8:39 AM · 5 January 2021

Economic calendar: Focus on ISM and OPEC+

  • European markets seen opening more or less flat

  • OPEC+ talks to resume today

  • ISM manufacturing expected at 56.6 in December

Stock markets indices from Europe are expected to open flat or slightly below yesterday's closing prices. Decisions on new lockdown in the United Kingdom as well as discussion on tougher restrictions in Germany and Japan has undermined moods and pushed Wall Street indices lower yesterday.

OPEC+ did not reach a consensus on production limits for February and talks are set to resume today. US manufacturing ISM is a top tier reading scheduled for today. Last but not least, traders should look out for hints on new lockdowns as those could be market moving news.

8:55 am GMT - Germany, unemployment rate for December. Expected: 6.1%. Previous: 6.1%

2:30 pm GMT - OPEC+ meeting

3:00 pm GMT - US, manufacturing ISM for December. Expected: 56.6. Previous: 57.5

9:40 pm GMT - API report on oil inventories

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