- European markets set to open higher
- Fed policy decision in the evening
- BoC interest rate decision
- Tesla (TSLA.US) Q4 earnings after market close
Current quotes on the futures markets point to higher opening of the European cash trading session today. Session in Asia was mixed today as blue chips indices from China struggled to find common direction while other indices from the region moved lower. Things are about to get more interesting later in the day thanks to top-tier events scheduled for today.
FOMC decision in the evening (7:00 pm GMT) is a key event of the day. While moves like rate hikes or balance sheet reduction are not expected until March, some guidance may be offered. Apart from the Fed, investors will also get to hear from the Bank of Canada (3:00 pm GMT0. Expectations are mixed with some financial institutions even projecting the first rate hike of a cycle this week.
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Create account Try a demo Download mobile app Download mobile appOil traders should keep on guard during the release of DOE report at 3:30 pm GMT after API data showed a much bigger than expected draw in oil inventories. Also earnings from Tesla and Intel or potential escalation of geopolitical tensions between the US and Russia could trigger bigger moves on the market.
1:30 pm GMT - US, goods trade balance for December. Expected: -$96.1 billion. Previous: -$98.0 billion
3:00 pm GMT - Bank of Canada decision
3:00 pm GMT - US, new home sales MoM for December. Expected: 0.76 M Previous: 0.744 M
3:30 pm GMT - DOE report on oil inventories.
- Oil inventories. Expected: -0.728 mb (API: -0.872 mb)
- Gasoline inventories. Expected: +2.548 mb (API: +2.4 mb)
- Distillate inventories. Expected: -1.26 mb (API: -2.2 mb)
7:00 pm GMT - FOMC meeting
Central bankers' speeches:
4:00 pm GMT - BoC Governor Macklem
7:30 pm GMT - Fed Chair Powell (post-meeting press conference)
Top Wall Street earnings releases:
Tesla (TSLA.US) - after market close
Intel (INTC.US) - after market close
AT&T (T.US) - before market open
Boeing (BA.US) - before market open
General Dynamics (GD.US) - before market open
Levi Strauss (LEVI.US) - after market close
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