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European and US futures plunge
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German GDP seen rising 7.3% QoQ in Q3 2020
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Exxon Mobil and Chevron among earnings reporters
In spite of the Big Tech earnings report being solid, the global market plunged overnight. Coronavirus remains a dominating theme on the markets with the United States reporting a record number of cases yesterday. US GDP report showed a record pace of growth yesterday and today attention will be focused on European releases.
8:00 am GMT - Spain, GDP report for Q3 2020. Expected: +13.5% QoQ. Previous: -17.8% QoQ
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Open account Try demo Download mobile app Download mobile app9:00 am GMT - Germany, GDP report for Q3 2020. Expected: +7.3% QoQ. Previous: -9.7% QoQ
10:00 am GMT - Euro area, GDP report for Q3 2020. Expected: +9.2% QoQ. Previous: -11.8% QoQ
12:30 pm GMT - US data pack for September
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Core PCE inflation. Expected: 1.7% YoY. Previous: 1.6% YoY
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Personal spending. Expected: 1% MoM. Previous: 1% MoM
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Personal income. Expected: 0.4% MoM. Previous: -2.7% MoM
1:45 pm GMT - US, Chicago PMI for October. Expected: 58.3. Previous: 62.4
2:00 pm GMT - US, University of Michigan consumer sentiment for October (final). First release: 81.2
Noteworthy US earnings
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Exxon Mobil (XOM.US) - before market open
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Chevron (CVX.US) - before market open
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Colgate-Palmolive (CL.US) - before market open
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