- European indices set for slightly lower opening
- German IFO data for August
- US durable goods orders report for July
European index futures point to a slightly lower opening of today's cash session for major blue chips indices from the Old Continent. This comes after a mixed Asia-Pacific session earlier today, that saw indices from the region struggle to find common direction.
Economic calendar for the first day of a new week is light. Traders will be offered German IFO indices for August at 9:00 am BST, as well as US durable goods orders report for July in the early afternoon (1:30 pm BST). Things get more interesting later into the week with release of flash CPI data from Europe for August as well as fiscal-Q2 earnings report from Nvidia.
8:30 am BST - Riksbank minutes
9:00 am BST - Germany, IFO index for August. Expected: 86. Previous: 87
9:00 am BST - Poland, unemployment rate for July. Expected: 5.0%. Previous: 4.9%
1:30 pm BST - US, durable goods orders for July.
- Headline. Expected: +5.0% MoM. Previous: -6.7% MoM
- Ex-transport. Expected: -0.1% MoM. Previous: +0.4% MoM
3:30 pm BST - US, Dallas Fed index for August
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
⬇️EURUSD below 1.15 following hawkish Fed
BREAKING: Fed’s Hawkish Hike Triggers Market Reversal: USD Soars as Gold and US500 Retreat