-
European stock markets set to open higher
-
Bank of England to release financial stability report
-
US factory orders data due at 3:00 pm BST
Futures markets point to a higher opening of the European cash session. Moods improved during the Asian trading session as reports surfaced saying that China is readying an infrastructure fund worth 500 billion yuan (around $74.7 billion). DAX futures are currently trading around 80 points above yesterday's cash close. Liquidity is expected to improve today compared to yesterday as US traders will return from holiday.
Calendar for the day ahead includes some noteworthy releases but most of them are revisions to June services PMI readings. US factory orders data at 3:00 pm BST may trigger some short-term volatility on USD. GBP traders should keep on guard at 10:30 am BST as the Bank of England will release a financial stability report. BoE Governor Bailey will comment on the financial stability half an hour after report release (11:00 pm BST).
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app7:45 am BST - France, industrial production for May. Expected: 0.2% MoM. Previous: -0.1% MoM
8:15 am BST - Spain, services PMI for June. Expected: 53.5. Previous: 56.5
8:45 am BST - Italy, services PMI for June. Expected: 51.5. Previous: 53.7
8:50 am BST - France, services PMI for June (final). First release: 54.4
8:55 am BST - Germany, services PMI for June (final). First release: 52.4
9:00 am BST - Euro area, services PMI for June (final). First release: 52.8
9:30 am BST - UK. services PMI for June (final). First release: 53.4
1:30 pm BST - Canada, building permits for May. Expected: -1.4% MoM. Previous: -0.6% MoM
3:00 pm BST - US, factory orders for May. Expected: 0.5% MoM. Previous: 0.3% MoM
Central bankers' speeches
-
11:00 am BST - BoE Governor Bailey
-
5:30 pm BST - BoE Tenreyro
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.
