- European indices set for lower opening
- US traders off to observe a holiday
- Rate decisions from BoE, SNB and Norges Bank later this week
European index futures point to a slightly lower opening of the European cash session today. This comes after declines on Wall Street on Friday and after a rather downbeat Asia-Pacific session earlier today. Oil is trading lower at the beginning of a new week after a number of banks cut GDP growth forecast for China over the weekend and Bloomberg reported that Iranian oil exports reached a 5-year high.
Economic calendar for today is empty with no top-tier releases scheduled. Trader should also keep in mind that liquidity conditions on the markets may be limited, especially in the afternoon, as traders from the United States will be off to observe a holiday and there will be no Wall Street trading session today (changes to trading hours on xStation listed below).
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Create account Try a demo Download mobile app Download mobile appHowever, things get more interesting later into the week with a number of events that can move the markets. Those include rate decisions from Swiss National Bank, Bank of England and Norges Bank on Thursday, flash PMIs for June on Friday as well as semiannual testimonies from Fed Chair Powell on Wednesday and Thursday.
Central bankers' speeches
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9:00 am BST - ECB Simkus
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12:00 pm BST - ECB Lane
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12:40 pm BST - ECB Schnabel
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2:00 pm BST - ECB Villeroy
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7:00 pm BST - ECB De Guindos
Trading hour changes because of US holiday
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No trading - CORN, SOYBEAN, WHEAT, SUGAR, COCOA, COFFEE, COTTON, LEANHOGS, CATTLE, SOYOIL
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Trading until 4:30 pm BST - VIX
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Trading until 6:00 pm BST - TNOTE, US100, US30, US500, US2000
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Trading until 6:30 pm BST - OIL, LSGASOIL
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Trading until 7:30 pm BST - GOLD, SILVER, PLATINUM, PALLADIUM, OIL.WTI, NATGAS, GASOLINE
