- 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
Daily summary: Nasdaq 100 drops 3%, precious metals and Bitcoin are falling amid US dollar strength
NFP: A turning point for the dollar and the start of a stock market correction?
BREAKING: US Payrolls Skyrocket 🚀 🇺🇸 EURUSD Slumps 0.2% 📉
Economic Calendar: NFP Report from the US Labor Market Takes Center Stage