Economic calendar: NFP report in the spotlight!

• European indices open higher
• Meta Platforms and Amazon surprise positively with earnings
• NFP report for January in the spotlight

European indices launched today's trading higher, in response to an upbeat Wall Street session yesterday as well as after-hours gains on US indices, driven by solid earnings reports from Meta Platforms and Amazon.

Economic calendar for the European morning is empty. French industrial production data for December was the only noteworthy release scheduled, and it was already released at 7:45 am GMT, showing a 1.1% MoM increase (exp. 0.2% MoM). Things get much more interesting in the afternoon with release of NFP report for January at 1:30 pm GMT. Final University of Michigan data will also be released, but it is not expected to trigger any major market moves.

1:30 pm GMT - US, NFP report for January.

• Non-farm payrolls. Expected: 180k. Previous: 216k
• Private payrolls. Expected: 150k. Previous: 164k
• Unemployment rate. Expected: 3.8%. Previous: 3.7%
• Wage growth (monthly). Expected: 0.3% MoM. Previous: 0.4% MoM
• Wage growth (annual). Expected: 4.1% YoY. Previous: 4.1% YoY

3:00 pm GMT - US, University of Michigan data for January (final).

• Consumer sentiment. First release: 78.8
• 1-year inflation expectations. First release: 2.9%
• 5-year inflation expectations. First release: 2.8%

3:00 pm GMT - US, factory orders for December. Expected: 0.2% MoM. Previous: 2.6% MoM

Central bankers' speeches

• 8:30 am GMT - ECB Centeno
• 12:15 pm GMT - BoE Pill

Top Wall Street earnings scheduled for today

• AbbVie (ABBV.US) - before market open
• Chevron (CVX.US) - before market open
• Exxon Mobil (XOM.US) - before market open