings releases
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Salesforce.com (CRM.US)
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Home Depot (HD.US)
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Macy’s (M.US)
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Caesars Entertainment (CZR.US)
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American Tower (AMT.US)
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