Economic calendar: Middle East tensions in the spotlight

Donald Trump to deliver a statement on Iranian missile attacks
ADP employment report to be released in the early afternoon

Economic calendar on Wednesday is light but the day is likely to be interesting. Markets will be focused on the Middle East tensions following Iranian missile attacks on the US targets in Iraq. The US President, Donald Trump, said he will deliver a statement on the issue today. Such a statement is expected before or around the US stock market open. Apart from that, traders should follow news flow in an attempt to assess whether the conflict will escalte further or not.

Macro readings to watch today

8:30 am GMT - Sweden, retail sales for November. Expected: 0.2% MoM. Previous: 0.2% MoM

1:15 pm GMT - US, ADP employment change for December. Expected: 160k. Previous: 67k

3:30 pm GMT - DOE report on oil stockpiles. Expected: -4.1 mb. Previous: -11.66 mb

Central bankers’ speeches

8:00 am GMT - ECB’s Knot
10:00 am GMT - BoE’s Haldane
1:00 pm GMT - ECB Vice President Guindos
3:00 pm GMT - Fed’s Brainard

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Economic reports

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Economic calendar: Middle East tensions in the spotlight

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