-
European markets seen opening lower
-
OPEC+ talks fell apart
-
German ZEW and US services ISM
Futures markets point to a lower opening of today's cash session. Oil is trading at fresh post-pandemic highs after OPEC+ talks fell apart and no date for new ones was set. Elsewhere, NZD rallies against G10 peers after rate hike odds spiked. US traders come back from a long weekend today so market conditions in the afternoon should return to normal.
There are some noteworthy releases scheduled for today. Industrial production from Spain, retail sales from Eurozone and German ZEW will be released in the morning. While neither of these prints triggered major market moves in recent months they give a hint on the condition of European economy. Services ISM at 3:00 pm BST is key reading of the US session and is expected to show slight deterioration.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app8:00 am BST - Spain, industrial production for May. Expected: 22.1% YoY. Previous: 48.2% YoY
10:00 am BST - Euro area, retail sales for May. Expected: 4.2% MoM. Previous: -3.1% MoM
10:00 am BST - Germany, ZEW index for July. Expected: 75.5. Previous: 79.8
2:45 pm BST - US, services PMI for June (final). First release: 64.8
3:00 pm BST - US, services ISM index for June. Expected: 63.5. Previous: 64.0
Central bankers' speeches
-
9:10 am BST - ECB de Guindos
-
12:00 pm BST - ECB Enria
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.
