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Stocks in Europe set for lower opening
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CB conference confidence for September
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Speeches from ECB and Fed members
Futures markets point to a slightly lower opening of today's European session. The economic calendar for the day ahead is rather light with Conference Board consumer confidence reading for September being the top release of the day. However, investors will also hear from a lot of ECB and Fed members today, including ECB chief Lagarde and Fed Chair Powell.
Jerome Powell will testify before Senate Banking Committee on pandemic response. According to the text of testimony released yesterday, Powell will acknowledge that inflation overshoot expectations but will also stress that it is expected to abate over time.
3:00 pm BST - US, Conference Board consumer confidence for September. Expected: 114.4. Previous: 113.8
3:00 pm BST - US, Richmond Fed index for September. Expected: 9. Previous: 9
9:40 pm BST - API report on oil inventories. Expected: -2.3 mb. Previous: -6.11 mb
Central bankers' speeches
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11:30 am BST - Bundesbank President Weidmann
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1:00 pm BST - ECB President Lagarde
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1:30 pm BST - ECB de Guindos
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2:00 pm BST - Fed Evans
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2:45 pm BST - ECB Panetta
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3:00 pm BST - Fed Chair Powell
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4:00 pm BST - ECB Schnabel
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6:40 pm BST - Fed Bowman
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7:00 pm BST - ECB Panetta
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8:00 pm BST - Fed Bostic
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨