Economic calendar: US core PCE inflation in the spotlight

European markets set to open mixed
US core PCE inflation for April to be released in early afternoon

Futures markets point to a mixed opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade slightly below yesterday's cash close at the moment, while most of the other major indices move higher.

Trading is expected to be rather calm throughout the European morning as the economic calendar is empty. However, things get more interesting in the afternoon and especially USD traders should brace for a possibility of an increase in volatility on the greenback market in the early afternoon as a data pack for April, including core PCE inflation, will be released (1:30 pm BST).

9:00 am BST - Euro area, M3 Money Supply for April. Expected: 6.3% YoY. Previous: 6.3% YoY

1:30 pm BST - US, data pack for April.

Personal spending. Expected: 0.7% MoM. Previous: 1.1% MoM
Personal income. Expected: 0.5% MoM. Previous: 0.5% MoM
PCE core inflation. Expected: 4.9% YoY. Previous: 5.2% YoY

3:00 pm BST - US, University of Michigan consumer sentiment for May (final). First release: 59.1

Central bankers speeches

12:35 pm BST ECB's Lane
12:35 pm BST - FED Bullard

Top Wall Street earnings

Big Lots (BIG.US) - before market open
Pinduoduo (PDD.US) - before market open

16 July 2026, 7:59 AM

Economic Calendar: Earnings, US Retail Sales and Fed to Fight for Investors' Attention (16.07.2026)

16 July 2026, 7:05 AM

BREAKING: GBPUSD up 0.1% after better-than-expected UK GDP data 🇬🇧 📈

15 July 2026, 7:14 PM

Daily Summary: Wall Street Gains, Dow Jones Near All-Time Highs After Softer PPI Data

15 July 2026, 1:53 PM

Market Wrap: Indices gain on technology stocks rise and lower US PPI data

Economic reports

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