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European markets set for flat opening
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US retails sales for August in the spotlight
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Putin-Xi meeting in Uzbekistan
European stock market futures point to a more or less flat opening of today's cash session from key benchmarks from the Old Continent. Situation on the markets have calmed following disastrous US CPI reading on Thursday. However, USD's outperformance continues with greenback being one of the best performing major currencies today. Elsewhere, industrial metals and energy commodities do not experience any major price swings while precious metals pull back amid USD strengthening.
A key data release of the day will come at 1:30 pm BST - US retail sales report for August. Market expected neither growth, nor decline, what would be the second month of flat sales in a row. Lack of growth is a hint that the US consumer is weakening what should be a strong hint for the Fed. Apart from US data, a meeting between Putin and Xi is expected today in Uzbekistan. However, it is not expected to result in any major announcements or commitments.
9:00 am BST - Poland, CPI inflation for August (final). First release: 16.1% YoY
10:00 am BST - Euro area, trade balance for July. Expected: -€32.5 billion. Previous: -€30.8 billion
1:30 pm BST - US, retail sales for August.
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Headline. Expected: 0.0% MoM. Previous: 0.0% MoM
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Ex-autos. Expected: 0.0% MoM. Previous: 0.4% MoM
1:30 pm BST - US, jobless claims. Expected: 225k. Previous: 222k
2:15 pm BST - US, industrial production for August. Expected: 0.2% MoM. Previous: 0.6% MoM
3:30 pm BST - US, EIA natural gas storage. Expected: 71 bcf. Previous: 54 bcf
Central bankers' speeches
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10:15 am BST - ECB Guindos
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12:00 pm BST - ECB Centeno