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Oil price plunge key theme of the day
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German industrial production jumps in January
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Wall Street to open 1:30 pm GMT this week
Key European release for Monday - German industrial production data for January - was released at 7:00 am GMT. Data showed an increase of 3% MoM against expected 1.7% MoM. However, it relates to pre-virus period therefore it should not have much of an impact on sentiment. To tell the truth, markets are unlikely to focus on any sort of that today as oil price plunge is likely to be a dominating theme. Early trading points to massive price gaps at the opening of the European session with DAX set to open as much as 7.5% lower.
Last but not least, there was a time change in North America over the week and the US stock market will open at 1:30 pm GMT instead of regular 2:30 pm GMT.
Releases scheduled for today
12:15 pm GMT - Canada, housing starts for February. Expected: 206.5k. Previous: 213.2k
12:30 pm GMT - Canada, building permits for January. Expected: -3% MoM. Previous: +7.3% MoM
Central bankers’ speeches
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9:00 am GMT - ECB’s Rehn
Daily Summary: CPI down, Markets Up
US OPEN: Macroeconomic data sends markets to new heights
BREAKING: Final US UoM consumer sentiment drops🗽Inflation expectations higher
BREAKING: US PMI above expectations! 📈🔥EURUSD declines!
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