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European markets seen opening slightly lower
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Second day of Powell hearings in Congress
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ADP employment report for November
Futures markets point to a slightly lower opening of today's European session. Economic calendar looks light today but there are some events scheduled that will draw attention. Jerome Powell will head for the second day of congressional hearings. Text of the speech will be the same as yesterday but the Fed Chair may be asked different questions by lawmakers. However, the more important event will be the release of the ADP employment report that will serve as a final hint ahead of the NFP report release on Friday, 1:30 pm GMT).
10:00 am GMT - Euro area, PPI inflation for October. Expected: -2.4% YoY. Previous: -2.4% YoY
1:15 pm GMT - US, ADP employment report for November. Expected: 410k. Previous: 365k
3:00 pm GMT - Fed Chair Powell testifies in Congress
3:30 pm GMT - DOE report on oil inventories
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Oil inventories. Expected: -2.2 mb
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Distillate inventories. Expected: +0.3 mb
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Gasoline inventories. Expected: +2.6 mb
Central bankers' speeches
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2:00 pm GMT - Fed Quarles
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2:00 pm GMT - ECB Chief Economist Lane
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2:00 pm GMT - Fed Williams
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3:00 pm GMT - Fed Harker
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6:00 pm GMT - Fed Williams
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices
Economic calendar: US jobless claims and Fed members speeches in focus
Economic calendar: Oil inventories and US trade balance in focus 🔎