- Futures point to higher opening of today's cash session
- Investor attention will turn to ADP data and BoC rates decision
European futures point to a higher opening for today's cash session in Europe. Stock indexes in the Asia-Pacific region traded higher during Wednesday's session. Korea's KOSPI gained nearly 0.19% intraday, while Japan's Nikkei rallied 2.01%. The Hang Seng is doing relatively well at the moment, trading up 1.31% intraday.
On Wednesday's macro calendar, we can find, among other things: eurozone retail sales data, Governor Bailey's BoE speech, the ADP report from the USA, the BoC's interest rate decision, and EIA data on US crude oil inventories.
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10:00 am GMT - Eurozone, retail sales for November. Forecast: -1% YoY. Earlier: -2.9% YoY
11:00 am GMT - Bailey's speech from the BoE
01:15 pm GMT - US ADP report for November
02:30 pm GMT - US foreign trade balance. Forecast: -$64.2 billion. Previously: -$61.5 billion
03:00 pm GMT - Speech by Nagel of the Bundesbank/EBC
03:00 pm GMT - BoC decision on interest rates
03:30 pm GMT - US change in crude oil inventories according to the EIA
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