CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: Powell's speech, CPI data from Canada

07:33 16 April 2024
  • European indices set to open lower
  • Markets await Middle East developments
  • Canadian CPI data, German ZEW scheduled for today
  • Speeches from Fed Chair Powell and BoC Governor Macklem
  • Earnings from Bank of America and Morgan Stanley

European index futures point to a lower opening of the cash session on the Old Continent today. This comes after a downbeat trading on Wall Street yesterday and in Asia-Pacific region earlier today. Markets are still awaiting further Middle East developments, especially Israeli response to Iranian attack over the weekend. Response looks certain and, according to some sources, imminent, but its scale and type will be crucial as it will determine whether all-out war will follow.

Geopolitics are a key risk to watch right now, but economic releases may also offer some market volatiltiy. Traders will be offered German ZEW reading for April as well as Canadian CPI inflation print for March today. Apart from that, there is a number of speech scheduled for today, including a moderated discussion with Fed Chair Powell. Last but not least, earnings season is gathering pace and companies like Bank of America and Morgan Stanley will report results today.

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9:00 am BST - Italy, CPI inflation for March (final). Expected: 1.3% YoY

10:00 am BST - Germany, ZEW Economic Sentiment index for April. Expected: 36.0. Previous: 31.7

1:00 pm BST - Poland, core CPI for March. Expected: 4.6% YoY. Previous: 5.4% YoY

1:15 pm BST - Canada, housing starts for March. Expected: 242k. Previous: 253.5k

1:30 pm BST - Canada, CPI inflation for March. Expected: 2.9% YoY. Previous: 2.8% YoY

1:30 pm BST - US, housing market data for March.

  • Housing starts. Expected: 1485k. Previous: 1521k
  • Building permits. Expected: 1515k. Previous: 1524k

2:15 pm BST - US, industrial production for March. Expected: 0.4% MoM. Previous: 0.1% MoM

  • Capacity utilization. Expected: 78.4%. Previous: 78.3%

9:40 pm BST - API report on US oil inventories. Expected: +0.4 mb. Previous: +3.03 mb

Central bankers' speeches

  • 9:00 am BST - ECB Rehn
  • 10:00 am BST - BoE Lombardelli
  • 2:00 pm BST - Fed Jefferson
  • 3:30 pm BST - ECB Nagel
  • 5:30 pm BST - ECB Villeroy & Fed Williams
  • 6:00 pm BST - BoE Governor Bailey
  • 6:00 pm BST - Fed Barkin
  • 6:15 pm BST - BoC Governor Macklem
  • 6:15 pm BST - Fed Chair Powell
  • 9:00 pm BST - ECB Nagel

Top Wall Street earnings to watch

  • Bank of America (BAC.US) - before market open
  • Johnson & Johnson (JNJ.US) - before market open
  • Morgan Stanley (MS.US) - before market open
  • Bank of New York Mellon (BK.US) - before market open
  • PNC Financial (PNC.US) - before market open
  • UnitedHealth Group (UNH.US) - before market open
  • Interactive Brokers (IBKR.US) - after market close
  • United Airlines (UAL.US) - after market close

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.

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