Economic calendar: ADP report and BoC decision in focus

Futures point to higher opening of today's cash session
Investor attention will turn to ADP data and BoC rates decision

European futures point to a higher opening for today's cash session in Europe. Stock indexes in the Asia-Pacific region traded higher during Wednesday's session. Korea's KOSPI gained nearly 0.19% intraday, while Japan's Nikkei rallied 2.01%. The Hang Seng is doing relatively well at the moment, trading up 1.31% intraday.

On Wednesday's macro calendar, we can find, among other things: eurozone retail sales data, Governor Bailey's BoE speech, the ADP report from the USA, the BoC's interest rate decision, and EIA data on US crude oil inventories.

Today's most important readings:

10:00 am GMT - Eurozone, retail sales for November. Forecast: -1% YoY. Earlier: -2.9% YoY

11:00 am GMT - Bailey's speech from the BoE

01:15 pm GMT - US ADP report for November

02:30 pm GMT - US foreign trade balance. Forecast: -$64.2 billion. Previously: -$61.5 billion

03:00 pm GMT - Speech by Nagel of the Bundesbank/EBC

03:00 pm GMT - BoC decision on interest rates

03:30 pm GMT - US change in crude oil inventories according to the EIA

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Economic reports

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