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Equity markets pull back as coronavirus cases rise
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CBRT expected to deliver a 25 bp rate cut
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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%
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Create account Try a demo Download mobile app Download mobile app12:30 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.
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Headline. Expected: 10.6% MoM. Previous: -17.7% MoM
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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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