Economic calendar: Second-tier European data, API oil report

8:10 AM 11 April 2023
  • European indices open higher

  • Second-tier data from Eurozone

  • Bitcoin jumps above $30,000

European indices launched today's cash session higher following an upbeat Asian session earlier in the day. Indices from Asia-Pacific booked decent gains today with Nikkei, Kospi and S&P/ASX 200 all gaining over 1%. Indices from China lagged and traded lower but the scale of declines was limited. AUD is trading higher after Australia and China reached agreement on barley exports and suspended the dispute at WTO. Cryptocurrencies are trading higher with Bitcoin jumping above the $30,000 mark for the first time since June 2022.

Economic calendar for the day ahead is light with only some second-tier European data and API report on US oil inventories scheduled for release. While the API report may trigger some short-term volatility on oil, today's data from Europe seldom triggers any moves. Apart from data releases, investors will also be offered speeches from 2 Fed members (Goolsbee and Harker) and 1 ECB member (Villeroy). Things get more interesting later into the week, especially tomorrow with US CPI data and FOMC minutes.

9:30 am BST - Euro area, Sentix index for April. Expected: -9.9. Previous: -11.1

10:00 am BST - Euro area, retail sales for February. Expected: -3.5% YoY. Previous: -2.3% YoY

9:40 pm BST - API report on oil inventories. Expected: -1.3 mb. Previous: -4.35 mb

Central bankers' speeches

  • 6:30 pm BST - Fed Goolsbee

  • 10:15 pm BST - ECB Villeroy

  • 11:00 pm BST - Fed Harker

Share:
Back

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

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