-
European indices opened slightly lower
-
GDP reports from euro area, Canada and Italy
-
Earnings from Caterpillar, McDonald's and Electronic Arts among others
European stock market indices opened with small bearish price gaps on Tuesday, following a downbeat trading on Wall Street yesterday and in Asia earlier today. Energy commodities are pulling back with Brent dropping 0.7% at press time. Precious metals are pressured by USD strengthening with gold dropping 0.5% while platinum and silver drop around 1.4% each.
Economic calendar for today holds some interesting releases. Traders will focus on European Q4 GDP data in the morning followed by the monthly GDP report for November from Canada in the early afternoon. The Conference Board index for January may also trigger some moves. Oil may see some additional action in the evening following the release of API report. Last but not least, Wall Street earnings calendar for today is packed with top-tier earnings reports (see the list below).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appGerman CPI data for January was initially set to be released today at 1:00 pm GMT but German statistics office announced yesterday that it had to delay release until next week due to technical errors. Exact time and date of new release is to be announced on Friday.
8:55 am GMT - Germany, unemployment rate for January. Expected: 5.5%. Previous: 5.5%
10:00 am GMT - Euro area, GDP report for Q4 2022. Expected: -0.1% QoQ. Previous: 0.3% QoQ
10:00 am GMT - Italy, GDP report for Q4 2022. Expected: -0.2% QoQ. Previous: 0.5% QoQ
1:30 pm GMT - Canada, GDP report for November. Expected: 0.2% MoM. Previous: 0.1% MoM
2:45 pm GMT - US, Chicago PMI for January. Expected: 45.0. Previous: 45.1
3:00 pm GMT - US, Conference Board confidence index for January. Expected: 109.0. Previous: 108.3
9:40 pm GMT - API report on US oil inventories. Expected: +0.2 mb. Previous: +3.4 mb
9:45 pm GMT - New Zealand, data pack for Q4 2022.
-
Employment change. Expected: 0.3% QoQ. Previous: 1.3% QoQ
-
Labour Cost. Expected: 1.1% QoQ. Previous: 1.1% QoQ
-
Unemployment rate. Expected: 3.3%. Previous: 3.3%
Top US earnings releases
-
Caterpillar (CAT.US) - before market open
-
ExxonMobil (XOM.US) - before market open
-
General Motors (GM.US) - before market open
-
Marathon Petroleum (MPC.US) - before market open
-
McDonald's (MCD.US) - before market open
-
Pfizer (PFE.US) - before market open
-
Phillips 66 (PSX.US) - before market open
-
United Parcel Service (UPS.US) - before market open
-
Advanced Micro Devices (AMD.US) - after market close
-
Electronic Arts (EA.US) - after market close
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.
