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European stock market seen opening lower
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GDP releases from Europe and Canada
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Caterpillar and Chevron report earnings
European stock markets are expected to launch today's trading lower following a downbeat Asia session. Spain, Poland and Germany will release Q4 GDP data during the first half of today's European session and releases may be a source of the additional volatility on the market. However, yesterday's lacklustre US GDP reading did little to change market sentiment.
8:00 am GMT - Spain, GDP report for Q4 2020. Expected: -1.5% QoQ. Previous: +16.4% QoQ
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Open account Try demo Download mobile app Download mobile app8:55 am GMT - Germany, unemployment rate for January. Expected: 6.1%. Previous: 6.1%
9:00 am GMT - Poland, GDP report for Q4 2020. Expected: -2.8% YoY. Previous: +4.5% YoY
9:00 am GMT - Germany, GDP report for Q4 2020. Expected: 0% QoQ. Previous: 8.5% QoQ
1:30 pm GMT - Canada, monthly GDP report for November. Expected: 0.4% MoM. Previous: 0.4% MoM
1:30 pm GMT - US data pack for December.
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Personal Income. Expected: 0.1% MoM. Previous: -1.1% MoM
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Personal Spending. Expected: -0.4% MoM. Previous: -0.4% MoM
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Core PCE. Expected: 1.3% YoY. Previous: 1.4% YoY
2:45 pm GMT - US, Chicago PMI for January. Expected: 58.5. Previous: 58.7
3:00 pm GMT - US, pending home sales for December. Expected: -0.1% MoM. Previous: -2.6% MoM
3:00 pm GMT - US, University of Michigan consumer sentiment for January (final). First release: 79.2
US earnings releases
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Caterpillar (CAT.US) - before market open
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Chevron (CVX.US) - before market open
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Honeywell International (HON.US) - before market open
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Phillips 66 (PSX.US) - before market open
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