Economic calendar: US GDP, jobless claims, durable goods and ECB minutes in market spotlight 📊

European index futures are trading slightly lower, although in the US, we see a cautious attempt at a rebound. 10-year US Treasury yields rise by nearly 4 basis points; 2-year US Treasury yields rise by approximately 2.5 basis points

Key macroeconomic events in focus:

• US GDP data, durable goods orders, and jobless claims at 1:30 PM GMT
• ECB meeting minutes

Economic Calendar

12:30 PM GMT  - Eurozone: European Central Bank (ECB) Meeting Minutes

1:30 PM GMT - US:

• Initial jobless claims: 221K expected vs. 219K previous
• Continuing jobless claims: 1.807M vs. 1.869M previous
• Preliminary quarterly GDP growth for Q4 2024: 2.3% forecast vs. 2.3% previous
• Preliminary PCE inflation for Q4 2024: 2.5% YoY vs. 2.5% previous
• Price index: 2.2% forecast vs. 2.2% previous
• Durable goods orders: Expected to rise by 2% vs. previous decline of -2.2% (0.3% MoM vs. 0.3% previous)

3 PM GMT - US: Pending home sales: -0.85% forecast vs. -5.5% previous

4 PM GMT - US: Kansas City Fed Manufacturing Index: -4 forecast vs. -5 previous

3:30 PM GMT - US: EIA natural gas storage change: -271B cubic feet vs. -196B previous

Central Bank Speeches

1:15 PM GMT - Fed Barkin
2:15 PM GMT - Fed Schmid
3 PM GMT - Fed Barr
4:45 PM GMT - Fed Bowman
6:15 PM GMT - Fed Hammack
8:15 PM GMT- Fed Harker