- European indices pull back
- GBP gains after UK jobs data, CHF drops on Swiss CPI print
- US CPI inflation report and German ZEW index in the spotlight
European indices launched today's trading lower, in spite of a mixed trading on Wall Street yesterday and an upbeat trading in Asia earlier today. German DAX drops 0.5%, UK FTSE 100 trades 0.2% lower, French CAC40 declines 0.3% and Dutch AEX slumps almost 0.8%.
Economic calendar for today includes some noteworthy releases. UK jobs data released at 7:00 am GMT turned out to be much better than expected and triggered a jump in the GBP market. Meanwhile, a lower than expected Swiss CPI reading for January put pressure on CHF. There is one more important release scheduled for the European morning - German ZEW index for February. However, a key release of the day will come in the early afternoon - US CPI inflation print for January. US report is expected to show headline CPI dropping below 3% YoY for the first time since March 2021. Among today's earnings highlights one can find reports from Coca-Cola and Robinhood Markets.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app10:00 am GMT - Germany, ZEW Institute index for February. Expected: 17.5. Previous: 15.2
1:30 pm GMT - US, CPI inflation for January.
- Headline. Expected: 2.9% YoY. Previous: 3.4% YoY
- Core. Expected: 3.7% YoY. Previous: 3.9% YoY
9:40 pm GMT - API report on US oil inventories. Expected: +2.5 mb. Previous: +0.67 mb
Top Wall Street earnings
- Airbnb (ABNB.US) - after market close
- Coca-Cola (KO.US) - before market open
- Lyft (LYFT.US) - after market close
- Marriott International (MAR.US) - before market open
- Robinhood Markets (HOOD.US) - after market close
- Shopify (SHOP.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.
