Economic calendar: Powell and US retail sales

European stock futures surge ahead of cash session open
Powell starts 2-day testimony on Capitol Hill
US retail sales seen rebounding in May

European stock futures are trading higher on Tuesday morning, recovering from yesterday's sell-off. There are 2 big events today - US retail sales data for May and Powell's testimony. The former will show scale and pace of reopening while the latter will provide investors with an overall outlook on the US economy. Apart from that, US Secretary of State Mike Pompeo is rumoured to meet with China's top foreign policy official today but timing is uncertain.

10:00 am BST - Germany, ZEW index for May. Expected: 60. Previous: 51

1:00 pm BST - Poland, core CPI inflation for May. Expected: 3.7% YoY. Previous: 3.6% YoY

1:30 pm BST - US, retail sales for May.

Headline. Expected: 8% MoM. Previous: -16.4% MoM
Ex. autos. Expected: 5.1% MoM. Previous: -17.2% MoM

2:15 pm BST - US, industrial production for May. Expected: 3% MoM. Previous: -11.2% MoM

3:00 pm BST - Powell testifies before the Senate Banking Committee. Fed Chairman will hold 2-day testimonies on Capitol Hill this week. Event will be closely watched as the central banker is expected to outline a grim picture of the US economy. This could be a wake up call for markets but given rumours on a new $1 trillion stimulus, investors may not care that much.

9:40 pm BST - API report on oil inventories. Expected: -0.4 mb

31 October 2025, 7:08 PM

Daily summary: Sentiments on Wall Street stall at the end of the week🗽US Dollar gains

31 October 2025, 4:33 PM

Fed's Bostic and Hammack comment the US monetary policy 🔍Divided Fed?

31 October 2025, 4:23 PM

Scott Bessent sums up the US trade deal with China🗽What will change?

31 October 2025, 3:26 PM

Fed members comment on US economy 🗽US dollar gains

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Economic calendar: Powell and US retail sales

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