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European markets seen opening lower
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US House votes on $1.9 trill stimulus
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US CPI data, BoC decision
Futures markets point to a lower opening of the European cash session today. Economic calendar for the European morning is empty but things get more interesting in the afternoon. US CPI data at 1:30 pm GMT will show whether inflation concerns have backing. Bank of Canada is expected to hold rates unchanged when it announces its decision at 3:00 pm GMT. Oil traders will watch DOE report closely after API data showed a massive 12.8 million barrel build yesterday.
Last but not least, US House of Representatives will vote on Biden's $1.9 trillion stimulus deal today. Debates will start at 2:00 pm GMT and after around 2 hours vote is expected to be held. House will most likely pass the bill and it will be sent to President Biden for signing. Biden has said recently that $1,400 stimulus checks will be sent within two weeks after the stimulus is signed into law.
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Open account Try demo Download mobile app Download mobile app1:30 pm GMT - US, CPI inflation for February.
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Headline. Expected: 1.7% YoY. Previous: 1.4% YoY
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Core. Expected: 1.4% YoY. Previous: 1.4% YoY
2:00 pm GMT - US House starts debate on $1.9 trillion stimulus deal
3:00 pm GMT - Bank of Canada rate decision.
3:30 pm GMT - DOE report on oil inventories.
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Oil inventories. Expected: -0.8 mb
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Gasoline inventories. Expected: -4.2 mb
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Distillate inventories. Expected: -3.65 mb
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