Read more

Economic calendar: Second-tier data from Europe and Canada, earnings from Walt Disney and Arista

8:17 AM 7 May 2024
  • European indices open higher
  • Second-tier data from Europe and Canada, Fed and ECB speakers
  • Earnings reports from Walt Disney, Arista Networks and Nikola

European indices launched today's cash session higher, building onto previous yesterday's gains. German DAX trades 0.5% higher, French CAC40 gains 0.6%, while Spanish IBEX, Italian FTSE MIB and Dutch AEX add 0.7%. UK FTSE 100 rallies over 1%. This comes after strong gains were made on Wall Street yesterday and after a rather upbeat Asia-Pacific session earlier today. AUD is the worst performing G10 currency after RBA kept rates unchanged and left rate guidance unchanged.

Economic calendar for today is very light. Traders will be offered retail sales data for March from Europe area as well as Canadian Ivey PMI print for April in the afternoon. However, neither of the two tends to trigger any larger market moves. Energy traders will focus on API report on US oil inventories. Speeches from ECB and Fed members may offer some volatility on EUR- and USD-tied FX pairs. Among today's earnings highlights one can find reports from Walt Disney  (DIS.US), Nikola (NKLA.US) and Arista Networks (ANET.US)

10:00 am BST - Euro area, retail sales for March. 

  • Monthly. Expected: 0.6% MoM. Previous: -0.5% MoM
  • Annual. Expected: -0.2% YoY. Previous: -0.7% YoY

3:00 pm BST - Canada, Ivey PMI for April. Expected: 58.1. Previous: 57.5

9:40 pm BST - API report on oil inventories. Expected: 1.2 mb

Central bankers' speeches

  • 10:00 am BST - ECB de Cos
  • 2:00 pm BST - ECB de Cos
  • 3:00 pm BST - ECB Nagel
  • 4:30 pm BST - Fed Kashkari
  • 4:30 pm BST - ECB Nagel
  • 6:20 pm BST - Fed Kashkari

Top Wall Street earnings reports

  • Walt Disney (DIS.US) - before market open
  • Celsius Holdings (CELH.US) - before market open
  • Datadog (DDOG.US) - before market open
  • Crocs (CROX.US) - before market open
  • Nikola (NKLA.US) - before market open
  • Rivian Automotive (RIVN.US) - after market close
  • Arista Networks (ANET.US) - after market close
  • Upstart Holdings (UPST.US) - after market close
  • Lyft (LYFT.US) - after market close
  • Occidental Petroleum (OXY.US) - after market close
Share:
Back

Market News

04.07.2025
19:13

Daily Summary: Tariff Concerns Weigh on Markets

Due to Independence Day, the US stock market remained closed today. Concerns about the future of tariff negotiations led to declines in US index...

 18:56

US Stock Peaks on Increasingly Shaky Foundations

US indices hit new highs yesterday. Today's lack of trading sessions is causing a slight correction in futures contracts, although it's hard to...

 13:48

DE40: European Stocks Slide On Tariff Anxiety (04.07.2025)

European markets record sharp declines, as investors’ anxiety grows ahead of the looming tariff negotiation deadline. Donald Trump’s pledge...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits