CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: BoE and ECB rate decisions, US megatech earnings

07:44 2 February 2023
  • European indices set for higher opening

  • Rate decisions from Bank of England and European Central Bank

  • Earnings reports from US megatech stocks - Apple, Amazon and Alphabet

Futures markets point to a higher opening of the European cash session today. Markets are in a risk-on mode following yesterday's FOMC decision. While the US central bank hiked in-line with expectations by 25 basis points, Fed Chair noted that the disinflationary process has begun. Investors will get to hear from two more major central banks today - Bank of England (12:00 pm GMT) and ECB (1:15 pm GMT). Both banks are expected to deliver 50 basis point rate hikes today and investors are eager to see whether slowdown in tightening pace in North America (BoC and Fed) have impacted the attitudes of central bankers in Europe. Apart from BoE and ECB, traders should also keep in mind that Q4 earnings releases from US mega-tech companies (Apple, Amazon and Alphabet) may boost volatility on US indices after Wall Street cash session close.

12:00 pm GMT - Bank of England rate decision

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1:15 pm GMT - European Central Bank rate decision

1:30 pm GMT - Canada, building permits for December. Expected: -4.5% MoM. Previous: +14.1% MoM

1:30 pm GMT - US, jobless claims. Expected: 200k. Previous: 186k

1:30 pm GMT - US, data pack for Q4 2022.

  • Unit Labor Costs. Expected: 1.5% QoQ. Previous: 2.4% QoQ

  • Non-farm productivity. Expected: 2.5% QoQ. Previous: 0.8% QoQ

3:00 pm GMT - US, factory orders for December. Expected: +2.3% MoM. Previous: -1.8% MoM

3:30 pm GMT - EIA natural gas storage. Expected: -142 bcf. Previous: -91 bcf

Central bankers' speeches

  • 8:30 am GMT - SNB Maechler

  • 12:30 pm GMT - BoE Governor Bailey (post-meeting press conference)

  • 1:45 pm GMT - ECB President Lagarde (post-meeting press conference)

  • 2:15 pm GMT - BoE Governor Bailey

  • 3:15 pm GMT - ECB President Lagarde

  • 5:30 pm GMT - SNB Governor Jordan

  • 6:30 pm GMT - ECB President Lagarde

Top Wall Street earnings releases

  • Bristol-Myers Squibb (BMY.US) - before market open

  • Conocophillips (COP.US) - before market open

  • Eli Lily (LLY.US) - before market open

  • Harley-Davidson (HOG.US) - before market open

  • Honeywell International (HON.US) - before market open

  • Merck & Co (MRK.US) - before market open

  • Alphabet (GOOGL.US) - after market close

  • Amazon (AMZN.US) - after market close

  • Apple (AAPL.US) - after market close

  • Ford Motor (F.US) - after market close

  • MicroStrategy (MSTR.US) - after market close

  • Qualcomm (QCOM.US) - after market close

  • Starbucks (SBUX.US) - after market close

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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