CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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. 78% 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: Canadian retail sales, Lagarde speech

08:49 21 January 2022
  • European stock markets set to open lower

  • Canadian retail sales data, Polish jobs report

  • Lagarde to deliver speech on global economic outlook

European stock markets are set to open lower with futures on major indices from the Old Continent pointing to over-1% bearish price gaps at the launch of cash trading today. Moods are sour after another strong sell-off on Wall Street yesterday, that was accompanied by strong declines on the cryptocurrency market. Moreover, even oil moved lower on the back of risk-off moods even though it managed to hold firm in the previous days.

Week is slowly coming to a close and sentiment may remain a dominant factor in Friday's trading. Economic calendar is light with just some second-tier data scheduled for release, like Canadian retail sales of Polish jobs report. ECB President Lagarde will deliver a speech during a plenary session on the global economic outlook at online World Economic Forum. Fed members are barred from making speeches as the pre-meeting media blackout period has already begun (next Fed meeting - Wednesday, January 26, 2022).

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9:00 am GMT - Poland, industrial production for December. Expected: 13.0% YoY. Previous: 15.2% YoY

9:00 am GMT - Poland, labour market report for December.

  • Employment growth. Expected: 0.7% YoY. Previous: 0.7% YoY

  • Wage growth. Expected: 9% YoY. Previous: 9.8% YoY

1:30 pm GMT - Canada, retail sales for November.

  • Headline. Expected: 1.2% MoM. Previous: 1.6% MoM

  • Ex-auto. Expected: 1.2% MoM. Previous: 1.3% MoM

Central bankers' speeches

  • 12:30 pm GMT - ECB President Lagarde

Wall Street earnings reports

  • IHS Market (INFO.US) - before market open

  • Schlumberger (SLB.US) - before market open

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