Economic calendar: CBRT decision and US hard data

Equity markets pull back as coronavirus cases rise
CBRT expected to deliver a 25 bp rate cut
Hard data from the United States

Coronavirus is the major theme in the markets once again as recent rise in US cases made investors wonder whether lockdowns are coming back or not. Equity market lost some ground on those concerns and in case we see the US outbreak accelerate in the coming days, things could turn ugly. Looking at events scheduled for today, investors will be served CBRT rate decision and ECB minutes. Hard data from the United States released at 1:30 pm BST may have some impact on the markets but investors should keep in mind that the GDP report will be a revision.

12:00 pm BST - CBRT rate decision. Expected: 8.00%. Previous: 8.25%

12:30 pm BST - ECB minutes.

1:30 pm BST - US, GDP report for Q1 (final). Previous release: -5% QoQ

1:30 pm BST - US, durable goods orders for May.

Headline. Expected: 10.6% MoM. Previous: -17.7% MoM
Ex-transportation. Expected: 2.1% MoM. Previous: -7.7% MoM

1:30 pm BST - US, initial jobless claims. Expected: 1300k. Previous: 1508k

3:30 pm BST - EIA natural gas storage. Expected: 106 bcf. Previous: 85 bcf

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Economic calendar: CBRT decision and US hard data

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