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06:27 · 19 August 2020

Economic calendar: FOMC minutes and OPEC+

  • FOMC minutes to be release in the evening

  • OPEC+ JMMC meets in the afternoon

  • Nvidia (NVDA.US) among today's earnings reporters

European futures point to a slightly lower opening of the cash session on the Old Continent today. There are some important events scheduled for today with OPEC+ JMMC meeting and FOMC minutes release being the top one. Oil producers will discuss compliance with output cut agreement. When it comes to FOMC minutes, investors will look for hints on yield curve control.

9:00 am BST - Poland, labour market report for July.

  • Employment change. Expected: -3.1% YoY. Previous: -3.3% YoY

  • Wage growth. Expected: 2.9% YoY. Previous: 3.6% YoY

10:00 am BST - Euro area, CPI inflation for July (final). First release: 0.4% MoM

1:30 pm BST - Canada, CPI inflation for July. Expected: 0.4% MoM. Previous: 0.8% MoM

3:00 pm BST - OPEC+ Joint Ministerial Monitoring Committee meeting.

3:30 pm BST - DOE report on oil inventories.

  • Oil. Expected: -2.5 mb

  • Gasoline. Expected: -1.5 mb

  • Distillate. Expected: -1 mb

7:00 pm BST - FOMC minutes.

Noteworthy US earnings

  • L Brands (LB.US) - after market close

  • Lowe's (LOW.US) - before market open

  • Nvidia (NVDA.US) - after market close

  • Target (TGT.US) - before market open

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BREAKING: US RETAIL SALES BELOW EXPECTATIONS

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