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European indices set for slightly higher opening
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Speeches from Fed and ECB members
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UK retail sales drop less than expected in October
European stock market indices pointing to a slightly higher opening of the cash session on the Old Continent today. DAX futures trade around 60 points above yesterday's cash close. Oil resumed slide after a brief pause while precious metals are trading little changed on the day. Cryptocurrencies experience relatively low volatility today with Bitcoin holding flat in the $16,700 area. GBP and NZD are the best performing major currencies while CHF and CAD lag the most.
Economic calendar for the day ahead is light with only some second-tier data from Canada and the United States left to be released. A key macro event of the day - UK retail sales report for October - was already released at 7:00 am GMT and it showed a positive surprise. While UK retail sales were down 6.1% YoY in October, the result was better than -6.5% YoY expected by the market and above last month's -6.8% YoY. Apart from the Canadian and US data later in the day, central bankers speakers are the best bet on a potential source of volatility in the markets today.
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Open account Try demo Download mobile app Download mobile app1:30 pm GMT - Canada, PPI inflation for October. Expected: 0.2% MoM. Previous: 0.1% MoM
3:00 pm GMT - US, existing home sales for October. Expected: 4.38 million. Previous: 4.71 million
Central bankers' speeches
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8:30 am GMT - ECB President Lagarde
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1:00 pm GMT - ECB Nagel
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1:15 pm GMT - ECB Knot
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1:15 pm GMT - BoE Mann
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1:40 pm GMT - Fed Collins
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6:15 pm GMT - BoE Haskel
Top US earnings reports
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Foot Locker (FL.US) - before market open
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