Economic calendar: ECB decision, US CPI data

European stock markets set to to open flat
ECB to announce policy decision at 12:45 pm GMT
US CPI inflation expected to approach 8% in February

Futures markets point to a more or less flat opening of today's cash session on the Old Continent. European indices booked massive gains yesterday with German and French indices gaining over 7% after Zelensky suggested that he is willing to compromise if Russia compromises as well. In recent days an overreaction to positive news could be spotted showing that markets are really looking forward to the end of war.

Meeting between Foreign Ministers of Ukraine and Russia in Turkey is one of the big events today. This is the first such high-level meeting between Ukraine and Russia since the start of war and is hosted on fully neutral ground so investors will surely look for news of the outcome. Apart from that, there are 2 major macro events scheduled for today. European Central Bank will announce policy decision in the early afternoon. It is hard to guess what the Bank will do as war in Ukraine has made all previous forecasts useless. The second big event is the release of US CPI data for February, with market expecting acceleration in headline price growth to 7.9% YoY.

12:45 pm GMT - ECB rate decision

1:30 pm GMT - US, CPI inflation for February.

Headline. Expected: 7.9% YoY. Previous: 7.5% YoY
Core. Expected: 6.4% YoY. Previous: 6.0% YoY

1:30 pm GMT - US, jobless claims. Expected: 215k. PRevious: 215k

3:30 pm GMT - US, natural gas storage. Expected: -115 bcf

Central bankers' speeches

10:15 pm GMT - RBA Governor Lowe

14 October 2025, 11:07 AM

BREAKING: US NFIB small business optimism weakens🗽US500 loses 0.8%

14 October 2025, 10:01 AM

BREAKING: German ZEW Data Weaker Than Expected

14 October 2025, 9:15 AM

What Can We Expect from U.S. Bank Earnings This Quarter?

14 October 2025, 7:00 AM

BREAKING: Higher Unemployment Rate in the UK

economic reports

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Economic calendar: ECB decision, US CPI data

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