Economic calendar: US data and central bankers

• European markets seen opening more or less flat

• Central bankers at BIS Innovation Summit 2021

• SNB rate decision, US GDP report revision

Futures market point to a flat or slightly lower opening of the European session today. Some risk-on flows can be spotted on the FX market with JPY, CHF and USD being the worst performing majors.

Swiss National Bank will announce a monetary policy decision in the morning but no change is expected. Revised US GDP report for Q4 will be released in the early afternoon but it is unlikely to have an impact on the markets. A number of central bank governors will deliver short speeches on innovation in central banking at BIS Innovation Summit 2021. 

8:30 am GMT - SNB rate decision

9:30 am GMT - Central bankers at BIS Innovation Summit 2021

• ECB President Christine Lagarde

• Bundesbank President Jens Weidmann

• BoE Governor Andrew Bailey

• BoC Governor Tiff Macklem

• Riksbank Governor Stefan Ingves

• Bank of France Governor Francis Villeroy de Galhau

• New York Fed President John C. Williams

12:30 pm GMT - US, Q4 GDP report (annualized, third release). Second release: 4.1%

12:30 pm GMT - US, jobless claims. Expected: 730k. Previous: 770k

Central bankers' speeches

• 9:00 am GMT - ECB President Lagarde

• 2:10 pm GMT - Fed Clarida

• 4:00 pm GMT - Fed Bostic

• 5:00 pm GMT - Fed Evans