-
European markets seen opening flat
-
Services ISM scheduled for release at 3:00 pm BST
-
API report expected to show a drop in oil inventories
After a strong sell-off on Wall Street yesterday and in Asia today, major stock indices from Europe are set to open little changed today. Oil gave back part of post-OPEC gains but continues to trade at elevated levels. US dollar is the best performing major currency ahead of the European session opening and puts pressure on precious metals.
Economic calendar for the day ahead is dominated by revisions to September's services PMI data from Europe and the United States. Those rarely trigger big moves but there are also some readings scheduled for release that may boost volatility on the markets. Services ISM at 3:00 pm BST is one of those and is expected to drop slightly. Apart from that, oil traders will be offered API oil inventories estimates in the evening.
8:15 am BST - Spain, services PMI for September. Expected: 58.1. Previous: 60.1
8:45 am BST - Italy, services PMI for September. Expected: 56.5. Previous: 58.0
8:50 am BST - France, services PMI for September (final). First release: 56.0
8:55 am BST - Germany, services PMI for September (final). First release: 56.0
9:00 am BST - Euro area, services PMI for September (final). First release: 56.3
9:30 am BST - UK, services PMI for September (final). First release: 54.6
10:00 am BST - Euro area, PPI inflation for August. Expected: 13.6% YoY. Previous: 12.1% YoY
1:30 pm BST - US, trade balance for August. Expected: -$69.5 billion. Previous: -$70.1 billion
2:45 pm BST - US, services PMI for September (final). First release: 54.4
3:00 pm BST - US, services ISM for September. Expected: 61.3. Previous: 61.7
9:40 pm BST - API report on oil inventories. Expected: -1.2 mb. Previous: +4.13 mb
Central bankers' speeches
-
4:00 pm BST - ECB President Lagarde
-
6:15 pm BST - Fed Quarles
Economic Calendar: Fed decision under Kevin Warsh leadership takes center stage
Daily Summary - Oil Nearly Erases War Gains as Wall Street Pulls Back Ahead of Fed Decision (16.06.2026)
What does the Bank of Japan's rate hike mean for the yen?
AUDUSD falls after RBA decision despite maintaining a hawkish stance ⚔️
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.
