- European indices set for flat opening
- Second day of Powell's semi-annual testimonies in Congress
- NZD drops after RBNZ decision
European stock market indices are set for flat opening of today's cash session, based on current futures market pricing. This comes after a mixed trading during the Asia-Pacific session earlier today. NZD is among the worst performing G10 currencies after RBNZ left rates unchanged and said that it expects inflation to return to 1-3% target in the second half of this year.
Economic calendar for the European morning is almost empty - Italian industrial production print is unlikely to trigger any major market moves. Things get a bit more interesting in the afternoon with the second day of Powell's semi-annual testimonies in Congress. Fed Chair will testify before US House committee at 3:00 pm BST, but text of the testimony will remain the same as yesterday, and it is likely that Powell will try to send a balanced message when answering questions from lawmakers.
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Open account Try demo Download mobile app Download mobile app9:00 am BST - Italy, industrial production for May. Expected: +0.2% MoM. Previous: -1.0% MoM
3:00 pm BST - US, wholesale inventories for May. Expected: +0.6% MoM. Previous: 0.1% MoM
3:00 pm BST - Fed Chair Powell testifies before US House committee
3:30 pm BST - US, DOE report on oil inventories.
- Oil inventories. Expected: -0.2 mb (API: -1.92 mb)
- Gasoline inventories. Expected: -1.8 mb (API: -2.95 mb)
- Distillate inventories. Expected: -0.3 mb (API: +2.34 mb)
Central bankers' speeches
- 9:00 am BST - ECB Nagel
- 2:30 pm BST - BoE Pill
- 3:00 pm BST - ECB Nagel
- 3:00 pm BST - Fed Chair Powell
- 4:30 pm BST - BoE Mann
- 7:30 pm BST - Fed Goolsbee & Fed Bowman
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