Summary:
- US GDP for Q2 seems to be the main event today
- Second-tier readings before the US data comes out
7:45 am BST - French PPI for June
8:30 am BST - Swedish retail sales for June: The consensus points to a 1% MoM increase compared to a 2% MoM decline in the prior month.
11:30 am BST - Russian central bank rate decision: A 25 bps rate cut to 7.25% is expected.
1:30 pm BST - US GDP for Q2: The US economy is expected to have grown 1.8% QoQ in annualized term over the three months through June, that’s a significant slowdown from 3.1% seen in the first three months of the year. On the other hand, a substantial rebound is anticipated to have taken placed on the private consumption front (up to 4% from 0.9%). At the same time, GDP deflator - the broadest indicator of inflation - is forecast to have quickened to 1.9% from 0.6% previously. Although the data will shed more light on the US economic outlook, it will not have any impact on the Fed's decision next week.
Economic calendar: Smaller US labour market reports set to fight for attention amid geopolitics (02.04.2026)
Daily Summary - Markets Await Trump's Address
BREAKING: ISM shows that expansion continues but inflationary pressures surge
BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!
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.
