Economic calendar: Second-tier data from US, central bankers' speeches

8:33 AM 16 November 2023
  • European indices set to open flat
  • Biden-Xi meeting seen as positive and optimistic
  • Second-tier data from US, central bankers' speeches

European index futures point to a more or less flat opening of the cash session on the Old Continent today. Talks between US President Biden and Chinese President Xi on the APEC summit have been labeled 'positive' with the two leaders discussing a number of issues, including Ukraine, Taiwan and the Middle East. However, remarks coming from Biden and Xi after the meeting were somewhat general and vague, and therefore we are not seeing any major reaction in the markets.

Economic calendar for the day ahead is light. There are no macro readings scheduled for the European morning, while some second-tier US data, like jobless claims or Philly Fed index, will be released in the early afternoon. A point to note is that there are a number of speeches from central bankers scheduled throughout the day and those may provide some FX volatility.

1:15 pm GMT - Canada, housing starts for October. Expected: 253k. Previous: 270.5k

1:30 pm GMT - US, jobless claims. Expected: 220k. Previous: 217k

1:30 pm GMT - US, Philadelphia Fed index for November. Expected: -9.5. Previous: -9.0

2:15 pm GMT - US, industrial production for October. Expected: -0.3% MoM. Previous: +0.3% MoM

3:30 pm GMT - EIA natural gas storage report. Expected: -10 bcf. Previous: +79 bcf

Central bankers' speeches

  • 8:00 am GMT - ECB Villeroy
  • 9:30 am GMT - ECB Centeno
  • 11:30 am GMT - ECB President Lagarde
  • 12:10 pm GMT - Fed Barr
  • 12:10 pm GMT - ECB Enria
  • 12:10 pm GMT - ECB de Cos
  • 2:15 pm GMT - ECB de Guindos
  • 2:25 pm GMT - Fed Williams
  • 3:30 pm GMT - Fed Waller
  • 3:35 pm GMT - Fed Barr
  • 3:45 pm GMT - BoE Ramsden
  • 4:45 pm GMT - Fed Mester
  • 5:00 pm GMT - Fed Cook
  • 6:30 pm GMT - Fed Mester

Top Wall Street earnings releases

  • Alibaba Group (BABA.US) - before market open
  • Macy's (M.US) - before market open
  • Walmart (WMT.US) - before market open
  • Warner Music Group (WMG.US) - before market open
  • Ross Stores (ROST.US) - after market close
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