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European indices set to open lower
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Another round of Russia-Ukraine talks
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US PPI inflation for February, API report on oil inventories
Futures markets point to a lower opening of the European cash session today. Sentiment has been negatively impacted by a pick-up in yields that pushed US tech shares lower yesterday. Stocks from China also experienced heavy selling after the country reported another jump in new Covid cases. DAX futures trade around 200 points below yesterday's cash close.
There are no top tier macro releases scheduled for today but some readings are definitely worth paying attention. US PPI inflation for February will be announced at 12:30 pm GMT. Note that this release will come a day ahead of the US CPI data release and FOMC meeting! Apart from that, investors will also be served German ZEW index and API report on oil inventories. ZEW is expected to plunge, reflecting uncertainty resulting from war in Ukraine. Last but not least, another round of Russia-Ukraine talks is expected to be held today.
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Poland, CPI inflation for February. Expected: 8.1% YoY. Previous: 9.2% YoY
10:00 am GMT - Euro area, industrial production for January. Expected: -0.5% YoY. Previous: 1.6% YoY
10:00 am GMT - Germany, ZEW economic sentiment index for March. Expected: 10.5. Previous: 54.3
12:15 pm GMT - Canada, housing starts for February. Expected: 234k. Pervious: 230.8k
12:30 pm GMT - US, New York Empire index for March. Expected: 7.2. Previous: 3.1
1:30 pm GMT - US, PPI inflation for February.
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Headline. Expected: 10.0% YoY. Previous: 9.7% YoY
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Core. Expected: 8.7% YoY. Previous: 8.3% YoY
8:40 pm GMT - API report on US oil inventories. Expected: -0.9 mb
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