Economic calendar: WASDE report and API oil data

European markets seen opening slightly lower
WASDE report expected to show lower ending stocks of corn, soy and cotton
US House may reschedule stimulus vote for tomorrow

European stock markets are seen opening a touch lower on Tuesday following mixed trading on Wall Street and in Asia. Rotation out of growth and into value stocks continued. While today's economic calendar is almost empty, there are some noteworthy readings scheduled for commodity traders. WASDE report at 5:00 pm GMT may be a big mover for grains and is expected to show lower ending stocks for corn, soybean and cotton. Oil traders will look for API inventories data for hints ahead of tomorrow's DOE release. A point to note is that API had a poor record of predicting DOE readings recently.

Last but not least, US House of Representatives was expected to hold a final vote on Biden's $1.9 trillion stimulus plan today. However, Speaker Pelosi said overnight that it isn't certain whether the House manages to vote today and if there is not enough time, the vote may be rescheduled for tomorrow.

9:00 am GMT - Italy, industrial production for January. Expected: 0.7% moM. Previous: -0.2% MoM

10:00 am GMT - Euro area, GDP report for Q4 (revision). First release: -0.7% QoQ

5:00 pm GMT - WASDE report

9:40 pm GMT - API report on oil inventories. Expected: -0.8 mb

10 November 2026, 1:31 PM

BREAKING: US CPI data higher than expected 🚩 Wall Street reacts

10 November 2026, 12:56 PM

⬇️EURUSD pulls back ahead of CPI

10 November 2026, 12:09 PM

Market Wrap: European Stocks Rise, Infineon Shares Up 5% 🔼 Wall Street Weakens Ahead of U.S. CPI

10 November 2026, 10:20 AM

Waller’s hawkish Fed remarks drive USDIDX rebound 🗽 Is a 50 bp U.S. rate hike possible?

Economic reports

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