Economic calendar: CPI data from Canada and Wall Street bank results

Futures point to lower opening of European cash session
Attention turns to CPI data from Canada
Wall Street's largest banks will report their quarterly results today

Futures point to a lower opening of Tuesday's cash session in Europe. This comes after a relatively weak session in APAC markets, triggered by rising yields on debt securities. Yields on US 10-year notes returned above the 4% barrier.

Highlights of the day include the German CPI report (final), UK unemployment/wage data, German ZEW, US NY Fed Manufacturing and Canadian CPI, speeches by Bailey of the BoE and Waller of the Fed. The calendar will be topped off with quarterly reports from Goldman Sachs, PNC Financial Services, Morgan Stanley.

Key readings of the day:

10:00 am GMT - Germany, ZEW index for January. Forecast: 12. earlier: 12.8
01:30 pm GMT - Canada, CPI data for December. Forecast: 3.3% y/y. Earlier: 3.1% y/y
02:30 pm GMT - USA, NY Empire State index. Forecast: -5. Earlier: -14.5
03:00 pm GMT - BoE Bailey's speech
04:00 pm GMT - FED Waller's speech

Q4 2023 earnings season:

Interactive Brokers (IBKR.US) - after the session
Goldman Sachs (GS.US) - before the session
PNC Financial Services (PNC.US) - before the session
Morgan Stanley (MS.US) - before the session

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