- European indices set for flat opening
- Flash November's PMIs from Europe
- Rate decision from CBRT and Riksbank, ECB minutes
- US holiday
European index futures point to a flat opening of the main blue chips indices. This comes after an uneventful Asia-Pacific session, during which indices from the region struggled to find common direction. Japanese holiday negatively impacted liquidity conditions and situation is not expected to improve much with US markets closed for Thanksgiving Day today. List of trading hour changes due to US holiday can be found below.
US Thanksgiving holiday trading hours changes
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- Trading until 4:30 pm GMT - VIX
- Trading until 6:00 pm GMT - US30, US100, US500, US2000, JP225, TNOTE
- Trading until 6:30 pm GMT - OIL, LSGASOIL
- Trading until 7:30 pm GMT - OIL.WTI, NATGAS, GASOLINE, GOLD, SILVER, PLATINUM, PALLADIUM
Nevertheless, European session ahead looks to be interesting with traders getting flash PMIs for November as well as updates from some central banks. As usual, French and German PMI readings at 8:15 and 8:30 am GMT, respectively, will be the most closely watched and may trigger the biggest price moves on European assets. SEK may see some moves when Riksbank announces rate decision with expectations split between 25 bp rate hike and no move. On the other hand, CBRT is seen delivering a 250 basis point rate hike at 11:00 am GMT. EUR may also see some volatility during ECB minutes release at 12:30 pm GMT.
8:15 am GMT - France, PMI indices for November.
- Manufacturing. Expected: 43.0. Previous: 42.8
- Services. Expected: 45.6. Previous: 45.2
8:30 am GMT - Germany, PMI indices for November.
- Manufacturing. Expected: 41.2. Previous: 40.8
- Services. Expected: 48.5. Previous: 48.2
8:30 am GMT - Riksbank rate decision
9:00 am GMT - Euro area, PMI indices for November.
- Manufacturing. Expected: 43.4. Previous: 43.1
- Services. Expected: 48.0. Previous: 47.8
9:30 am GMT - UK, PMI indices for November.
- Manufacturing. Expected: 45.0. Previous: 44.8
- Services. Expected: 49.5. Previous: 49.5
11:00 am GMT - CBRT rate decision
12:30 pm GMT - ECB minutes
Asia-Pacific session ahead
9:45 pm GMT - New Zealand, retail sales for Q3 2023. Expected: -0.8% QoQ. Previous: -1.0% QoQ
11:30 pm GMT - Japan, core CPI inflation for October. Expected: 3.0% YoY. Previous: 2.8% YoY
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