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European stock markets expected to open lower
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US retail sales seen flat month-over-month
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Citigroup, JPMorgan and Wells Fargo report earnings
European markets are expected to open lower on the final trading day of the week. When it comes to economic release, US retail sales data for December is the most important print of the day. It is expected to show headline sales remain flat in month-over-month terms following a decline in November. Apart from that, 3 major US financial institutions will release Q4 earnings reports ahead of the Wall Street open - JPMorgan, Citigroup and Wells Fargo.
7:45 am GMT - France, CPI inflation for December (final). First release: 0% YoY
8:00 am GMT - Spain, CPI inflation for December. Expected: -0.5% YoY. Previous: -0.8% YoY
9:00 am GMT - Poland, CPI inflation for December. Expected: 2.3% YoY. Previous: 3% YoY
1:30 pm GMT - US, NY Empire index for January. Expected: 6. Previous: 4.9
1:30 pm GMT - US, retail sales for December.
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Headline. Expected: 0% MoM. Previous: -1.1% MoM
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Ex-autos. Expected: -0.1% MoM. Previous: -0.9% MoM
2:15 pm GMT - US, industrial production for December. Expected: 0.4% MoM. Previous: 0.4% MoM
3:00 pm GMT - US, Michigan consumer sentiment for January. Expected: 80. Previous: 80.7
Noteworthy US earnings releases
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Citigroup (C.US) - before market open
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JPMorgan (JPM.US) - before market open
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Wells Fargo (WFC.US) - before market open
Central bankers' speeches
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9:10 am GMT - ECB Enria
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices