Economic calendar: OPEC+ and Powell

European markets expected to open lower
Oil awaits OPEC+ meeting
Powell's speech important for equities

European stock index futures point to a lower opening of the European session. However, a big part of the overnight losses has been recovered during the second half of the Asian session. There are 2 big events scheduled for today - OPEC+ meeting and Powell's speech. There seems to be no market consensus for how much and whether OPEC+ brings back production so oil may get volatile once a decision is announced. Powell event will be an interesting one as it will be mostly Q&A session. He will probably stick to repeating that outlook remains uncertain and stimulus is still needed. However, if he continues to play spiking yields, equities may find themselves under pressure.

10:00 am GMT - Euro area, retail sales for January. Expected: -1.1% MoM. Previous: 2% MoM

1:30 pm GMT - US, jobless claims. Expected: 775k. Previous: 730k

2:00 pm GMT - OPEC+ meeting.

3:00 pm GMT - US, factory orders for January. Expected: 2.1% MoM. Previous: 1.1% MoM

5:05 pm GMT - Powell speech

US earnings

Costco (COST.US) - after market close
Kroger (KR.US) - before market open

3 March 2026, 8:42 AM

Economic calendar: Eurozone CPI and central bankers speeches in focus

3 March 2026, 6:45 AM

Morning wrap (03.03.2026)

2 March 2026, 3:04 PM

BREAKING: US Manufacturing data above expectations! 📈🏭

2 March 2026, 9:04 AM

BREAKING: Euro area manufacturing PMIs for February broadly confirmed a return to modest expansion

Economic reports

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