Economic calendar: Second day of Powell's hearings, DOE oil report

European indices set for flat opening
Second day of Powell's semi-annual testimonies in Congress
NZD drops after RBNZ decision

European stock market indices are set for flat opening of today's cash session, based on current futures market pricing. This comes after a mixed trading during the Asia-Pacific session earlier today. NZD is among the worst performing G10 currencies after RBNZ left rates unchanged and said that it expects inflation to return to 1-3% target in the second half of this year.

Economic calendar for the European morning is almost empty - Italian industrial production print is unlikely to trigger any major market moves. Things get a bit more interesting in the afternoon with the second day of Powell's semi-annual testimonies in Congress. Fed Chair will testify before US House committee at 3:00 pm BST, but text of the testimony will remain the same as yesterday, and it is likely that Powell will try to send a balanced message when answering questions from lawmakers.

9:00 am BST - Italy, industrial production for May. Expected: +0.2% MoM. Previous: -1.0% MoM

3:00 pm BST - US, wholesale inventories for May. Expected: +0.6% MoM. Previous: 0.1% MoM

3:00 pm BST - Fed Chair Powell testifies before US House committee

3:30 pm BST - US, DOE report on oil inventories.

Oil inventories. Expected: -0.2 mb (API: -1.92 mb)
Gasoline inventories. Expected: -1.8 mb (API: -2.95 mb)
Distillate inventories. Expected: -0.3 mb (API: +2.34 mb)

Central bankers' speeches

9:00 am BST - ECB Nagel
2:30 pm BST - BoE Pill
3:00 pm BST - ECB Nagel
3:00 pm BST - Fed Chair Powell
4:30 pm BST - BoE Mann
7:30 pm BST - Fed Goolsbee & Fed Bowman

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9 October 2025, 9:13 AM

Debasement Trade: Why Investors Seek Refuge in Gold

9 October 2025, 8:45 AM

Economic calendar: ECB minutes, Fed's Powell speech and US wholesale sales in focus

9 October 2025, 7:02 AM

BREAKING: Weaker than expected import & export data from Germany

economic reports

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Economic calendar: Second day of Powell's hearings, DOE oil report

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