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European markets seen opening higher
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US and Canadian traders off for holiday
European stock markets are expected to launch today's cash session higher following solid gains made by the Asian indices. The day is looking to be a calm one as traders from the United States and Canada are observing national holidays today. US indices, precious metals and WTI will trade until 6:00 pm GMT. US stocks and agricultural commodities will not trade today. Apart from that, there are no top-tier reports or key earnings scheduled for release today.
Eurogroup will hold a video meeting today to discuss macroeconomic developments as well as the international role of the euro. However, the meeting should not have a major impact on the markets. A point to note is that Draghi was sworn in as new Italian Prime Minister over the weekend and some divisions in his government have already surfaced. Salvini is opposed to plans of extending coronavirus restrictions until March.
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Poland, CPI inflation for January. Expected: 2.4% YoY. Previous: 2.4% YoY
10:00 am GMT - Euro zone, trade balance for December. Expected: €25.3 billion. Previous: €25.8 billion
10:00 am GMT - Euro zone, industrial production for December. Expected: 0.1% YoY. Previous: -0.6% YoY
1:30 pm GMT - Canada, manufacturing sales for December. Expected: 0.6% MoM. Previous: -0.6% MoM
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