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European markets set to open lower
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Fed Chair Powell to speak in the evening
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US retail sales data for July to be released at 1:30 pm BST
Futures markets point to a lower opening of the European cash session today, following a poor performance of equities during the Asian session. NZD is sinking after New Zealand reported the first case of coronavirus since February and a 3-day nationwide lockdown was announced.
There are no key economic reports scheduled for release during the European morning hours. Release of the GDP data from the euro area will be a revision and therefore should not have a major impact on the market. However, things get more interesting in the afternoon with release of the US retail sales data for July (1:30 pm BST) and speech from Fed Chair Powell (6:30 pm BST)
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Create account Try a demo Download mobile app Download mobile app10:00 am BST - Euro area, GDP report for Q2 2021 (second release). First release:2.0% QoQ
1:15 pm BST - Canada, housing starts for July. Expected: 275k. Previous: 282.1k
1:30 pm BST - US, retail sales for July.
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Headline. Expected: -0.2% MoM. Previous: 0.6% MoM
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Ex-autos. Expected: 0.2% MoM. Previous: 1.3% MoM
2:15 pm BST - US, industrial production for July. Expected: 0.3% MoM. Previous: 0.4% MoM
9:40 pm BST - API report on oil inventories. Expected: -1.2 mb. Previous: 0.82 mb
Central bankers' speeches
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6:30 pm BST - Fed Chair Powell
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8:45 pm BST - Fed Kashkari
US earnings reports
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Home Depot (HD.US) - before market open
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Walmart (WMT.US) - before market open
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