-
European markets expected to open flat
-
FOMC to announce monetary policy decision at 7:00 pm BST
-
Facebook, Boeing and Pfizer among today's earnings reporters
Futures markets point to a flat opening of the European cash session today, following a rather calm Asian session. While indices from Asia-Pacific moved lower today, declines were not as steep as they were in previous days.
Key event of the day, and the week as well, is FOMC monetary policy decision scheduled for 7:00 pm BST. Rates as well as size of QE programmes are expected to remain unchanged. However, investors will look for hints on FOMC outlook amid pick-up in new Covid cases. Moreover, Powell is likely to be asked about any potential taper discussion during a press conference at 7:30 pm BST.
When it comes to earnings, the day ahead will be a busy one. Investors will be offered results from numerous US companies, including Facebook, Boeing, Pfizer and McDonald's.
1:30 pm BST - US, wholesale inventories for June. Expected: 1.1% MoM. Previous: 1.3% MoM
1:30 pm BST - Canada, CPI inflation for June. Expected: 3.2% YoY. Previous: 3.6% YoY
3:30 pm BST - DOE report on oil inventories.
-
Oil inventories. Expected: -3.3 mb. Previous: 2.11 mb
-
Gasoline inventories. Expected: -0.4 mb. Previous: -0.12 mb
-
Distillate inventories. Expected: 0.2 mb. Previous: -1.35 mb
7:00 pm BST - FOMC decision
US earnings releases
-
Automatic Data Processing (ADP.US) - before market open
-
Bristol-Myers Squibb (BMY.US) - before market open
-
Boeing (BA.US) - before market open
-
Facebook (FB.US) - after market close
-
Ford Motor (F.US) - after market close
-
Humana (HUM.US) - before market open
-
McDonald's (MCD.US) - before market open
-
PayPal Holdings (PYPL.US) - after market close
-
Pfizer (PFE.US) - before market open
-
Qualcomm (QCOM.US) - after market close
-
Shopify (SHOP.US) - before market open
-
Spotify Technology (SPOT.US) - before market open
-
Tilray (TLRY.US) - before market open
Economic Calendar - Global series of industrial PMI indicators and tech giants' results
📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉