9:35 am · 25 May 2023

Macro calendar : US GDP and Jobless Claims in the spotlight❗

  • Futures indices indicate higher market openings in the EU.
  • GDP data and jobless claims in focus.

Today's indices are opening slightly higher. However, this can be attributed to a significant correction in yesterday's markets after the lack of agreement on the US debt limit. The debt limit issue was also discussed in the Fed's minutes. The Fed saw a lot of uncertainty regarding further rate hikes during the May meeting and indicated that the potential risk of US bankruptcy could significantly tighten credit conditions, making further rate hikes less necessary.

Today's macro calendar is relatively light, with investors mainly focusing on US Q1 GDP data and jobless claims. A slight increase in jobless claims to 245k for the latest week is expected, compared to 242k previously.

 

Macro Calendar:

01:30 PM BST, USA - GDP data

  • Annualized data for Q1: Expected 1.1% versus 2.6% previously
  • GDP deflator: Expected 4.0% Q/Q versus 3.9% previously

01:30 PM BST, USA - jobless claims

  • Expected 245k versus previous 242k

 

Bankers' Speeches:

10:00 AM BST, ECB - de Guindos

11:30 AM BST, Germany - Bundesbank President, Nagel

02:50 PM BST, USA - FOMC member Barkin

04:30 OM BST, USA - FOMC member Collins

16 October 2025, 9:08 am

BREAKING: UK manufacturing data slightly stronger than expected; GDP lags slightly

16 October 2025, 8:57 am

Morning wrap (16.10.2025)

15 October 2025, 5:11 pm

Fed's Miran signals two more rate cuts this year and disinflationary process🗽

15 October 2025, 3:32 pm

BREAKING: NY Empire better than expected; EURUSD muted 📌

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