-
Futures point to higher open in Europe
-
ZEW sentiment in Germany, CPI inflation in Canada and US property market data
-
Lagarde speech at 12:30 am GMT
Good Morning. Futures point to a higher opening in European stock markets, extending yesterday's rebound on Wall Street and a good session in Asia. On the other hand, commodity markets are extending declines, which can be seen as a negative proxy for the economy. Stock market sentiment was bolstered by further comments from the US Treasury, which was reported to be looking into providing unlimited deposit guarantees (through the FDIC) if the banking crisis worsens.
Let us now focus on the upcoming macro calendar. Today's session will primarily bring us ZEW sentiment data from Germany, the Canadian CPI inflation report and US secondary market home sales data. At 12:30 am GMT, President Lagarde will deliver her speech. Traders interested in the oil market should focus on the US API crude inventories report (08:40 pm GMT). Today marks the start of the FOMC's two-day meeting in Washington, which will culminate in an interest rate decision tomorrow at 6 PM GMT.
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appCalendar:
10:00 am GMT - Germany, ZEW sentiment index for March. Forecast: 16.5. Previously: 28,1
12:30 am GMT - Speech by President Lagarde (ECB).
12:30 am GMT - Canada, CPI inflation report for February.
-
Headline. Forecast: 5.4% y/y. Previously: 5.9% y/y
-
m/m. Forecast: 0.6%. Previously: 0,5%
-
Core. Forecast: 4.8% y/y. Previously: 5.0% y/y
-
m/m. Previously: 0,3%
02:00 pm GMT - US, secondary market home sales for February. Forecast: 4.2 million. Earlier: 4.0 million
08:40 pm GMT - US, changes in oil inventories according to API. Forecast: 0.5 mb. Previously: 1.15 mb.
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.
