-
Governments’ actions boost market sentiment
-
US retail sales data due today
US futures surged overnight after the worst Wall Street cash session in decades. Moods were boosted by actions of governments aimed at mitigating impact of the coronavirus outbreak. Upbeat moods may extend into European trading after French Finance Minister said that the country will deliver a €45 billion stimulus package. Elsewhere, there are growing expectations that the United States will unleash massive fiscal stimulus. On the data front, US retail sales print is the key point in the calendar but it may be overlooked as it does not capture the impact of the virus.
European & US session
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app9:30 am GMT - UK, labour market report for January.
10:00 am GMT - Germany, ZEW index for March. Expected: -26.4 pts. Previous: 8.7 pts
12:30 pm GMT - Canada, manufacturing sales for January. Expected: -0.5% MoM. Previous: -0.7% MoM
12:30 pm GMT - US, retail sales for February. The US retail sales report is usually at the top of the agenda for the day. However, the coronavirus outbreak has changed the landscape and data that does not capture its impact has little to no value for investors. Today’s report relates to February therefore any major impact is unlikely to be seen. Headline gauge is seen rising 0.2% MoM while sales excluding autos should increase 0.2% MoM as well.
1:15 pm GMT - US, industrial production for February. Expected: -0.1% MoM. Previous: 0.1% MoM
8:40 pm GMT - API report on oil inventories. Expected: +2.9 mb. Previous: +6.4 mb
Asian session
11:50 pm GMT - Japan, trade data for February.
Central bankers’ speeches
10:00 am GMT - ECB’s Rehn
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.
