-
European indices set for higher opening
-
US services ISM on watch after last month's huge jump
-
Cryptocurrencies sink on Silvergate concerns
European index futures point to a higher opening of the cash session on the Old Continent today. USD is one the backfoot providing some support for commodities. Cryptocurrencies are plunging as concerns over the financial condition of Silvergate cryptocurrency bank are mounting.
Economic calendar for today is rather light. Day will be dominated by the final release of services PMIs for February. However, US non-manufacturing ISM for February will be on watch as reading for January showed a massive jump from 49.2 to 55.2, while the market expected a move to just 50.4. A number of speeches from Fed members is scheduled for the afternoon.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appA point to note is that while today is the first Friday of a new month, there will be no release of US or Canadian jobs data. Jobs reports for February from those two countries will be released on Friday next week.
8:15 am GMT - Spain, services PMI for February. Expected: 54.2. Previous: 52.7
8:45 am GMT - Italy, services PMI for February. Expected: 53.0. Previous: 51.2
8:50 am GMT - France, services PMI for February (final). First release: 52.8
8:55 am GMT - Germany, services PMI for February (final). First release: 51.3
9:00 am GMT - Euro area, services PMI for February (final). First release: 53.0
9:00 am GMT - Italy, GDP report for Q4 2022 (revision). First release: 0.1% QoQ
9:30 am GMT - UK, services PMI for February (final). First release: 53.3
10:00 am GMT - Euro area, PPI inflation for January. Expected: 17.8% YoY. Previous: 24.6% YoY
2:45 pm GMT - US, services PMI for February (final). First release: 50.5
3:00 pm GMT - US, non-manufacturing ISM for February. Expected: 54.5. Previous: 55.2
Central bankers' speeches
-
8:30 am GMT - ECB De Guindos
-
4:00 pm GMT - Fed Logan
-
4:15 pm GMT - Fed Bostic
-
8:00 pm GMT - Fed Bowman
-
9:45 pm GMT - Fed Barkin
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.
