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European markets set to open higher
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Suez Canal remains blocked by stuck ship
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US personal spending and income for February
Futures markets point to a higher opening of the European cash session today. European equities are set to catch a breath and benefit from upbeat moods seen during the Asian session. Oil is trading around 2% higher today as the Suez Canal continues to be blocked by a stuck massive container ship. Today's economic calendar lacks top-tier releases that could trigger significant moves on the markets. German Ifo index may trigger some short-term volatility in the morning.
8:00 am GMT - Spain, Q4 GDP report (revision). First release: 0.4% QoQ
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Germany, IFO index for March. Expected: 93.2. Previous: 92.4
12:30 pm GMT - US data pack for February.
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Personal spending. Expected: -0.7% MoM. Previous: +2.4% MoM
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Personal income. Expected: -7.3% MoM. Previous: +10% MoM
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PCE inflation. Expected: 1.5% YoY. Previous: 1.5% YoY
2:00 pm GMT - US, University of Michigan consumer sentiment for March (final). First release: 83