Market Update
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U.S. equity indexes are rising, erasing earlier losses following Nvidia’s strong earnings.
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The euro-dollar and European equity indexes edge higher ahead of the ECB minutes.
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Markets await the second U.S. GDP estimate and weekly jobless claims.
Economic Calendar
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11:30 AM GMT – Eurozone: ECB meeting minutes
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12:30 PM GMT – U.S.: PCE inflation expected at 2.5% y/y vs. 2.5% prior
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12:30 PM GMT – U.S.: GDP (second estimate) 3.1% y/y vs. 3.0% prior (Price Index: 2% vs. 2% prior)
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12:30 PM GMT – U.S.: Initial jobless claims expected 230k vs. 235k prior
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2 PM GMT – U.S.: Pending home sales expected -0.24% vs. 0.8% prior
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2:30 PM GMT – U.S.: EIA natural gas storage change +26bn cubic feet expected vs. +13bn prior
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3 PM GMT – U.S.: Kansas City Fed Composite Index expected 1 vs. 1 prior
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