Economic calendar: CPI data from Canada and Wall Street bank results

08:40 16 January 2024
  • Futures point to lower opening of European cash session
  • Attention turns to CPI data from Canada 
  • Wall Street's largest banks will report their quarterly results today

Futures point to a lower opening of Tuesday's cash session in Europe. This comes after a relatively weak session in APAC markets, triggered by rising yields on debt securities. Yields on US 10-year notes returned above the 4% barrier.

Highlights of the day include the German CPI report (final), UK unemployment/wage data, German ZEW, US NY Fed Manufacturing and Canadian CPI, speeches by Bailey of the BoE and Waller of the Fed. The calendar will be topped off with quarterly reports from Goldman Sachs, PNC Financial Services, Morgan Stanley.

Key readings of the day:

  • 10:00 am GMT - Germany, ZEW index for January. Forecast: 12. earlier: 12.8
  • 01:30 pm GMT - Canada, CPI data for December. Forecast: 3.3% y/y. Earlier: 3.1% y/y
  • 02:30 pm GMT - USA, NY Empire State index. Forecast: -5. Earlier: -14.5
  • 03:00 pm GMT - BoE Bailey's speech 
  • 04:00 pm GMT - FED Waller's speech 

Q4 2023 earnings season:

  • Interactive Brokers (IBKR.US) - after the session
  • Goldman Sachs (GS.US) - before the session
  • PNC Financial Services (PNC.US) - before the session
  • Morgan Stanley (MS.US) - before the session

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