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Markets remain in risk-off moods
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WTI tries to break back above $50 ahead of DOE data
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Several ECB members scheduled to speak
Markets remain in a risk-off mode after Wall Street experienced another steep sell-off yesterday. DAX futures point to an around 90 pts bearish price gap at the open of cash session. USD and CHF are top performing currencies. WTI is trying to break back above $50 with DOE data at 3:30 pm GMT being in the spotlight.
7:45 am GMT - France, consumer confidence for February. Expected: 103 pts. Previous: 104 pts
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Create account Try a demo Download mobile app Download mobile app3:00 pm GMT - US, new home sales for January. Expected: 710k. Previous: 694k
3:30 pm GMT - DOE report on oil inventories. Yesterday’s API report pointed to a smaller-than-expected build of 1.3 million barrels. Should DOE print show a build lower than that or a decline, WTI could get a lift and make a more meaningful break above the $50 handle. Distillate stocks are expected to decline 1.8 mb while gasoline stockpiles are forecast to drop 2.2 mb.
Asian session
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9:45 pm GMT - New Zealand, trade balance for January. Expected: -530 million NZD. Previous: +547 million NZD
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0:30 am GMT - Australia, private capital expenditure for Q4 2019. Expected: 0.5% QoQ. Previous: -0.2% QoQ
Central bankers’ speeches
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8:00 am GMT - ECB’s Holzmann
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8:00 am GMT - ECB’s Panetta
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11:00 am GMT - ECB’s Makhlouf
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1:30 pm GMT - ECB President Lagarde
Wall Street earnings reports
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Booking Holdings (BKNG.US)
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L Brands (LB.US)
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Lowe’s (LOW.US)
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Marriott International (MAR.US)
