Equity sell-off continues
US core PCE inflation for January
G20 finance ministers and central bankers video meeting
Sell-off on equity markets continues with DAX futures pointing to around 200-points bearish gap at the launch of the European session. Spiking yields are a key theme on the markets now but Fed members continue to play down the issue. Today's economic calendar is light. US data in the afternoon will be interesting as it includes core PCE inflation - Fed's favourite measure. G20 finance ministers and central bankers will hold a video meeting today but it is likely to be a non-event. Today is the final stock trading session of the month therefore some bigger rebalancing flows may occur.
8:00 am GMT - Spain, CPI inflation for February. Expected: 0.4% YoY. Previous: 0.4% YoY
9:00 am GMT - Poland, GDP report for Q4 2020 (revision). First release: -0.7% QoQ
1:30 pm GMT - US data pack for January.
Core PCE inflation. Expected: 1.4% YoY. Previous: 1.5% YoY
Personal spending. Expected: 2.5% MoM. Previous: -0.2% MoM
Personal income. Expected: 9.5% MoM. Previous: 0.6% MoM
2:45 pm GMT - US, Chicago PMI for February. Expected: 61.1. Previous: 63.8
3:00 pm GMT - US, University of Michigan index for February (final). First release: 76.2
Foot Locker (FL.US) - before market open