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Futures point to a mixed opening of European session
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OPEC+ meeting in the afternoon
Futures markets point to a more or less flat opening of today's European cash session for major indices from the region. DAX is underperforming with futures currently pointing to an almost 100 points bearish price gap at the start of the session. Risk-on moods can be spotted on FX markets with safe haven currencies like CHF and JPY pulling back and commodity currencies advancing.
Big event during the day ahead is OPEC+ meeting. Representatives of oil producing countries will meet at 2:00 pm BST today to discuss increases to oil output. The base case scenario is that the cartel will stick with its plan of increasing production by 400k bpd each month. However, given current supply constraints, a bigger than 400k increase cannot be ruled out.
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Create account Try a demo Download mobile app Download mobile app9:30 am BST - Euro area, Sentix index for October. Expected: 19. Previous: 19.6
2:00 pm BST - OPEC+ meeting
3:00 pm BST - US, factory orders for August. Expected: 1% MoM. Previous: 0.4% MoM
Central bankers' speeches
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8:30 am BST - ECB de Guindos
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3:00 pm BST - Fed Rosengren
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