-
FOMC minutes to be released today
-
Eurogroup failed to find consensus on pandemic funding
No major reports are scheduled for release during today's European session. European stock markets are seen opening lower as Eurogroup seems to struggle to develop a consensus on funding. A few interesting reports will be released in the afternoon, with FOMC minutes being at the top of the agenda.
Eurogroup ministers met yesterday but it looks like finding common ground is hard. Press conference was expected to be held yesterday at 7:00 pm BST but it was postponed until 9:00 am BST today. However, this press conference was postponed as well and ministers will resume the meeting tomorrow.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appData scheduled for European & US session
1:15 pm BST - Canada, housing starts for March. Expected: 180k. Previous: 210.1k
1:30 pm BST - Canada, building permits for February. Expected: -4.5% MoM. Previous: +4% MoM
3:30 pm GMT - DOE report on oil inventories. API estimates released yesterday pointed to a massive 11.9 million barrel build. Note that DOE reported a build of 13.8 million barrels last week. This shows the scale of demand destruction as well as how much the world is oversupplied with oil. DOE data is likely to confirm a big build and such a trend may continue unless big output cuts are agreed on.
7:00 pm BST - FOMC minutes. Today's FOMC minutes will cover emergency as well as regular meetings from March. Given how much action the Federal Reserve has taken back then, the release may offer some insight into reasons. However, keep in mind that the situation is evolving fast and minutes from the early-March meeting may have little value now.
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.
