- European indices pull back
- GBP gains after UK jobs data, CHF drops on Swiss CPI print
- US CPI inflation report and German ZEW index in the spotlight
European indices launched today's trading lower, in spite of a mixed trading on Wall Street yesterday and an upbeat trading in Asia earlier today. German DAX drops 0.5%, UK FTSE 100 trades 0.2% lower, French CAC40 declines 0.3% and Dutch AEX slumps almost 0.8%.
Economic calendar for today includes some noteworthy releases. UK jobs data released at 7:00 am GMT turned out to be much better than expected and triggered a jump in the GBP market. Meanwhile, a lower than expected Swiss CPI reading for January put pressure on CHF. There is one more important release scheduled for the European morning - German ZEW index for February. However, a key release of the day will come in the early afternoon - US CPI inflation print for January. US report is expected to show headline CPI dropping below 3% YoY for the first time since March 2021. Among today's earnings highlights one can find reports from Coca-Cola and Robinhood Markets.
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Create account Try a demo Download mobile app Download mobile app10:00 am GMT - Germany, ZEW Institute index for February. Expected: 17.5. Previous: 15.2
1:30 pm GMT - US, CPI inflation for January.
- Headline. Expected: 2.9% YoY. Previous: 3.4% YoY
- Core. Expected: 3.7% YoY. Previous: 3.9% YoY
9:40 pm GMT - API report on US oil inventories. Expected: +2.5 mb. Previous: +0.67 mb
Top Wall Street earnings
- Airbnb (ABNB.US) - after market close
- Coca-Cola (KO.US) - before market open
- Lyft (LYFT.US) - after market close
- Marriott International (MAR.US) - before market open
- Robinhood Markets (HOOD.US) - after market close
- Shopify (SHOP.US) - before market open
