- European indices set to open higher
- Second-tier data from the United States, central bankers' speeches
- Earnings from Walmart and Alibaba
European index futures point to a higher opening of the cash session today as major European benchmarks are catching up with US indices after a solid Wall Street session yesterday. AUD took a hit earlier today on a disappointing jobs report for April but has managed to regain ground since. Energy commodities and precious metals trade little changed. Major cryptocurrencies are pulling back.
Economic calendar for the day ahead includes some interesting releases but neither of them can be considered top-tier. Nevertheless, second-tier data from the US is noteworthy, especially as recession risk is on the rise. Jobless claims have been climbing since mid-March and traders are eager to see whether this trend continues, Philly Fed index is expected to show improvement while existing home sales are expected to drop compared to a month ago. Investors should keep in mind that there is a number of central bankers' speeches scheduled for today and it may be a source of FX volatility. Last but not least, among today's earnings reporters one can find Walmart and Alibaba.
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Create account Try a demo Download mobile app Download mobile app1:30 pm BST - US, jobless claims. Expected: 255k. Previous: 264k
1:30 pm BST - US, Philadelphia Fed index for May. Expected: -19.8. Previous: -31.3
3:00 pm BST- US, existing home sales for April. Expected: 4.3 million. Previous: 4.44 million
3:30 pm BST - EIA report on US natural gas storage. Expected: +110 bcf. Previous: +78 bcf
Central bankers' speeches
- 8:00 am BST - ECB Muller
- 8:45 am BST - BoE Pill
- 10:00 am BST - ECB President Lagarde
- 10:15 am BST - BoE Governor Bailey
- 2:05 pm BST - Fed Jefferson
- 2:30 pm BST - Fed Barr
- 3:00 pm BST - Fed Logan
- 4:00 pm BST - BoC Governor Macklem
Top Wall Street earnings releases
- Walmart (WMT.US) - before market open
- Alibaba Group (BABA.US) - before market open
- Applied Materials (AMAT.US) - after market close
- DXC Technology (DXC.US) - after market close
