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European indices expected to open slightly lower
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Bank of Canada rate decision, second day of Powell's testimony
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ADP report expected to show 200k jobs gain for February
European index futures point to a slightly lower opening of today's cash session on the Old Continent. This comes after a downbeat trading on Wall Street yesterday and in Asia today.
Economic calendar for today includes some top-tier releases and events.Fed Chair Powell will head to Capitol Hill for the second day of semi-annual testimonies (3:00 pm GMT). Text of the speech will remain unchanged compared to yesterday but questions from lawmakers may differ. USDCAD traders should keep on guard as simultaneously to Powell's appearance in Congress, Bank of Canada will announce rate decision. BoC is expected to leave rate unchanged after hinting at a pause at previous meetings. However, even before Powell and BoC decision traders will be offered a final hint ahead of the US NFP report scheduled for Friday - ADP employment report for February. Last but not least, EUR may see some moves throughout the day, thanks to speeches from ECB members.
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Italy, retail sales for January. Expected: 0.2% MoM. Previous: -0.2% MoM
10:00 am GMT - Euro area, GDP report for Q4 2022 (revision). First release: 0.1% QoQ
1:15 pm GMT - US, ADP employment report for February. Expected: 200k. Previous: 106k
1:30 pm GMT - US, trade balance for January. Expected: -$69.0 billion. Previous: -$67.4 billion
1:30 pm GMT - Canada, trade balance for January. Expected: -C$0.1 billion. Previous: -C$0.16 billion
3:00 pm GMT - Fed Chair Powell testifies before House Financial Services Committee
3:00 pm GMT - Bank of Canada rate decision
3:30 pm GMT - DOE report on oil inventories.
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Oil inventories. Expected: -0.4 mb (API: -3.84 mb)
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Gasoline inventories. Expected: -1.8 mb (API: +1.84 mb)
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Distillate inventories. Expected: -1.3 mb (API: +1.93 mb)
Central bankers' speeches
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9:30 am GMT - BoE Dhingra
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10:00 am GMT - ECB President Lagarde
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10:00 am GMT - ECB Wunsch
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10:00 am GMT - ECB Panetta
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1:00 pm GMT - Fed Barkin
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