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

9 July 2026, 6:43 AM

Morning wrap🚩 Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)

8 July 2026, 7:20 PM

FOMC Minutes: Hawkish tone confirmed. EURUSD rebounds nonetheless

8 July 2026, 4:51 PM

US500 loses 1% ahead of minutes

8 July 2026, 7:28 AM

Economic Calendar - FOMC Minutes and Hawkish RBNZ in the Spotlight

Economic reports

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