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European markets set to open slightly lower
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Oil surges after surprise OPEC output cut
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ISM manufacturing and final PMIs in the calendar
Futures markets point to a slightly lower opening of today's European cash session. Investors' attention is on the oil market as Brent and WTI trade 5% higher on the day after OPEC countries surprised with voluntary cuts of more than 1 million barrels. OPEC+ Joint Minister Monitoring Committee is set to meet again and will be watched closely. Timing of the post-meeting announcement is unknown, however. Apart from that, investors will be offered US ISM manufacturing print as well as final PMIs from Europe and the United States. Traders should keep in mind that this is a pre-Easter week and liquidity on the markets may be thinner. The week will also be shorter with many stock exchanges being offline on Friday.
8:00 am BST - Poland, manufacturing PMI for March. Expected: 48.2. Previous: 48.5
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Open account Try demo Download mobile app Download mobile app8:15 am BST - Spain, manufacturing PMI for March. Expected: 50.1. Previous: 50.7
8:45 am BST - Italy, manufacturing PMI for March. Expected: 51.0. Previous: 52.0
8:50 am BST - France, manufacturing PMI for March (final). First release: 47.7
8:55 am BST - Germany, manufacturing PMI for March (final). First release: 44.4
9:00 am BST - Euro area, manufacturing PMI for March (final). First release: 47.1
9:30 am BST - UK, manufacturing PMI for March (final). First release: 48.0
2:45 pm BST - US, manufacturing PMI for March (final). First release: 49.3
3:00 pm BST - US, ISM manufacturing index for March. Expected: 47.5. Previous: 47.7
3:00 pm BST - US, construction spending for February. Expected: 0.0% MoM. Previous: -0.1% MoM
Central bankers' speeches
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11:00 am BST - ECB Simkus
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1:00 pm BST - ECB Vujcic
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9:15 pm BST - Fed Cook
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