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European indices set for higher opening
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Powell to speak on the economy and inflation in the evening
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ADP report expected to show 200k jobs gain in November
Economic calendar for the day ahead is packed with interesting releases. While GDP data from Europe and US that is scheduled for release will be revisions, other reports may trigger some market moves. European CPI reading will be released at 10:00 am GMT and is expected to show deceleration. Note that major European economies saw price growth decelerate in November so there is a scope for a downside surprise. Apart from that, traders will closely watch ADP jobs report for November (1:15 pm GMT) as it will be a final hint ahead of Friday's NFP release. Last but not least, Fed Chair Powell is scheduled to speak at 6:30 pm GMT today with the topic of a speech being "Economic Outlook, Inflation and the Labor Market".
8:55 am GMT - Germany, unemployment rate for November. Expected: 5.5%. Previous: 5.5%
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Open account Try demo Download mobile app Download mobile app9:00 am GMT - Poland, GDP report for Q3 2022 (revision). First release: 0.9% QoQ
9:00 am GMT - Poland, CPI inflation for November. Expected: 17.9% YoY. Previous: 17.9% YoY
9:00 am GMT - Italy, GDP report for Q3 2022 (revision). First release: 0.5 QoQ
10:00 am GMT - Italy, CPI inflation for November. Expected: 11.3% YoY. Previous: 11.8% YoY
10:00 am GMT - Euro area, CPI inflation for November.
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Headline. Expected: 10.4% YoY. Previous: 10.6% YoY
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Core. Expected: 5.0% YoY. Previous: 5.0% YoY
1:15 pm GMT - US, ADP report on employment change for November. Expected: 200k. Previous: 239k
1:30 pm GMT - US, GDP report for Q3 2022 (revision). First release: 2.6% annualized
3:00 pm GMT - US, pending home sales for October. Expected: -5.0% MoM. Previous: -10.2% MoM
3:30 pm GMT - DOE report on oil inventories.
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Oil inventories. Expected: -2.4 mb (API:
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Gasoline inventories. Expected: +1.6 mb (API:
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Distillate inventories. Expected: +1.4 mb (API:
Central bankers' speeches
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8:30 am GMT - BoE Pill
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1:50 pm GMT - Fed Bowman
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5:35 pm GMT - Fed Cook
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6:30 pm GMT - Fed Chair Powell
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