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European indices seen opening higher
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Fed decision day!
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OECD to publish new projections
Global stock rally slowed yesterday but major bullish gaps are expected at the launch of today's European session. Traders should keep in mind that it is a Fed decision day so the market may be in wait-and-see mode until evening.
Readings and events scheduled for today
10:00 am BST - OECD publishes outlook on the global economy.
1:30 pm BST - US, CPI inflation for May.
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Headline. Expected: 0.2% YoY. Previous: 0.3% YoY
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Core. Expected: 1.3% YoY. Previous: 1.4% YoY
3:30 pm BST - DOE report.
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Change in oil inventories. Expected: -1.5 mb
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Change in gasoline inventories. Expected: -0.1 mb
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Change in distillate inventories. Expected: +2.9 mb
7:00 pm BST - FOMC decision. Rate decision from the Federal Reserve is unquestionably the key event of the day. Rates are likely to be left at current levels and messages are likely to be cautious. However, some questions on balance sheet and yield curve control are expected to be asked during Powell's press conference (7:30 pm BST).
Central bankers speeches scheduled for today
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8:00 am BST - ECB's Muller
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8:30 am BST - ECB's Kazimir
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1:00 pm BST - ECB's Schnabel
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1:00 pm BST - ECB's Knot
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2:30 pm BST - ECB's de Guindos
Daily summary: Wall Street and gold rebound 📈OIL gains 3.5%
BREAKING: US Existing Home Sales In Line With Expectations 📊Eurozone Consumer Confidence Slightly Higher
BREAKING: Canadian core retail sales well below expectations🚩USDCAD reacts
Economic calendar: US gas inventory data, Canadian retail sales