Economic calendar: US data and German Ifo index

European markets set to open higher
Suez Canal remains blocked by stuck ship
US personal spending and income for February

Futures markets point to a higher opening of the European cash session today. European equities are set to catch a breath and benefit from upbeat moods seen during the Asian session. Oil is trading around 2% higher today as the Suez Canal continues to be blocked by a stuck massive container ship. Today's economic calendar lacks top-tier releases that could trigger significant moves on the markets. German Ifo index may trigger some short-term volatility in the morning.

8:00 am GMT - Spain, Q4 GDP report (revision). First release: 0.4% QoQ

9:00 am GMT - Germany, IFO index for March. Expected: 93.2. Previous: 92.4

12:30 pm GMT - US data pack for February.

Personal spending. Expected: -0.7% MoM. Previous: +2.4% MoM
Personal income. Expected: -7.3% MoM. Previous: +10% MoM
PCE inflation. Expected: 1.5% YoY. Previous: 1.5% YoY

2:00 pm GMT - US, University of Michigan consumer sentiment for March (final). First release: 83

28 October 2025, 14:02

BREAKING: US CB Consumer Confidence report stronger than expected 🗽

28 October 2025, 13:09

BREAKING: US housing market data stronger than expected 🗽US100 gains

28 October 2025, 09:19

Economic calendar: US Conference Board and housing market data in focus on Wall Street

28 October 2025, 07:03

BREAKING: German GfK consumer sentiments below expectations

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Economic calendar: US data and German Ifo index

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