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Risk-off eases on the global markets
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ECB may discuss changes to collateral policy today
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AT&T (T.US) and Baker Hughes (BKR.US) among earnings reporters
Markets remain jittery after recent oil market rout. Selling pressures eased during Asian trading hours allowing some equity indices from the region to close higher. DAX is seen opening slightly above yesterday's closing price. There are no major data releases scheduled for today. DOE report is expected to show another big build in inventories. Apart from that, it is said that ECB officials are expected to hold a call today in the afternoon or evening to discuss whether to accept junk bonds as collateral from lenders.
9:00 am BST - Poland, retail sales for March. Expected: 2.9% MoM. Previous: 0.5% MoM
12:00 pm BST - CBRT rate decision. Expected: 9.25%. Previous: 9.75%
1:30 pm BST - Canada, CPI inflation for March. Expected: 1.2% YoY. Previous: 2.2% YoY
3:30 pm BST - DOE report on oil inventories.
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Oil inventories. Expected: +16.1 mb. Previous: +19.25 mb
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Gasoline inventories. Expected: +3.65 mb. Previous: +4.91 mb
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Distillate inventories. Expected: +2.9 mb. Previous: +6.28 mb
Noteworthy earnings reports
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AT&T (T.US) - before market open
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Delta Air Lines (DAL.US) - before market open
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Baker Hughes (BKR.US) - before market open
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Kimberly-Clark (KMB.US) - before market open
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Kinder Morgan (KMI.US) - after market open
Economic calendar: PMI data as the key reports of the day 📌
Morning wrap (06.01.2025)
BREAKING: EURUSD ticks up after unexpected drop in ISM Manufacturing
Economic calendar: US ISM manufacturing report 📈