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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
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨