- European indices set to open flat
- Jobless claims and PPI data from the United States
- EIA report expected to show build in US natural gas stockpiles
Futures markets point to a more or less flat opening of today's cash session for major stock market indices from Europe. This comes after a rather downbeat Asian session, where the majority of regional indices traded lower. AUD is the best performing major currency following better-than-expected jobs data for March. GBP lost some ground after UK GDP data for February showed lack of growth (0.0% MoM) against an expected 0.2% MoM expansion. Final German CPI data for March was also released this morning but as it confirmed flash estimates, no major market reaction occurred.
Economic calendar for the day ahead offers some second-tier data from Europe and the United States. Traders will be offered industrial production data from Italy and euro area in the morning, followed by US PPI and jobless claims data in the early afternoon. Natural gas traders will tune in for the EIA report as it is expected to show the second inventory build since the beginning of the year, signaling that the heating season in the United States is drawing to a close.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app9:00 am BST - Italy, industrial production for February. Expected: 0.4% MoM. Previous: -0.7% MoM
10:00 am BST - Euro area, industrial production for February. Expected: 0.9% MoM. Previous: 0.7% MoM
1:30 pm BST - US, PPI inflation for March.
- Headline. Expected: 3.0% YoY. Previous: 4.6% YoY
- Core. Expected: 3.4% YoY. Previous: 4.4% YoY
1:30 pm BST - US, jobless claims. Expected: 230k. Previous: 228k
3:30 pm BST - EIA report on US natural gas storage. Expected: +25 bcf. Previous: -23 bcf
Central bankers' speeches
- 12:45 pm BST - ECB Nagel
- 2:00 pm BST - BoC Governor Macklem
- 2:00 pm BST - BoE Pill
- 7:00 pm BST - ECB Nagel
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.
