- European markets set to open slightly higher
-
API report on oil inventories
-
Richmond manufacturing index and US pending home sales
DAX futures trimmed part of the losses made yesterday in the afternoon and now point to a slightly higher opening of the European cash session despite weak global sentiment, which was seen during the Asian session. The dollar index remains above 104.00, attempting to rise from recent lows, underpinned by surging Treasury yields. The benchmark 10-year US yield jumped to a six-week high of 3.85%, extending an uptrend that started in mid-December.
There are no major releases scheduled for the European trading hours but traders will get some second-tier data from the United States in the afternoon, including Richmond manufacturing index for December and pending home sales for November. API report on oil inventories will also be released today and it may have some small impact on oil prices. Oil pulled back yesterday and continued to move lower on Wednesday despite easing Covid-19 restrictions in China and Russian ban on oil exports to countries that imposed price caps.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app3:00 pm GMT - US, pending home sales for November. Expected: -0.8% MoM. Previous: -4.6% MoM
3:00 pm GMT - US, Richmond manufacturing index for December. Expected: -10. Previous: -9.0
3:30 pm GMT - US, Dallas manufacturing index for December. Previous: -11.0 pts
9:30 pm GMT - API report on oil inventories. Previous: -3.069 mb
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
