Economic calendar: US PPI inflation, Q2 earnings from US banks

European stock market set for flat opening
US PPI inflation report for June
Earnings reports from Morgan Stanley and JPMorgan

Futures markets point to a flat or slightly lower opening for the major European blue chips indices today. DAX futures currently trade around 30 points below yesterday's cash close. AUD and USD are leading among G10 currencies, with the former benefitting from a strong jobs report for June. USD strength is putting pressure on precious metals with gold and silver both dropping over 0.5% at press time.

Economic calendar for the day ahead is light but includes some interesting releases. US PPI inflation and jobless claims data is unlikely to trigger major market moves but will provide an update on the condition of the US economy. Producer's inflation has stabilized in recent months but remains at elevated levels. Apart from macro data, traders will also be offered Q2 earnings reports from major US banks - Morgan Stanley and JPMorgan.

1:30 pm BST - US, PPI inflation for June.

Headline. Expected: 10.7% YoY. Previous: 10.8% YoY
Core. Expected: 8.1% YoY. Previous: 8.3% YoY

1:30 pm BST - US, jobless claims. Expected: 236k. Previous: 235k

1:30 pm BST - Canada, manufacturing sales for May. Expected: -2.1% MoM. Previous: +1.7% MoM

3:30 pm BST - EIA natural gas storage. Expected: 55 bcf. Previous: 60 bcf

Central bankers' speeches

4:00 pm BST - Fed Waller

Wall Street earnings releases

JPMorgan (JPM.US) - before market open
Morgan Stanley (MS.US) - before market open

28 November 2025, 8:38 AM

Economic calendar: German CPI and Canadian GDP in focus

28 November 2025, 8:01 AM

BREAKING: Swiss GDP data weaker than expected 📌Spanish CPI above forecats

28 November 2025, 7:55 AM

Consumer spending rises in France; inflation prelim declines📋

28 November 2025, 7:31 AM

EURNOK muted after weak Germany retail sales and Norwegian unemployment

Economic reports

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Economic calendar: US PPI inflation, Q2 earnings from US banks

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