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European markets expected to open lower
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Flash PMI releases from Europe and the United States
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Joe Biden to deliver a speech in the evening
European markets are expected to open lower following mixed sessions on Wall Street yesterday and downbeat trading in Asia today. Flash releases of January's PMI indices are top releases scheduled for today. Traders should stay on guard as French release (8:15 am GMT) and German release (8:30 am GMT) tend to trigger additional volatility on the markets. Apart from that, US President, Joe Biden, will deliver a speech at 7:45 pm GMT on response to the economic crisis.
8:15 am GMT - France, PMI indices for January (flash).
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Manufacturing. Expected: 50.5. Previous: 51.1
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Services. Expected: 48.5. Previous: 49.1
8:30 am GMT - Germany, PMI indices for January (flash).
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Manufacturing. Expected: 57.5. Previous: 58.3
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Services. Expected: 45.3. Previous: 47.0
9:00 am GMT - Poland, retail sales for December. Expected: -2.3% YoY. Previous: -5.3% YoY
9:30 am GMT - UK, PMI indices for January (flash).
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Manufacturing. Expected: 53. Previous: 57.5
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Services. Expected: 45.3. Previous: 49.4
1:30 pm GMT - Canada, retail sales for November. Expected: 0.1% MoM. Previous: 0.4% MoM
2:45 pm GMT - US, PMI indices for January (flash).
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Manufacturing. Expected: 56.5. Previous: 57.1
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Services. Expected: 53.6. Previous: 54.8
4:00 pm GMT - DOE report on oil inventories.
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Oil inventories. Expected: -0.3mb
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Distillate inventories. Expected: +0.8mb
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Gasoline inventories. Expected: +3.0mb
7:45 pm GMT - Biden speech
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Schlumberger (SLB.US) - before market open
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