-
European stock markets set for a lower opening
-
Bank of Canada expected to deliver 75 bp rate hikes
-
Speeches from Fed members, BoE Governor testimony
Futures markets point to a lower opening of a cash trading session on the Old Continent today. Rising yields and recession fears are playing a major role in recent risk-off moods. Disappointing trade data from China released overnight added to concerns over global growth.
A top-tier event in today's economic calendar is the interest rate decision announcement from the Bank of Canada. Economists expect a 75 bp rate hike and such an outcome is also priced-in by the markets. Apart from that, oil traders will be offered a weekly API report on oil inventories. Last but not least, a range of Fed members are set to speak today so USD traders beware. GBP traders may want to stay on guard at 10:00 am BST as Governor Bailey and other BoE members will testify to Parliament's Treasury Committee.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app10:00 am BST - Euro area, GDP report for Q2 2022 (revision). First release: 0.6% QoQ
1:30 pm BST - US, trade balance for July. Expected: -$70.4 billion. Previous: -$79.6 billion
3:00 pm BST - Bank of Canada interest rate decision
9:40 pm BST - API report on oil inventories. Expected: -0.8 mb. Previous: +0.59 mb
Central bankers' speeches
-
10:00 am BST - BoE Pill, Mann, Tenreyro and Governor Bailey
-
2:00 pm BST - Fed Barkin
-
3:00 pm BST - Fed Mester
-
5:40 pm BST - Fed Brainard
-
7:00 pm BST - Fed Barr
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.
