- European indices are expected to open with little change
- Retail sales data in the EU
- Factory orders in Germany
European futures contracts for indices indicate a flat opening for today's cash session in Europe. The German DAX index is down 0.1% and is trading around 15,945 points, while the Euro Stoxx 50 Index is 0.06% below the line.
Today's macro calendar is relatively light for the US, where no publications are scheduled except for the weekly crude oil stocks (API) report. However, in Europe, investors will receive several interesting data. Particularly in focus are the factory orders data for Germany published at 7:00 AM BST. The German economy has been significantly slowing down in recent weeks and the orders indicate a continuation of contraction. Month-on-month orders have declined by 0.4%, compared to the forecasted growth of 3.0%. Then, at 11:00 AM BST, retail sales data for the Eurozone will be published.
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Detailed schedule for the day:
5:30 AM BST, Australia - Interest Rate Decision
- 0.25% increase to 4.10%, Expected: 3.85%, Previous: 3.85%
7:00 AM BST, Germany - Factory Orders for April
- Actual: -0.4% MoM, Expected: 3.0% MoM, Previous: -10.9% MoM
- Actual: -9.9% YoY, Previous: -11.2% YoY
10:00 AM BST, EU - Retail Sales for April
- SA - Expected: 0.2%, Previous: -1.2%
- WDA - Expected: -3.0%, Previous: -3.8%
3:00 PM BST, Canada - Ivey PMI
- Expected: 57, Previous: 56.8
9:40 PM BST, USA - Crude Oil Inventories Report
- Expected: 0.5 mn, Previous: 5.2 mn
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.
