CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 79% 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. 79% 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: Data from Europe and Canada

08:32 2 March 2021
  • European markets seen opening lower

  • Euro area CPI expected to accelerate to 1% YoY

  • Canadian GDP growth expected at 7.2% QoQ annualized in Q4

European futures markets point to a lower opening of today's cash session following a downbeat trading in Asia. Economic calendar for the day is light. Flash CPI release from the euro area is a key event in the morning and may result in elevated volatility on the EUR market. CAD will get a chance to move on Q4 GDP release from Canada (1:30 pm GMT) while oil traders will focus on oil inventory estimates from API.

Oil may also react more strongly to incoming news as OPEC+ meeting is scheduled for the later part of the week and there are some disagreements between Saudi Arabia and Russia. 

10:00 am GMT - Euro area, CPI inflation for February (flash). Expected: 1% YoY. Previous: 0.9% YoY

1:30 pm GMT - Canada, GDP growth for Q4 2020 (annualized). Expected: 7.2% QoQ. Previous: 40.5% QoQ

9:40 pm GMT - API report on oil inventories. Expected: -1.85 mb

Central bankers' speeches

  • 1:40 pm GMT - ECB Panetta

  • 6:00 pm GMT - Fed Brainard

  • 7:00 pm GMT - Fed Daly

US earnings reports

  • Kohl's (KSS.US) - before market open

  • Ross Stores (ROST.US) - after market close

  • Target (TGT.US) - before market open

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