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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
Economic calendar: Canadian labor market and Michigan Index (06.02.2026)
🔵 ECB Press Conference (LIVE)
BREAKING: ECB maintains rates in line with expectations!💶
BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉