- European indices set for higher opening
-
Final CPI reading for February from Eurozone
-
University of Michigan consumer sentiment for March (preliminary)
European index futures point to a higher opening of the cash session on the Old Continent today. Risk-on moods can be spotted on the global markets today with index futures, oil and cryptocurrencies trading higher. Precious metals gain on USD weakness as the biggest US lenders agreed to contribute USD 30 billion in deposits to First Republic Bank in order to shore up confidence in the banking system.
Economic calendar for the day ahead includes some interesting data releases. During the European session market attention will focus on inflation data from the Eurozone, however it should not have much impact on markets, as it should just reaffirm that price pressure is still elevated in the euro area. During the US trading hours, traders will be offered industrial production from the US and preliminary consumer sentiment index for March from the University of Michigan at 2:00 pm GMT. Condition of the global banking sector is still uncertain, therefore traders should pay attention to news headlines today as they may be a source of elevated volatility.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app10:00 am GMT - Euro area, CPI inflation for February (final). First release: 8.5% YoY
12:30 pm GMT - Canada, PPI inflation for February. Previous: 5.4% YoY
1:15 pm GMT - US, industrial production for February. Expected: 0.2% MoM. Previous: 0.0% MoM
2:00 pm GMT - US, University of Michigan consumer sentiment for March (preliminary). Expected: 67.0. Previous: 67.0
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.
