Economic calendar: Forget about data... it's Black Monday!

Oil price plunge key theme of the day
German industrial production jumps in January
Wall Street to open 1:30 pm GMT this week

Key European release for Monday - German industrial production data for January - was released at 7:00 am GMT. Data showed an increase of 3% MoM against expected 1.7% MoM. However, it relates to pre-virus period therefore it should not have much of an impact on sentiment. To tell the truth, markets are unlikely to focus on any sort of that today as oil price plunge is likely to be a dominating theme. Early trading points to massive price gaps at the opening of the European session with DAX set to open as much as 7.5% lower.

Last but not least, there was a time change in North America over the week and the US stock market will open at 1:30 pm GMT instead of regular 2:30 pm GMT.

Releases scheduled for today

12:15 pm GMT - Canada, housing starts for February. Expected: 206.5k. Previous: 213.2k

12:30 pm GMT - Canada, building permits for January. Expected: -3% MoM. Previous: +7.3% MoM

Central bankers’ speeches

9:00 am GMT - ECB’s Rehn

8 January 2026, 6:57 PM

Daily summary: exceptionally low US trade deficit; dollar remains strong 📌

8 January 2026, 5:10 PM

NY Fed Survey: higher inflation expectations, but also higher equity price expectations 📄🔎

8 January 2026, 1:31 PM

BREAKING: EURUSD reacts to US jobless claims & labor costs data 🗽

8 January 2026, 10:20 AM

BREAKING: PPI in Eurozone higher than expected, unemployment falls

Economic reports

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Economic calendar: Forget about data... it's Black Monday!

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