Economic calendar: EBC minutes, US jobless claims and second GDP estimate in focus

Market Update

• U.S. equity indexes are rising, erasing earlier losses following Nvidia’s strong earnings.

• The euro-dollar and European equity indexes edge higher ahead of the ECB minutes.

• Markets await the second U.S. GDP estimate and weekly jobless claims.

Economic Calendar

• 11:30 AM GMT  – Eurozone: ECB meeting minutes

• 12:30 PM GMT – U.S.: PCE inflation expected at 2.5% y/y vs. 2.5% prior

• 12:30 PM GMT – U.S.: GDP (second estimate) 3.1% y/y vs. 3.0% prior (Price Index: 2% vs. 2% prior)

• 12:30 PM GMT  – U.S.: Initial jobless claims expected 230k vs. 235k prior

• 2 PM GMT  – U.S.: Pending home sales expected -0.24% vs. 0.8% prior

• 2:30 PM GMT – U.S.: EIA natural gas storage change +26bn cubic feet expected vs. +13bn prior

• 3 PM GMT  – U.S.: Kansas City Fed Composite Index expected 1 vs. 1 prior