- European markets are expected to open mixed
- Veterans Day in the US – the US stocks markets will be open; bond trading is closed. We should expect thinner liquidity conditions as banks are closed.
- The UK GDP release was below market expectations
Futures markets point to a mixed opening for major European indices. It is worth noting that yesterday’s session was the worst in a month on Wall Street. On the other hand, stocks in China and Japan increased considerably. The most important release of this session is already behind us. UK Q3 preliminary GDP came at 1.3% q/q vs 1.5% q/q expected. Moreover, the year-over-year print was at 6.6% which was below expectations of 6.8%. Of course, UK GDP expanded by a decent pace in Q3, but some restrictions may have contributed to subdued activity in the recent quarter. The pound remains soft at the beginning of the European session.
We should expect thinner liquidity conditions, especially during the US session as banks are closed due to Veterans Day. Wall Street trading will be normal, but bond trading is closed.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe calendar:
10:00 ECB forecasts
12:00 OPEC monthly report
Bankers’ speeches:
16:00 ECB Shnabel
17:30 SNB Maechler
GBPUSD is testing 1.3400. A little disappointment of UK GDP is not supporting a possible rebound from important demand zone. Source: xStation5
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.