- Global stocks managed to erase yesterday early losses
- ECB President Christine Lagarde is scheduled to speak
- US Personal Spending and PCE index point to a solid rebound
Global equity markets managed to finish yesterday session higher despite weak start. Investors welcomed the fact that US regulators eased restrictions on large banks' investments - so called Volcker Rule. These news outweighed uncertainty over increasing number of coronairus infections. There is not much on the agenda today, at least when it comes to macro releases. Michigan Consumer Sentiment Index, US Personal Spending and Core PCE Price Index may have some impact on the markets. Also ECB President Christine Lagarde is scheduled to speak today morning, but markets doubt new messages will come through.
Since there is little data scheduled for release today, therefore markets are likely to be steered by coronavirus-related newsflow and its impact on risk sentiment.
Since there is little data scheduled for release today, therefore markets are likely to be steered by coronavirus-related newsflow and its impact on risk sentiment.
8:00am BST - ECB's President Lagarde speech
1:30pm BST- US Core PCE Price Index m/m. Expected: 0.0%. Previous: -0.4%
1:30pm BST- Personal Spending m/m. Expected 8.9%. Previous -13.6%
3:00pm BST- Michigan Consumer Sentiment Index for Jun. Expected 79.1. Previous 78.9%
