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European markets set for flat opening
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Flash August CPI data from Germany
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UK traders off for holiday
Moods on the global financial markets are upbeat at the beginning of a new week. Stocks moved higher during the Asian session after Powell's Friday speech showed he remains a big dove. Oil is trading higher following a landfall of the Ida hurricane in the US Gulf area. Majority of the US oil production facilities in the region have been shut down. Meanwhile, futures markets point to a flat opening of the European session. Note that session on the Old Continent may be a bit more muted today as UK traders are observing the summer bank holiday.
When it comes to economic data scheduled for release today, German flash CPI reading for August is a key release of the day. German price growth is expected to accelerate slightly from an already-elevated levels. Zoom Video Communications will report earnings after close of the Wall Street session.
8:00 pm BST - Spain, HICP inflation for August. Expected: 2.9% YoY. Previous: 2.9% YoY
1:00 pm BST - Germany, CPI inflation for August. Expected: 3.9% YoY. Previous: 3.8% YoY
3:00 pm BST - US, pending home sales for July. Expected: 0.5% MoM. Previous: -1.9% MoM
Central bankers' speeches
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4:00 pm BST - ECB Schnabel
US earnings reports
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Zoom Video Communication (ZM.US) - after market close