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Mixed moods ahead of European open
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Brexit decision day
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US retail sales for September
European futures point to a more or less flat opening of the European session. Another record number of Covid-19 cases was reported yesterday and moods are mixed ahead of the weekend. Boris Johnson is expected to give an answer to the European Union whether he will continue Brexit talks or not. This is a key thing to look out for today but it is expected that he will let negotiations continue.. Apart from that, US retail sales data as well as Wall Street earnings will catch an eye in the afternoon.
10:00 am BST - Euro area, CPI inflation for September (final). First release: -0.3% YoY
1:30 pm BST - US, retail sales for September. Expected: 0.5% MoM. Previous: 0.7% MoM
2:15 pm BST - US, industrial production for September. Expected: 0.5% MoM. Previous: 0.4% MoM
3:00 pm BST - US, University of Michigan consumer sentiment for October. Expected: 80.5. Previous: 80.5
Noteworthy US earnings
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State Street (STT.US) - before market open
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Bank of New York Mellon (BK.US) - before market open
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Schlumberger (SLB.US) - before market open
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VF Corporation (VFC.US) - before market open
BREAKING: Mixed PMI from US
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?
Economic Calendar - Will Weak Asian PMIs Point to Weakness in Europe and the US?
URGENT: Hawkish FOMC minutes fail to halt market gains