- European indices opened higher today
- US CPI report for February in the spotlight
- GBP drops after weak UK jobs data for January
European stock market indices launched today's cash trading higher, with German DAX gaining 0.3%, French CAC40 adding 0.4% and UK FTSE 100 jumping 0.7%. This comes after a rather upbeat trading during the Asia-Pacific session earlier today, which saw majority of regional indices gain.
GBP dropped following release of UK jobs data for January, which showed weaker-than-expected growth in employment as well as a bigger-than-expected slowdown in headline wage growth. EUR was muted following release of final German CPI data for February, which confirmed preliminary reading.
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Open account Try demo Download mobile app Download mobile appThere are no more reports from Europe scheduled for today. However, a key release of the day - US CPI report for February - is still ahead of us. Data will be released at 12:30 pm GMT and is expected to show headline price growth staying unchanged at 3.1% YoY and core price growth slowing from 3.9 to 3.7% YoY.
12:30 pm GMT - US, CPI inflation for February.
- Headline. Expected: 3.1% YoY. Previous: 3.1% YoY
- Core. Expected: 3.7% YoY. Previous: 3.9% YoY
9:40 pm GMT - API report on US oil inventories
Central bankers' speeches
- 8:00 am GMT - ECB Holzmann
- 11:00 am GMT - BoE Mann
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