Economic calendar: FOMC in the spotlight

07:48 29 July 2020
• FOMC interest rate decision
• EIA weekly report is expected to show 1.0 million barrels build-up
• PayPal Inc (PYPL.US), Boeing Co. (BA.US), General Electric Co.(GE.US), Spotify (SPOT.US) among earnings reporters
 
A lot is on the agenda today. FOMC Interest Rate Decision and FED Chair Powell press conference  are undoubtedly the most important and may have major impact on the markets. Investors are expecting a dovish statement following yesterday announcement that FED will extend its lending programs until the end of the year. Also US Pending Home Sales figures and EIA Crude Oil Inventories report will be released today. EIA data is expected to show a 1 million barrels increase.
 
09:00 BST – Credit Suisse Economic Expectations. Previous: 48.7
09:30 BST - UK June mortgage approvals. Expected: 35k Previous: 9k
15:00 BST – US Pending Home Sales. Expected: 15.6% Previous: 44.3%
15:30 BST - EIA Crude Oil inventories report. Expected:  1.0 mln barrels. Previous: 4.9mln barrels
19:00 BST - FOMC Interest Rate Decision. Expected: 0.25% Previous: 0.25%
19:30 BST - FOMC Press Conference

Noteworthy earnings releases:

• PayPal Inc (PYPL.US)- after market close.
• Boeing Co. (BA.US)- before  market open 
• General Electric Co.(GE.US) - before market open
• Spotify (SPOT.US) - before market open

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.

Back

Join over 1.6 Million investors from around the world