- European indices set to open higher
- Meeting between Biden and congressional leaders postponed
- University of Michigan data expected to show slight deterioration
Futures markets point to a higher opening of the European cash session today. This comes after a downbeat trading on Wall Street yesterday and a rather downbeat Asian session earlier today. Risk-off moods can be spotted on energy commodities and industrial metals. Meanwhile, precious metals are also trading a touch lower. EUR and CHF are the best performing major currencies while NZD and JPY lag the most.
Economic calendar for the final trading day of the week is light. Traders will be offered final CPI data from Spain for April as well as preliminary University of Michigan data for May. A meeting between US President Biden and congressional leaders on debt limit, which was scheduled for today, was postponed until next week as details are still being worked out at staff-level.
8:00 am BST - Spain, CPI inflation for April (final). First release: 4.1% YoY
3:00 pm BST - US, University of Michigan consumer sentiment for May. Expected: 63.0. Previous: 63.5
Central bankers' speeches
- 8:00 am BST - Fed Bowman
- 9:00 am BST - ECB De Guindos
- 12:15 pm BST - BoE Pill
- 7:20 pm BST - Fed Daly
Daily summary: Trump remarks helps Wall Street 📈Precious metals decline
Fed's Musalem remarks on the US economy and tariffs🗽
The AI Fever: Bubble or Will It Keep Rising?
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher
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.
