-
European indices set to open higher
-
Powell to speak on the economy in the evening
-
Canadian retail sales data for March
Futures markets point to a higher opening of the European cash session. DAX futures (DE30) painted a fresh all-time high above 16,300 pts earlier today but has pulled back a bit since. Moods on the markets are upbeat as traders are being constantly reminded that debt ceiling negotiations are progressing with House Speaker McCarthy saying yesterday that the debt ceiling deal could be put to a vote on the House floor as soon as next week.
Economic calendar for the final trading day of the week is light. Traders were offered German PPI data for April this morning and it showed a smaller year-over-year drop than expected - from 6.7 to 4.1% YoY while the market expected 4.0% YoY. Nevertheless, the release did not have a major impact on the market. CAD may see some moves in the early afternoon when Canadian retail sales data for April is released at 1:30 pm BST. However, central bankers' speeches may be the biggest source of FX volatility in the afternoon as there is a number of them scheduled, including speeches from Fed Chair Powell and ECB President Lagarde.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app1:30 pm BST - Canada, retail sales for March.
-
Headline. Expected: -1.5% MoM. Previous: -0.2% MoM
-
Ex-autos. Expected: -0.8% MoM. Previous: -0.7% MoM
Central bankers' speeches
-
10:45 am BST - BoE Haskel
-
1:45 pm BST - Fed Williams
-
2:00 pm BST - Fed Bowman
-
2:55 pm BST - ECB Schnabel
-
4:00 pm BST - Fed Chair Powell
-
4:00 pm BST - ECB Schnabel
-
8:00 pm BST - ECB President Lagarde
Top Wall Street earnings
-
Deere & Company (DE.US) - before market open
-
FootLocker (FL.US) - before market open
-
Catalent (CTLT.US) - before market open
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.
