Economic calendar: Investors await Trump’s speech

• Trump to deliver speech on trade

• UK labour data for September expected to mimic reading for August

• German ZEW index forecasted to jump higher

9:30 am GMT - UK, labour market report for September. The UK GDP report for Q3 and production figures for September were released yesterday and turned out to be weaker than expected. Nevertheless, pound managed to move higher on the day. Today’s labour market report will be another chance for GBP to move. Wage growth and unemployment rate is forecasted to remain unchanged.

10:00 am GMT - Germany, ZEW economic sentiment for November. The German survey gauges keep painting a gloomy picture of Europe’s biggest economy. ZEW index remain fairly stable last month but it does not change the fact that it sits at depressed levels. However, major improvement is expected in November as the index is expected to jump from -22.8 pts to -13.2 pts.

5:00 pm GMT - Trump’s speech. The US President is scheduled to deliver a speech concerning country’s trade policy today. Investors hope that Trump will provide some insight into the state of trade talks after US and Chinese officials gave contradicting comments concerning tariff rollback last week. 

Central bankers’ speeches

• 8:00 am GMT - ECB’s Coeure

• 8:30 am GMT - ECB’s Mersch

• 10:30 am GMT - Fed’s Clarida

• 5:55 am GMT - Fed’s Harker

Major companies reporting earnings today

• Tyson Foods (TSN.US)

• CBS (CBS.US)

• Advance Auto Parts (AAP.US)

• Deutsche Post (DPW.DE)