- Slightly better sentiments before start of European session
- Chinese indices continue rebound
- The main macro readings are JOLTS and the CB consumer index from the US
Stock market sentiment is gradually improving, although yields on 2- and 5-year U.S. Treasury bonds are rising and are on Today's macro calendar for the European session is fairly light no crampon, however, there are publications of really high caliber. Markets have already learned about German consumer sentiment according to GfK, Sweden's GDP revision and both readings turned out to be negative disappointments for the markets. According to GfK, the chances of a sustained recovery in Germany, before the end of the year are declining more and more, and private consumption in Germany is unlikely to have a positive impact on the economy in 2023. Now investors await French consumer sentiments and retail sales in Spain reading but those data are not crucial for markets.
In the United States, we won't know NFP-caliber data today either, but sentiment readings according to the Conference Board and the JOLTS reading from the labor market will certainly be interesting publications for the markets. JOLTS may shed more light on the U.S. labor market from the side of small and medium-sized businesses (the number of vacancies employers are looking to fill). Today markets will know also more data from the U.S. real estate market including Case/Schiller indexes of real estate prices from key metropolitan areas or the change in US home prices.
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Open account Try demo Download mobile app Download mobile app- Germany's GfK index: - 25.5 vs. 24.5 forecast and -24.4 previously
- Revision of Swedish GDP y/y: 1% y/y vs. 1.1% forecast and 2.4% previously
- Revision of Swedish GDP m/m: -0.8% vs -1.2% forecasts and -1.5% previously
- French consumer sentiment: Expectations 85 vs 85 Previously (07:45 BST)
- Retail sales in Spain: Expectations 6.4% vs 6.7% Previously (08:00 BST)
- US house prices: Expectations (m/m): 0.6% vs 0.7% Previously (14:00 BST)
- Case/Schiller index of 20 major US metropolitan areas: Expectations -1.6% vs -1.65% Previously (14:00 BST)
- JOLTS: Expectations 9.5 million Previously: 9.582 million (15:00 BST)
- US consumer sentiments Conference Board index: Expectations: 116 Previously: 117 (15:00 BST)
- Oil inventories by API (21:30 BST)
Central bankers' speeches
09:40 - RBA Bullock
21:00 - Fed Barr
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