- European indices set for flat opening
- Flash CPI data from Spain and Germany
- US Q3 GDP revision, speech from BoE Governor Bailey
European index futures point to a more or less flat opening of the cash session on the Old Continent today. This comes after a mixed trading during the Asia-Pacific session, when regional indices struggled for common direction. NZD is the best performing G10 currency after RBZN delivered a 'hawkish hold' while AUD is the worst performer among majors following a lower-than-expected CPI reading for October. USD is among the worst performers too, but has managed to regain some ground recently and is trading back below 1.10 mark.
A key points in today's economic calendar are flash CPI release for November from Spain and Germany. Expectations are mixed, with Spanish CPI seen accelerating and German CPI seen decelerating in November. Apart from CPI data, traders will also be offered US Q3 GDP report revision as well as DOE oil report and speeches from BoE members.
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Open account Try demo Download mobile app Download mobile app8:00 am GMT - Spain, flash CPI inflation for November. Expected: 3.7% YoY. Previous: 3.5% YoY
1:00 pm GMT - Germany, flash CPI inflation for November. Expected: 3.5% YoY. Previous: 3.8% YoY
1:30 pm GMT - US, GDP report for Q3 2023 (revision).
- GDP (annualized). First release: 4.9%
- GDP deflator. First release: 3.5% QoQ
- Core PCE. First release: 2.4% QoQ
- Personal spending (annualized). First release: 4.0%
3:30 pm GMT - DOE report on oil inventories.
- Oil inventories. Expected: -1.0 mb (API: +0.817 mb)
- Gasoline inventories. Expected: -0.4 mb (API: -0.898 mb)
- Distillate inventories. Expected: +0.2 mb (API: +2.806 mb)
Central bankers' speeches
- 3:05 pm GMT - BoE Governor Bailey
- 3:15 pm GMT - BoE Hauser
- 6:45 pm GMT - Fed Mester
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