- European indices are gaining between 0.5% and 0.9% ahead of the market open on the Old Continent
- U.S. index futures are up around 1%, while the VIX is retreating by nearly 4%
- Today’s session features only secondary macroeconomic data, including Canada’s Ivey PMI and U.S. API crude oil inventory changes
Market sentiment is slightly more positive today, although the macro calendar is very light and unlikely to drive major moves across financial markets. Investors remain hopeful that the 50% tariffs on China, announced by President Trump, will not come into effect before April 9, and that the two countries will eventually reach an agreement. However, recent comments from China offer little optimism for such an outcome. Today, China’s Ministry of Commerce stated that it would never accept "blackmailing". In such a scenario, market fears could quickly return if no signs of progress emerge in Washington-Beijing negotiations.
Macro Data Schedule:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app-
10:00 AM GMT: France, Trade Balance: -5.65 billion euros vs. -6.54 billion euros expected
-
03:00 PM GMT: Canada, Ivey PMI: 53.2 vs. 55.3 expected
-
09:40 PM GMT: United States, API Crude Oil Inventories: previous reading +6.03 million barrels
Central Bank Speeches:
-
10:30 AM GMT: Luis de Guindos (European Central Bank)
-
7 PM GMT: Mary Daly (Federal Reserve)
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.
