-
European markets set to open slightly higher
-
Canadian retail sales for April due at 1:30 pm BST
-
Speeches from Fed Barkin and Fed Mester
Futures markets are pointing to a slightly higher opening of the European cash session today. Asian session has been upbeat and it is setting the tone for a higher opening on the Old Continent.Traders should keep in mind that US traders return from a long weekend today therefore liquidity conditions should improve in the afternoon.
Taking a look at the economic calendar for the day ahead, we do not see any major top-tier releases scheduled for today. Traders will be offered industrial production and jobs reports from Poland but it is unlikely to have any impact outside PLN market. CAD may move a bit during the Canadian retail sales release in the early afternoon but any volatility spike is likely to be short-lived and unlikely to be a trigger for a major move. Fed speakers - Barkin and Mester - may be the biggest source of volatility amid empty calendar.
9:00 am BST - Poland, industrial production for May. Expected: 15.2% YoY. Previous: 13.0% YoY
9:00 pm BST - Poland, jobs report for May.
-
Employment change. Expected: 2.6% YoY. Previous: 2.8% YoY
-
Wage growth. Expected: 14.6% YoY. Previous: 14.1% YoY
1:30 pm BST - Canada, retail sales for April.
-
Headline. Expected: 0.7% MoM. Previous: 0.0% MoM
-
Ex-auto. Expected: 0.6% MoM. Previous: 2.4% MoM
3:00 pm BST - US, existing home sales for May. Expected: 5.4 million. Previous: 5.61 million
Central bankers' speeches
-
4:00 pm BST - Fed Barkin
-
5:00 pm BST - Fed Mester
-
8:30 pm BST - Fed Barkin